Human race has evolved over a long period and made this a constant phenomenon In guys environment, always surviving by spotting problems and trying to solve them most atimes they are completely solved and at others partially solved, but at any point he learns to adapt and innovate. Hence he has been on a constant lookout for means of improvements, then came alliance with each other, In cases of great variations between individuals a thing 3rd party was Always involved "the middleman". This new development also came with its own problems. There was high cost due to commission of the middleman, time wasted during his processing and decision taking, at some point the middleman could affect or even make influencing decisions. Then the question arose, how do we get rid of it his factor and it problems? The blockchain technology appeared decentralized to create alliances without the middleman and his advantages.
But also most of the earliest blockchain platforms couldn't make it, they were so many Ideas that couldn't be implemented, hence a need for a collecting intelligence, something like an autonomous protocol. Then DAOs appeared.
DAO means Decentralized Autonomous Organization. It is a system operating software suitable for building decentralized apps, this feature is possible because it allows application of blockchain governance to systems previously organized by centralized corporations, by smart contract voting, users determine its operations.
“DAOstack is designed to catalyze the future of collaboration. It’s a platform for decentralized governance that enables collectives to self-organize around shared goals or values, easily and efficiently. DAOstack is sometimes called an operating system for collective intelligence, or a Wordpress for DAOs. Most of the expected proceeds from the DAOstack token sale will be reserved for management by a DAO fund, in which the community of GEN token and reputation holders will create proposals for the allocation of resources.The platform launches spring 2018 and includes a modular smart contract framework, a friendly JavaScript developer environment, and an intuitive user interface that allows anyone to create or participate in a decentralized organization without technical knowledge
To achieve the Primary goal of the platform, which is to allow easy creation and implementation, many tools or features are unique to the platform.
• ARC
This possesses a modular nature similar to that if “word press” , it allows corporations to have access to DAO
• ARCHIVES
A record of all data for transactions, Dapps and DAO’s created atop DAOstacks, promoting ease in communication.
• Arc. Js
This allows developers to have easy access to develop applications without knowledge of the native smart contract language.
• Alchemy
This allows users and developers to communicate favourably, it is the user interface.
• Dapps and DAOs
All methods and features encompass to give rise to an entire ecosystem of this last features as output.
here is a video I made showing a hand sketch of the Daostack framework
This how it looks like
DAOstack enables improvements of corporations in manners that promote effective scaling. By methods of decentralized decision making this goal is achieved
The merits of DAOstack over other traditional organizations are so numerous. But, worthy of greater preference amongst this numerous benefits is the incorruptibility of the system. Cases of corrupt and selfish Agencies who stop at nothing but self interest, have been so rampant currently. But, this is coming to an end with the introduction of DAOstack: here is an example of how it works from the DAOstack source
"The International Film Greatness Award". A fictitious organization that is tasked with providing annual awards to the greatest feats in film. In a typical structure, there would be individuals involved within the organization who are corruptible. Whether by money or influence, certain films would rank higher than others on merits that have nothing to do with the actual quality or "greatness" of the film.
To resolve this issue, the organization could be run as a DAO. Protocols could be put in place using DAOstack which would ensure that the award is rewarded by an incorruptible protocol where no individual or sets of individuals would have overwhelming sway that produce inconsistent judging criteria.
The DAOs is designed to revolve from within by balanced and fair voting, the ultimate benefit of this feature is that despite its constant and rapid growth the system remains incorruptible.
At times when upgrade is necessary, potential developments are voted upon by the entire community, but the effectiveness of a vote is determined by the reputation earned by the individual, which is a direct result of active and committed contributions to the platform and a long term successful antecedence of useful decisions made. This method allows DAOstack as the first viable solution to show benefits if incorruptible decentralization while still allowing changes in the core technology.
Another important feature of DAOs: They are the platform’s economy dealings, this feature is an important factor in the revenue aspect of this model. GEN allows users to bid on a proposed project, like I mentioned earlier, reputation holders Vote and if at the end it us endorsed tokens are returned to the bidder with possible gains but if not he looses it and it is shared to voters.
It is very essential to know that, decentralization if the platform is possible as rules or protocols are set down with threshold levels. This rules are called Schemes and their threshold factors are known as glibal constraints.
Let’s say I want to send some crypto and then I have more if Yes as votes then the system automatically carries out this task,
but If there is a global constraint to the amount to be distributed and I pass the threshold, then no matter how many reputable users vote me “yes” the system won’t allow such operations. Note, glibal constraints could be fixed or variable over time, all developments are enacted after voting.
If you have high hopes like I do in this innovation and also interested in joining the direction the world is flocking to in networking, then you can watch this video below and check out more about this platform from the links below. Truly, blockchain is the future of global networking
all pictures are gotten from here
Read more here:
DAOwebsite
DAOwhitepaper
DAOsummary
visit @originalworks for the contest with this link
daostack2018
