Introduction
“Ideas rule the world” is a popular saying in the world. Truer words about the world may have never been spoken and it is not hard to see why. The control of power, the establishment of a thriving business, the force behind great conglomerates that exist today, all boils down to the ideas and vision behind them. The movement from regular fiat currencies to the quicker cryptocurrencies was all driven by the idea of Nakatomo Satoshi to envisage a world of freedom with finances and financial operations. Furthermore, it started the trend of something great, as of today, more industries beyond finance have keyed into the potentials of blockchain. An even better idea that came with blockchain and cryptocurrencies is the Decentralized autonomous organization system, that allows various companies, a community set up to operate with no hierarchy. It ensures that duties fall on every participant with equality in wealth creation chances.
Consequently, a DAO works only if the members use their intelligence and technical know-how to propose ideas and vote great innovative projects. That said, owing to the proposal, voting and consensus system of the Geoma DAO, it is imperative to have great ideas in the proposal to ensure that the main aim of generating cashflow and wealth opportunities either through the web or the real world, for its contributors, is reached. Therefore, Geoma DAO has incorporated a project section into their system. This project is set up to drive in ideas and innovations to create wealth in the system. One of the defined parts of the projects section is the web-based projects section.
Web-based projects
This part of the project section revolves around the idea of decentralization. In this part, the expected proposal could be;
Protecting ownership rights: Contributors are expected to bring in their assets and incorporate them into the Geoma DAO system, either for rental or outright sales. Through the web-based projects, proper adverts are set up with predefined right protection to those assets. This allows the network’s contributors to be sure of the safety of their assets.
Personal data protection and monetization: Cases of intellectual property theft has been on the rise. Also, due to various reasons, individuals drop their personal data on various platforms that are unfortunately used to set up malicious attacks against them. Geoma DAO will rather take up these details, store them and releases them only for secure monetary outlets. The association of contributors also vote on the preferred server to ensure proper protection of their personal data. It is imperative to note that, if there’s any failure within the system consensus ability that leads to vulnerability, the whole system is liable to attacks.
OTC desk from Fiat or cryptocurrencies: large transactions disrupt the stability of the blockchain system. Therefore, people who intend to engage in these large transactions with cryptocurrencies are left at crossroads on how to go about it. Geoma DAO allows for an over-the-counter transaction that doesn’t disrupt its system stability. Therefore, proposals for these are expected to be brought in by its contributors. Geoma DAO can set up an OTC desk through it dApps which allows for seamless flow of large transactions.
VR educational game for children and teenager: Geoma DAO is a system for everyone. It has a system which is teenager and children-inclusive. Proposals based on virtual reality educational games are expected to be set up in the web-based projects section. This has to include the setting up of a standard website, the outreach or adverts and other needed steps. The system contributors, however, vote on the best possible way to approach these projects and the standard contractors that will get the job done.
USEFUL LINKS
Website: https://www.thegeomadao.com/
Whitepaper: https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view?usp=sharing
Telegram: https://t.me/geomachat
Twitter: https://twitter.com/thegeomadao
AUTHOR'S DETAILS
Bitcointalk Username: Chidoskim
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2652432
ETH Address: 0x4F70c5e328B15825Fa456a4F32fEeF315ba88FDf
