DAOstack: Revolutionary Concept for Autonomous Decision Making System

in #blockchain6 years ago

Screenshot_20180604-185515.png
Adapted from white paper

Humanity is faced with many challenges even as technology improving, globalization is now another threat we are faced with. Being adaptable is part of human characteristics. We evolute and revolutionise how products are designed and how services are rendered. Human communication is now made easier with internet, this is supposed to make life better.

Nations are now locations, identified with IP (Internet Protocol) addresses, online communities are growing bigger and expanding, and decisions are taken by giving due respect to opinion of people in the community. Well, these decisions are delicate to execute and difficult to deal with.

In our day-to-day living, we are constantly making decisions about what to do, eat, say and what-not. This process is simpler compared to when you need to take including people from different backgrounds. Currently, 20 percent of members decides for other 80 percent in many big organizations. We are know that this system is flawed, but we cannot get rid of it until there is a better system. This noninclusive decision making processes may backfire if it is not well handled.

Arrival of blockchain has brought transparency into the world financial technology, and many new startup are now using it to achieve things that would have been deemed impossible in last two decades. Decentralization is the new fag and challenges associated with decision making still exist in our society, there is a new crave for solutions in a new world. Everyone desire effective and efficient technology that will make decision making so seamless, yet immutable to corruption. DAOstack offers a better solution.

Note: DAO is (Decentralized Autonomous Organization)

The future of work is effective collaboration which will be made possible by autonomous decision making machine hosted on the blockchain. If anything will make collaborative intelligence faster, it is DAOstack.

How DAOstack Will Improve Cost, Efficiency and Structure of Organizations

Nothing beats the judgement of people who are in contact with the work, these are the kind of people that DAOstack will empowered as contributors. People who are in the lowest web of an organization can be part of team that will make decision that guarantee efficiency.

Smart organization, as introduced by DAO mesh networks, is a simple system which is intuitive through DAOstack Alchemy interface.

Dapps that run on DAO allow flexibility and open source contribution from different people. Both Arc and ArcHives will enable smart contracts to be written on the network.

Proposal for a future-proof platform for proper governance models.

The Alchemy interface give organizations the power to transform from archaic command line or hierarchy, to decentralized system which promises lots of potentials. Centralized organizations are idea restrictive compared to autonomous organization which promote free flow of ideas in a wider network.

IMG_20180604_233219_858.jpg
Adapted from white paper

Achieving consensus in a decentralized autonomous platform is hard, is it? No, the answer is efficient, scalable and resilient new model of governance- which reward people for positive contributions during decision making with GEN token. This will create balance and fairness.

For more information about this project, visit DAOstack.io

Or join DAOstack telegram group for enquiry.

Here is what @autofreak have to say about DAOstack in his video.

This project was brought to you by @originalworks, click here to read about it.

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