Making every organization decentralized with DAOStack

steemcasper (45)in #cryptocurrency • 6 years ago (edited)

What is DAOStack?

DAOStack? Is a operating system over which DApps can be built. It stands for decentralized autonomous organizations. The idea behind DAOStack is to change organizations are structured and run them more transparently, in a decentralized manner and make them work as modular units that can be scaled without loss of focus or dilution of the organizational goals and values .

The Current Scenario

Organizations are typically run in a way that they have a centralized structure. This means the power to make decisions and choices it is in the hands of handful people. DAOStack is an attempt to change the structure of organizations and the way they are governed. DAOStack gives the developers the opportunity to create blockchain governance to various parts of the organization thus creating a decentralized organization.

The DAOStack structure

DAOStacks consist of Arc, Arc.hive, Arc.js, and Alchemy
Alchemy is the user interface through which the users and the developers would interact on DaoStack
Arc.js you do not know solidity? No problem Arc.js is here you can still develop applications easily. the concept is similar to use of API's to develop applications.
helps the developers to easily develop applications without having to know the native smart contract language solidity.

Arc.Hives is like a registry or an index that would keep the data what all the built and operating Dapps and the DAO's that are built on top of DAOStack.

ARC
This is the first level of DAOStack and is like the foundation. Over Which decentralized apps Dapps and DAO's can be implemented to facilitate functioning of a company and helping it transition from a centralised operation to a decentralized one

GEN Tokens
DaoStacks would use the GEN tokens to transact and perform various functions.