Building a Decentralized Autonomous Ecosystem of Global Relevance

in #crypto6 years ago (edited)

The concept of decentralization is not a new thing in the world of technology. As a matter of fact, it is the in-thing today. Smart organizations have begun to incorporate it in their system and indeed, it has vast benefits. Today, for any decentralized autonomous organization to be made whole, it must adopt the use of a blockchain technology (another laudable milestone of the 21st century man). And through this, smart contracts are being executed on a daily basis, app developers are able to enjoy autonomy and companies are able to boycott unnecessary expenses.

The challenge however is: centralized systems are yet very popular, as such DAOs have not quite been accepted like conventional- centralization.

DAOstack

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DAOstack is the operating system with which app developers can design, launch and enjoy scalability of their decentralized apps. Yes, scalability! DAOstack as equipped it's system with the right kits and tools so that developers can improve on their apps and grow reputation and fan-base, through consistency, performance, and fair votes.

DAOstack Tools

1.ARC - Couple of years ago, for any organization to effectively function or thrive, it had to be founded and situated at a geographical location, but we are gradually approaching a dispensation wherewith, organizations are able to perform even better than the former, solely through adoption of decentralized autonomous system, thereby giving rise to DAOs.
DAOstack makes this all the better, as companies and organizations would now be able to readily deploy DAOs at the snap of a finger and with simplicity like that of wordpress.

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It would certainly help organizations to cut down on the costs of recruiting an elaborate workforce, as is usually required for conventional - centralization.

DAOstack is indeed good news for all app developers and organizations as, developers would be able to apply blockchain governance.
Imagine that Tony has this idea to connect food vendors with potential customers, through an app and then he contracts the job to an app developer. From all indications, it is going to take a while but Tony wants it badly. Luckily, the developer stumbles on DAOstack few hours after combing the net. Two weeks after, the app is already in play. One thing is certain here. If Tony had gone through the conventional route, it would cost a lot and may or may not yet be effective.

  1. Arc. Hives - this is another of DAOstack's tool, wherein data of all the Dapps and DAOs built on DAOstack are housed. It also allows smooth interaction and relativity between the individual components of the DAOstack economy.

  2. Arc. js - with this, developers do not have to worry about native APIs in a bid to develop an app. Again, this is good news, especially for app developers as the cumbersome part has been nullified.

  3. Alchemy - it is the interface between the users and developers. It is the part that is made available and accessible by all.

A complete integration and utilization of the above-mentioned tools would yield an ecosystem of Dapps and DAOs.

DAOstack's Vote Power Delegation Feature

The huge disparity between DAOstack and a bunch of other DA framework system is a plan to ensure continuity to sustainability. And, this simply boils down to integrity, trust and performance. DAOstack is structured in such a manner that no organization can always enjoy unfair voting advantage and this is made possible by random redistribution every now and then. To cap it up, the reputation is based on performance, efficiency and a few other factors which are fair and balanced. It decreases the odds of a particular DAO enjoying full-fleshed organizational scaling, to the detriment of others. Simply put, it promoted incorruptiblity and this is one of very few factors that are crucial to continuity of a venture of this nature, unlike traditional organizations.

From the foregoing, DAO is more advantageous than traditional ones - cost effective-wise, productivity-wise, etc. Let us all therefore embrace decentralization, because it has come to stay!

To learn more about DAOstack, visit:

DAOstack Website
DAOstack Whitepaper
DAOstack Team

To participate in this contest, kindly follow: https://steemit.com/crypto/@originalworks/370-steem-60-bonuses-sponsored-writing-contest-daostack

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