The Human Being as such can not live isolated, but in continuous interaction with his peers, therefore it is a sociable entity. Individuals have to cooperate with each other, because of their personal restrictions, and they must form organizations that allow them to achieve some objectives that individual work would not achieve.
There is a wide variety of organizations: industrial, commercial, service organizations (banks, universities, hospitals, transit, etc.), military, public, which can be oriented towards the production of goods or products; these exert pressure on the lives of individuals and are an integral part of the environment where man works, recreates, studies, satisfies his needs.
Organizations, because they are social units, must constantly rethink and reformulate to achieve specific objectives. The adoption of new production mechanisms that satisfy the company's own expectations as well as the recipient market is not an easy task. The necessary resources and conditions must be enabled so that variations do not arise for the initial purposes. One of the possibilities to increase productivity and profitability is constituted by the ability to associate with other companies that present similar characteristics and thus join efforts to achieve the objectives.
In this order of ideas, the evolution of the Organizations and the associativity lead us to manage the term of the Decentralization. The old organizational schemes based on the central figure were displaced with the appearance of the Blockchain. Transparent and auditable systems in view of all the members of the organization, decision making tabulated in the programming language in intelligent contracts, these are all factors that generate confidence.
DAO's Emerge
Decentralization has allowed the emergence of new brands, young entrepreneurs who do not accept framed in the old governance schemes, who have placed their interests in the Ethereum universe, developing DApps, own Token and own policies. So far with favorable results for all, supported mostly by the benefits of the nature of the blockchain and the cryptocurrency.
These Decentralized Autonomous Organizations (Dao's) are the inevitable product of the evolution of traditional organizations. A DAO is a network of agencies, which is also an agency in itself. There is not a single point of control or failure in the organization. Instead of the central administration, there is an indirect coordination among agents stimulated by the reward of tokens and framed by codes in intelligent contracts. A DAO is a self-organized entity, and in general it looks more like an organism than an organization.
We could think of a group of islands separated from each other, that decide to start the construction of bridges that allow interconnection, taking advantage, in this way, the resources that each one possesses. They all benefit because they can exchange their resources with each other. It is necessary that all the islands are tuned in "share their resources". All have to transcend individuality to achieve the group. No island loses its individuality, on the contrary, it has the opportunity to elevate it and, furthermore, to be part of an association with other islands, thus achieving to reinforce its individual potential for the development of new joint ventures.
In a decentralized organization, decision-making authority is delegated to the chain of command as much as possible. Decentralization is characteristic of organizations that function in complex and unpredictable environments. Companies that face intense competition tend to decentralize to improve responsiveness and creativity.
The concept of the DAO's is so powerful and elegant, because it does not include the traditional techniques of the corporations. Ownership of the DApp tokens are the only requirements to use the system. It is very simple. The value of the cards depends on the appraisal of the application by the people. All the incentives, the monetization, all the forms of support are integrated and do not need the mechanisms that the old centralized corporations use to balance the interests of shareholders and employees.
The strategic advantage is that each member develops his daily activity independently of the existence and the actions of the group. According to the characteristics of the same and the ideas "contributed" by the members it will be possible to advance in the strategies.
DAOstack
All this organizational emergence needs a solid base that sustains them and avoids the dispersion of efforts, an intelligent concept of society that fosters cooperation while maintaining the individuality and autonomy of organizations. A new tool for decision making that challenges the established paradigms, without relapsing centralization. That is DAOstack.
The biggest challenge for DAOStack is managing the volume of requests that will be generated by coordinating large-scale partnerships, supporting the processing of a large number of mass decisions effectively.
How to represent the interests of the majority without affecting its principles and providing a sense of real representativeness?
Governance and Representativity
The Holographic Consensus Protocols allow the voting power in collective decision making to be delegated to smaller representative groups elected in consensus through norms established in the intelligent contracts, so that the alignment and consonance with the will of the majority is guaranteed. . The protocols developed in DAOStack completely eliminate the own corruptibility of human beings, since it would not be in the hands of a main figure or high decision-making authority, on the contrary, all the conditions resulting from a consensus would be reflected in the intelligent contracts. prior and which could not be altered by an individual or subject to subjectivity.
When we imagine a system that is so solid and "armored" against the possible weaknesses of traditional organizational systems, we can imagine a rigid platform with no opportunity for change. DAOStack allows easy updating to new schemes, with the inclusion of new parameters. All the DAOs come with a series of determined rules (Blocks), which by default include the rule that allows changing other rules, so in a very simple way adding and combining these rules we can keep our governance regimes and smart contracts updated. The ARC platform of the DAOStack ecosystem offers an infinite number of governance blocks which will evolve with the contribution of free code developers and third parties. Thus we find the possibility of changing a part of the governance system by just selecting one of these blocks from our library, without the need to redistribute the code in the blockchain, which translates into savings in storage and operating expenses.
Technical View of DAOStack
The development of DAO'S is carried out in an entire ecosystem, composed of modules or layers that have as foundational basis the Ethereum platform with its Blockchain concept which allows through DApps the cryptocurrency of different types of Token's ERC20.
Arc
Set of intelligent contracts that provide the frame of reference where the components of the DAO'S are defined.
DAOstack Arc.js
With our DAOstack Arc.js javascript library, you can easily have the necessary support so that your applications (DApps) have access to the DAOstack Arc ethereum intelligent contracts.
"...can import the entire Arc.js library"
Arc.js supports events of various types that it can handle, including Arc contract events and events that allow it to track transactions as they occur.
Collaborative DApps
Vanille & Alchemy. Both developed on DAOStack using Arc.js. eg. And allow both manage funds and develop DAO'S through an easy to understand GUI.
Tokens & GEN Economy
Based on a circular economy, 40% of the DAO tokens were distributed initially among their collaborators through the public sale that was made in May 2018. But the general idea is that the tokens are distributed to valued taxpayers, for the value that is contributed to the network. On the other hand, the same tokens benefit from the value created by the network. The more value is created, the greater the value of the tokens, the more the organization can incentivize the contribution of more value, and so on. But the most outstanding factor of DAO is that it allows the participation and coordination of a large number of users of different DApps by implementing the relative decision-making protocol, which facilitates the distribution of Tokens to valued taxpayers. So the more participation and input they make to the network, the more value they will have.
To avoid corruption of the network by a few who possess most of the wealth, the projects must be approved by the holders of "reputation". Reputation can not be bought or sold, but it is gained by actively participating and contributing to the network.
Check out their the DAOstack intro video:
Keynote Speech:
More Information & Resources:
DAOstack Website
DAOstack Summary
DAOstack WhitePaper
DAOstack Telegram
DAOstack Twitter
DAOstack Reddit
DAOstack Newsletter
DAOstack Github
DAOstack Medium
DAOstack YouTube
DAOstack Token Sale FAQ
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