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Introduction

It’s clear that there has been an evolution; humans have favored working as units (such as tribes, families) than in isolation. Getting groups of individuals to work together to execute different tasks, births the idea on which companies slides.

With this comes an expensive cost to engage such man power and infrastructure, though the internet births a global community where information exchange slides on ice, working together as an efficient team still remains an issue that bite hard like the teeth of an alligator.

Bugging our minds remains the eventuality of Harnessing our ability to solve problems so as to improve individuals and the society. That is where DAOstack births the dream.

First off DAO is powered (decentralized autonomous organization) to slides on smart contracts. It is the most efficient way to solve real big problematic issues in this line of direction. Pushing DAO to the hinges of decentralization births it reliability and dependability on a firm footing. That’s what DAOstack intends to create.

What is DAOstack

DAOstack therefore is an operating system for DAOs that runs on Ethereum blockchain in place of creating its own blockchain. DAOstack births governance of self-organizing collectives. Its main objective hinges on the birth of a horizon of DAOs that slide to life, by enabling crowd participation, association and cooperation around any dream or goal to be achieved.

Imagine DAOstack as WordPress for DAOs. DAOstack is aiming to bootstrap the DAOstack platform and grow it into an operating system for DAOs ecosystem that will be using the DAOstack.

DAOstack proposes to many prospects which may include:

A Collaborative association directed towards the execution of an idea or goal. This might be directed towards developing a products or relaying services for a decentralized company.

The Management of assets and the distribution of funds. Investment in a specific company, property or so. Examples these kind could include decentralized versions of pension funds, investments in real estate etc.

Curation leveraging on the contribution of the crowd to rate the subjective quality of an object or idea

With DAOstack project getting up to speed with success, there will be a disruption of the trending model of decision making. There will be the employment of the use of collective intelligence from a large human cloud allowing for best probable solution at any scale.

DAOstack Tools DAOstack hinges on different frames giving both developers and DAO participants/creators a huge leverage.

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Arc

This forms the basement floor of DAOstack. It’s liken to the warehouse or library of smart contract executed on the Ethereum blockchain, each represents an important frame that can be mixed and even modified to create the complete governance protocol for any given DAO according to evolving needs of users.

Arc.js

Without being familiar with Solidity or the blockchain, applications can be easily developed by front end. These developers without a good knowledge on the proficient use of the more advanced knowledge might leverage off the JavaScript library (Arc.js)

The Application Layer

The application layer affords users the opportunity to leverage off the applications created by developers and software Engineers. These individuals who are users will interact with DAOstack by using this Dapps built on Arc and Arc.js to execute task or solve problems they wish to tackle.

Alchemy

With Alchemy which is the first DAOstack application, everyone can create a DAO and an ERC-20 token in few clicks and invite others to participate in the process of the hubs talent-sharing and decision-making, this make the ecosystem robust and elaborate.

Genesis DAO

Genesis DAO is the first DAO that uses DAOstack and it tests Alchemy to collectively manage a fund right away. Genesis DAO will slide on the responsibility of allocating the majority of the funds expected to be generated by the GEN token sale, should mint an expected 60 million tokens for a total of 100 million GEN.

Tokens:

DAOstack system employs the use of 2 currencies that interact with each other to offer the most precise and fairest decision process. ·

First off is Reputation, this accounts for the voting strength of the user. Reputation cannot be transferred from peer to peer as the case is the ERC-20 token. Reputation on this ecosystem is gained by active participation in doing actions or executing tasks that favors the DAO. People with higher reputation have more voting/proposal power than those with lower reputation.

Next off is the GEN token, (the ERC20 token) which users can use to actively bet or stake on proposals (a plan or suggestion) across DAOs in the ecosystem. By staking GENs to proposed suggestion on a DAO, users are driving the DAO’s attention to the proposal and if the proposal is favored by the majority of user with the highest reputation, the stakes are then rewarded for it. If it doesn’t pass those who staked their GENs against the proposals are rewarded.

Summary

DAOstack is the operating system for DAOs. Instead of birthing the typical top-bottom hierarchy and/or token staking for decision making, it births an ecosystem based on users reputation and token ownership (GEN) as two separate units that pair up with each other.

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Fundamentally one needs a decent reputation to make a premise and GEN holders can stake their tokens for or against the proposal. Depending on what the voters (people with reputation) decide, one can lose his stakes or get rewarded, if he guesses right what the majority prefers as regards the proposal.

DAOstack affords a great and a thought out solution that births a big impact in solving important problems by using a cloud of human intelligence, DAO interoperability and more. DAOstack has a very well organized ecosystem framed on ethereum blockchain that insures fairness, reduced cost, effectiveness and transparency.

But there are few questions might remain a bug to the mind of many:

What advantages does a DAO have over traditional organizations?

With DAOs there is a huge advancement in collaborative association driven towards achieving prospective goals footed on a high level of transparency. DAOs have framed an efficient and resilient organization that will attract many users with contributive ideas with the prospects to be incentivized with reward tokens for the resource the share on the ecosystem. the DAOs in contrast to the traditional organisation birth a situation where everyone can participate in the process of decision making, eliminating the situation where a selected few with huge financial backing distrupt the process by injecting their huge funds.

What are some potential use cases?

DAOstack will slide on transparency in its bid to aid the process of arriving at decision making in organizations, with large number of people.
Imagine birthing decentralization on:

Collaborations

• An architectural design of a new city with 1000 architects on board the team.

• An open source software project with 10000 developers

• A pharmaceutical research with over 50000 pharmacist

• A collaborative news network of 10000 journalists

Assets management and fund distribution

• Cooperative saving (funds) scheme

• Venture funds

• Insurance networks

• Charitable funds

• Pension funds

• Funds for the payment of employees in a large company with huge organisational structure

• Real estate investment collective

Curations

• Video and article feed

• Restaurant and hotel guides

• Website listing like a socially curated Google search

How does DAOstack's method of vote power distribution promote incorruptibility?
Everyones voting power will be considered proportionate to the their reputation, this reputation cannot be transferred from peer to peer, but obtained over time of contribution and active participation in task execution on the platform.

The process of task execution/decision making on the ecosystem is therefore based on reputation, other than the large amount of token they stake out. This therefore prevents the process of decision making to be hijacked by individuals with large token to stake but without proven participation or reputation.

Also with reputation not transferable the process of distributing voting power to those who might vote for a proposal that favors one's beneficial course is kicked out of th picture therefore birthing transparency to the process

How can DAOs improve the cost, efficiency and structure of organizations?

DAOs invents a huge level of efficiency by cooperation and collaboration, thereby decentralizing the process of decision-making to the edges opening it up to a cloud of human intelligence and analysis. This eliminates bad judgment that might erupt from a selected few. This forms the bedrock on which companies originate and grow.

It also effectively manages which proposal gets voters attention; and who should participate in making decisions. But with the growth organization of the different agents comes increases cost. But structurally with DAOs technology hinged on blockchain births organizations might remain cost effective to manage even when the membership skyrockets to a million members or more.

What are the benefits of being able to evolve the DAO or DApp from within (through balanced and fair voting)?

From the characteristic feature of DAOs to evolve from within, their tend to be an evolution process that becomes a continual and timeless. Unprecedented collaboration/coordination which forms a base for evolution DAOs and DApps hinges on elimination of faults, birthing trust, transparency and building positive prospects for the future of businesses.

With a fair voting system Implemented on the basis of reputation proposal execution might be approved on the basement of transparency.

To get information from the parent post visit:

https://steemit.com/crypto/@originalworks/370-steem-60-bonuses-sponsored-writing-contest-daostack

For More Information:

• DAOstack Website
• DAOstack Summary
• DAOstack WhitePaper
• DAOstack Telegram
• DAOstack Twitter
• DAOstack Reddit
• DAOstack Newsletter
• DAOstack Github
• DAOstack Medium
• DAOstack YouTube
• DAOstack Token Sale FAQ

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