Blockchain enables new forms of human association that combine the scale and efficiency of free markets with the alignment and coherence of startups. The future of work involves networks self-organizing around shared goals and interests, and a new economy where cooperation is the winning strategy. This is a future of DAOstack.
WHAT IS DAOstack:
DAO which means Decentralized Autonomous Organization, is a network of peers that encode their protocols into the blockchain and make collaborative decisions by voting through smart contracts.
The team at DAOstack is developing the tools and infrastructure needed to become the “sandbox” for all DAOs to operate from.
DAOstack will be a platform from which DAOs can build and create their own token on. The technology is very detailed and complicated.
DAOstack ICO Value Proposition
ARC: The base layer of the stack, is a library of smart contracts on the Ethereum blockchain, each of which represents functional elements that can be mixed, matched and modified to create the complete governance protocol for any given DAO
The ArcHives: a set of shared registries designed to enhance interoperability among the DAOs and Dapps. Any new tool, all offers and requests, and any new DAO will all have their own registry.
Arc.js: a JavaScript library that allows devs to easily build apps on top of Arc without being familiar with Solidity or the blockchain. With Arc.js, any organization or industry has the option of creating a custom interface suitable for its own use cases. DAOstack envisions ultimately hundreds or thousands of such Dapps deployed on Arc.js.
Dapps Layer: This is where organization members will interact with the DAO through the Dapps.
Alchemy: The first App on the stack. It will be a tool to help DAOs budget and allocate resources. With Alchemy, anyone will be able to create a DAO in a few clicks and create an ERC20 crypto-token if desired. There’s also a prediction market function, that will help organizations prioritize important proposals. The future roadmap for Alchemy includes greater customizability, integration with other popular collaboration tools, mobile support, and bounty systems.
HOW CAN DAOstack IMPROVE THE EFFICIENCY OF ORGANIZATIONS
DAOstack holds impressive prospects for building decentralized organizations. If decentralization of technology, power and governance is a core value proposition of Blockchain technology, then the system needs infrastructure on which governance can take place in a trustless, transparent and effective way. DAOstack represents a potential solution for this problem. If this happened to be the case, the sky’s the limit for DAOstack.
One promising aspect of the DAOstack ICO is the advanced stage of product development the team have already reached. The main system pillars, such as Arc, are operational (as demonstrated by the functioning of Alchemy, the first Dapp built upon the system).
How does DAOstack's method of vote power distribution promote incorruptibility?
First what is voting power:
Voting power — it refers to as reputation. Reputation cannot be directly transferred from peer to peer, but rather is distributed by the passing of proposals, or by the adoption of protocols that result in reputation being transferred automatically. For example, there might be a protocol through which reputation is distributed for positively reviewed work.
With the use of Holographic Consensus, which is a process where small groups can make decisions on behalf of the larger majority, in an incorrupt way. To avoid plutocracy in the DAOstack, the process will separate token ownership and voting power into two different currencies.The token-a transferable token that is a form of monetary wealth, called GEN.
What are the benefits of being able to evolve the DAO or DApp
Evolving DAO or DApp will be of great benefit to advance the DAOstack project and ecosystem, and it will be investing in proposals, such as; a) The further build out of components of the DAO stack, including Arc and Arc.js. b) Support for/investments in collaborative applications (dApps) to be integrated into the DAO stack. c) Support for/investments in organizations built on the DAO stack.
SUMMARY
The DAOstack aims to create an infrastructure on top of which developers can build decentralized solutions such as corporate governance, massively-scaled knowledge systems, collaboration tools and so on. While the team has clear and impressive experience (and sometimes, startup founders do better with a failed project behind them), and while we have to give them immense credit for their progress on the technology and the need, there is essentially very little to prove the economic model. It depends too much on hypothesis for us to participate in the ICO at this time.
MEET THE TEAM
After studying each of the 15 available team members’ LinkedIn accounts, they receive a better than average rank but nothing terrific. Here are a few highlights.
CEO Matan Field has a PhD in physics and is leading expert in decentralized governance. He has given numerous interviews and two TED talks. You can listen to his most recent AMA here.
CTO Adam Levi has a PhD in physics, as well as 22 years of programming experience. He was a teacher’s assistant at Technion, Israel Institute of Technology from 2013-2017.
In terms of marketing and communications, Josh Zemel is the guy. He designed and executed major growth initiatives for Equifax, Blue Cross Blue Shield and Toyota. He was also a VP at IMM, a digital agency.
Thanks to @originalworks , for the DAOstack sponsored @OriginalWorks writing contest!
daostack2018
This post has been submitted for the OriginalWorks Sponsored contest!
You can also follow @contestbot to be notified of future contests!
Congratulations @afookikiola! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!