It is time to take your company/organization to the Blockchain

lovemelange (47)in #cryptocurrency • 6 years ago

Organizations typically work in centralized manner. In which the power resides in the hands of a few. This can -slow down the operations of an organization . - result in misuse of power - it can also hamper the growth and scalability of an organization.

To resolve these issues the concept of DAOStacks is being implemented. This is an Operating System over which decentralized apps can be built these decentralized apps called DApps good health create the decentralized structure that would replace the centralized organizational structure that currently exist.

If we compare the growth of an organisation with that of a decentralized blockchain then we see that decentralized blockchains grow much faster they as compared to structured organisations with they are inherent limitations and drawbacks.

DAOStack offers four distinct layers to create the functional decentralized organisational structure. This four layers are.
ARC this is like the substrate on which the decentralized organisation would grow it is a modular solidity framework that helps creating structures easily and quickly in a modular fashion.

ARC Hives: This is like a shared registry that would keep a record of all the DAPPS and the DAO's being used.
ARC.js their concept is very similar to the use of API's that help he's integration without extensive programming skills required.
AlCHEMY this is the topmost layer and also the interface where the developers and the users can interact with DAOStacks.

This is how the structure of DAOStacks be created

The GEN Tokens

The GEN Tokens would be used as reward for fulfilling the smartcontracts and conducting business of completing tasks on the DAOStacks .

The GEN Token Economy would play the role of what fiat money plays in the real world.
To ensure that corruption can be checked in the DAOStacks environment a reputation system would be in place where the reputation of a person involved would decide his decision making powers. Since reputation is built over time and cannot be bought and sold therefore it would help the system work smoothly.