Aragon - Decentralized Governance For Organizations By Anyone On The Ethereum Blockchain
Governing people and organizations sure is tough. Even after tens of thousands of years, humans are still struggling with the task and arguing about the best way to achieve it.
Enter Aragon (ANT), an ERC20 token on the Ethereum network that aims to make this problem just a bit more manageable.
The Aragon token aims to aid in decentralization by creating "digital jurisdictions." This acts as a digital jurisdiction, or a sort of borderless set of rules and guidelines agreed to by all participants. Rules for governance are set and enforced by the network, as opposed to a single centralized authority.
The mechanics on how this are going to work are still a bit up in the air, which makes sense as Aragon is early in development. Alpha stage version 0.5 is the next major update, and is listed as "coming soon."
Aragon held up during the first-quarter 2018-crypto-slaughter noticeably better than most coins did. At one point in January, it was the single best performed in my portfolio year-to-date. Past performance is no indication of future gains, but this likely means Aragon investors have a bit tighter grip on their tokens than investors in many other projects do.
Given the way things are going lately, this could certainly prove to be an advantage.
Given the extreme degree to which most humans appear to need governance, despite our loftiest goals of anarchic communistic living, I think it's safe to say the potential use case for Aragon is not going away any time soon. This still remains a speculative play, until Aragon hashes out some of the details on how they intend to operate their jurisdictions. I plan on holding mine for the moment and riding the hopeful wave.
Disclaimer: I am a holder of Aragon and am not a financial adviser. Do your own due diligence.
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Sources: Google, Aragon, Reddit, CoinMarketCap, Aragon.one
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