Flawed System of Collaboration
Man had tried to establish an incorruptible form of organizations since time immemorials—and failed miserably.
The primary reason for our failure to establish such an organization is because the system we are using to collaborate is flawed from the very start.
So if we are to use such a flawed system of collaboration to establish an organization; then wouldn't that organization be flawed itself? The same principle is also applicable to government. The reason that the traditional system of collaboration is flawed is because we usually choose a person or a small group of people to led and make decisions for us.
This by itself is not wrong; but a person is easily susceptible to bribes and coercion. History itself had proven this. How many empires, kingdom, country, and organizations had fallen because of corruption? Uncountable.
In order to established a system of collaboration that can stand the test of time, we needed a protocol or a system that is not prone to corruption, and is open. Fortunately, the advent of the blockchain provides us with such opportunity—the DAOs.
What is DAOstack?
DAOstack empowers decentralized companies, funds and markets so they can make quick and innovative decisions at scale.
DAO means Decentralized Autonomous Organizations.
Blockchain companies have many assets and thousands of members, they have everything, except one thing, one quality or one capacity, and that is that they can not deploy their resources. Daostack makes it possible, and very easily, manages the resources and gives you the tools to make decisions and prepares the budget incentivandote to follow.
DAOstack is based on three main points, which are:
1.Blockchain governance
2.Programmatic cooperation
3.Holographic Consensus
Points of a DAO ecosystem:
DAOs
The meshed networks of Intelligent organizations, together constructing an economy without rivalries.
Alchemy
It is a native user interface, one of the many interoperable applications.
DApps
Collaborative applications built on the DAO stack.
Arc.js
It is a friendly API layer that allows front-end developers to create DApps over Arc.
Arc.Hives
These are shared registers that improve interoperability and the network effect between collaborative Dapps created on the stack.
Arc
It is a governance environment with general objectives for the configuration and deployment of Decentralized Autonomous Organizations (DAOS) in the Ethereum blockchain network. A kind of wordpress for DAOS.
The GEN Token and Holographic Consensus
DAOstack governance templates is seperated to two seperate currencies. The GEN token refers to monetary wealth that is fungible and transferable. The other one is the voting power or the reputation, that is non-transferable, but can be used to pass or decline proposals. Also, one cannot buy voting power or but votes with GEN.
The GEN is DAOstack's attention token, and is use as "stakes" for or against proposals. For example: if a stake holder stake "for" a certain proposal and that proposal is passed by a reputation-holder, then the stake-holder will gain more GEN. But if the proposal fails to pass, then he/she will lose GEN. The same thing is also applicable if you stake "against" a proposal.
This staking system amounts to a prediction market,—the exact opposite of the voting protocol. It is also the heart of the "Holographic Consensus". The template is made this way to make sure that only proposals that is beneficial to the DAOstack community and ecosystem will pass.
This is DAOstack's answer to resilience and scability. Ensuring that the DAOs remains incorruptible.
Afterthoughts
Mending a flawed system of governance is not easy but the concept of DAOs make this approach a possibilty. Though just a concept for now, DAOstack is already taking the right step to make this concept a reality.
As an individual who is sick of corruption, the DAO is like the legendary panacea of the gods, and DAOstack's the hero who took the panacea from the gods and gave it to the mortals. All in all, I'm really excited about DAOstack and I looked forward how it affect centralized governance as whole.
https://steemit.com/crypto/@originalworks/370-steem-60-bonuses-sponsored-writing-contest-daostack
Link the company's website : https://daostack.io
@OriginalWorks
daostack2018
