Geoma DAO

DAO is a new paradigm of economic cooperation. As the name implies, DAO is fundamentally different from ordinary companies in a decentralized structure and autonomy.

Decentralization means the horizontal structure of the company. DAO does not have a single owner or board of directors, each member of the organization is a full joint owner and has the same power and unlimited access to information.
The tool for ensuring such structure is the blockchain. Blockchain, in this case, is the company's electronic registry, which is managed and authorized by all network participants.
Autonomy is guaranteed by independence from traditional financial and political institutions, and the replacement of ordinary money with cryptocurrency plays an important role in this regard. Like any blockchain system, it can automatically be classified as DAO, because it has a decentralized structure, and most of the processes in it are autonomous.

In addition, the DAO system makes corporate jurisprudence unnecessary, because all interactions between the two DAOs are carried out using smart contracts - software infrastructure that sets game rules that are acceptable to most participants and ensures ease in completing contracts, making transactions, etc. In its completed form, DAO is not only fully autonomous but also maximally or fully automatic.

In fact, there is no hierarchy at all. Of course, every time you gather employees into a group, a certain relationship policy starts operating, but all the same, the organization doesn't have the rigid management structure that most of us do.

What is DAO?

DAO is a combination of computer code, blockchain, smart contract, and people.
This system works according to certain rules set by the creator of DAO.
If you do not enter into the legal aspect, then DAO has its own «shareholder». They have tokens, which reflect their participation in the company.

How DAO differs from ordinary organizations
At DAO there is no board of directors and senior management. Token holders have the right to choose "for" and "against" every decision in the company.

When you stay in a company that works according to the DAO model, you don't just become employees - they make contracts with you based on the project. After this, the terms of the transaction are discussed among other employees of the organization, and a vote is taken.

Why DAO can revolutionize

So, you send your resume to DAO, approve your nomination by voting, and now you get down to the project, which has to be completed on time, according to the allocated budget.

In a typical organization with hierarchy and control, this problem is solved by office policy. Maybe your boss or HR will contact you. Colleagues will be offended and grumble to you. This method of solving problems is too slow, inefficient and causes a lot of conflicts. It only destroys the company's core values.

True, the first attempt to use DAO turned out to be unsuccessful which meant fully autonomous DAO investment funds based on Ethereum

If there are traditional companies that rely on a network of legal, financial and political instruments provided by state institutions, then the DAO uses a horizontal and autonomous digital structure, which embodies the classic notion of cyber anarchism. However, this correspondence does not interfere with the use of DAO in the framework of a classical commercial structure, for example, for partial automation or optimization of operational processes, whether it is accounting production or corporate legal support.

Compared to traditional companies, DAO gives its participants greater control over their own investment and general corporate courses. But because the DAO infrastructure itself is based on the latest experimental technology, decentralized organizations are more vulnerable to hacker attacks and software bugs.This is why we created The Geoma DAO.

For more information, please visit the link below:

Website: https://www.thegeomadao.com/
Twitter: https://twitter.com/thegeomadao
Telegram: https://t.me/geomachat
Linkedin: https://medium.com/@thegeomadao
Medium: https://medium.com/@thegeomadao
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=2681164
ETH Address: 0xF9A43365Ea69FD10b553bDfca1B3d04CdeB39B91