Daostack

Ever since creation, man has always sought out ways to improve. From the Bronze Age to Computer Age, this adoption of new practices to progress has been the norm.
At a point alliances were made to thrive. First clans, then tribes, and in modern times companies are formed by like-minded individuals.
All these factions connect in an intricate network to form the business ecosystem.
Different organisations with different backgrounds have always collaborated to achieve a shared goal.
Eg Uber and Spotify working together to give customers a lovely trip experience
Or H&M + Versace bringing cheap luxury to the masses. These collaborations allow us to scale up our solution-finding capacity.

But the inherent nature of man is untrustworthy. So the question arose, how do we work with people without trust?

The blockchain provided a much needed solution. It all started with Bitcoin. We could transfer value from one person to another without the much unwanted middleman, and with your private key and the ledger being public u didn't have to trust the person at the other end or compromise your privacy or security.

Then came Ethereum which allowed the creation of Decentralized Apps (Dapps). These many blockchain technologies mostly only focus on production> shilling > adoption > growth. The problem with this is that at a point there are too many voices with reasonable ideas but not all can be applied at the same time without counteracting each other. There is also no clear defined way of selecting whose idea gets implemented first without favouritism coming in. So in the end the need for a governing protocol is needed in these organisations.

DAOs without governance

Fret not, a solution is already forth coming.
The brilliant minds of Matan Field and Adam Levi have put together a framework
Called Daostack. It's a clever wordplay for "stacked DAOs".

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For the non geeks, a DAO is a Decentralized Autonomous Organisation.

This can be a company running a

• Decentralized database
• Decentralised social media
• Decentralised business centre and many others

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So what is DAOstack?

DAOstack is a digital framework on which Decentralized applications and platforms can be built.
It utilizes Ethereum smart contracts.

DAOstack can be aptly described as the WordPress of DAOs. This is because WordPress is a well equipped template and foundation on which any blog or website can be built. Addons, widgets and plugins can be added or removed to further develop the final site to the taste of the owner.
That is how DAOstack provides the foundation layer for Decentralized Autonomous Organisations to build and interact with one another.

Unlike most other platforms, DAOstack is not built to follow a particular set of protocols. But is developed to be agnostic and be the basis or bedrock for multiple ecosystems. This enhances scalability and resilience of the network.

In DAOstack small groups also have say as opposed to the majority consensus in other platforms. Using "holographic consensus" small groups can even make decisions on behalf of the majority.

Importance of DAOstack

We are being hit with a plethora of new technologies everyday. And every wise business mind knows that when the market is saturated, prices will begin to fall. And this will lead to loss of value.

So how do we preserve value or even improve it while allowing new technology to flourish?
DAOstack aims to create an alignment between the interest and benefit of the individual and the interest and benefit from the collective. DAOstack is bringing the power of collaboration to the people.

What Does DAOstack Offer?

DAOstack enables the effective governance of self-organizing collectives. DAOstack provides a platform for collective companies or organisations to share goals or contribute to shared interests.

Synergy between DAOs

Unique Features of DAOstack

Blockchain governance - DAOstack believes Decentralized governance based on smart contracts will enable faultless execution of crowd decisions.

Programmatic cooperation - DAOstack aims to utilise crypto-economic incentive designs at the individual level to empower frictionless cooperation at the collective level.

Holographic consensus - With DAOstack, effective decision-making coherent with the will of the greater majority is possible. This enhances token velocity to increase stakepower.

DAOstack Ecosystem

This is a stack of modular characteristics, all open source with varying degrees of functionality.

Arc - base layer. Pieces of governance are represented by smart contracts. Written in solidity code.

For flexibility
Arc.js is written in Java code.
Archive contains stored registeries used to enhance inter-operability between the DAOs and apps using Arc and Arc.js

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Alchemy - This is the user interface with which users can interact with the DAO stack. It is the first application built on the stack.
Alchemy is a major utility application. With it, users can create DAOs, allocate resources and budget plans, create erc20 tokens and invite others to be involved in community operations such as decision making and idea-sharing.
The early versions of Alchemy will allow users to put forth proposals and when approved, funds will be transferred automatically via smart contracts.
Alchemy will have many lovely features such as customization, mobile support, integration with other collaboration tools and bounty systems.

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What Makes DAOstack So Special?

To the well informed crypto-savvy eye, DAOstack comes in as a hybrid of two earlier released platforms (Aragon and Augur) with the best features from both and none of the weaknesses.
While Aragon are working backwards to revert their single protocol settings, DAOstack takes a different approach by building from the ground up. DAOstack provides a digital soil in which the seeds of diverse DAOs can be planted. DAOstack also utilises prediction algorithms similar to Augur which can come in handy when a poll is to be taken or decision is to be made.

Use Case

Let's say company A has been taken over by a new owner who cares about the welfare of the company and issues a poll to know how the workers feel. Each office has a heiracy and your place on the heiracy determins the value/weight of your vote(messengers and cleaners - 1pt, office workers - 2pt, supervisors - 3pt, managers - 5pt etc), obviously the higher your level, the more you can influence the results. The managers can all connive to vote for a change that only favours them. With DAOstack, the CEO will appoint certain members of the organisation at different levels who will stand as reputable voters and whose votes will equally weigh as heavy as the top level staff. These reputable voters will gain their reputation based on recognition of their beneficial input to the benefit and integrity of the organisation. This way the real voice and opinion of the workers will always be heard.

All votes matter

Token Economics and Financial Feasibility

The market cap is set at about $30million
DAOstack already has some good partnership, most notably Endor.
They are close to launching unlike others who have done ICOs but are yet to put out a mainnet. They have drawn a serious roadmap and set to launch their first application soon.

DAOstackToken

The native token of the DAOstack
platform is GEN. Basic operations across the DAOstack ecosystem – such as promoting proposals – will require the spending or holding of GEN. GEN will represent staking power and give authority to opinions in the matters of governance.

GEN will be distributed to contributors of value through the DAOstack
framework itself, incentivizing development, promotion and adoption. DAOstack ecosystem will also have a reputation system to combat abuse by large token holders. This reputation can neither be bought not sold but is earned by actively participating and contributing to the network.

The DAOstack - ethereum smart contract can be found here

Token sale was completed successfully on the 12th of May, 2018.

The Team

One thing that is noteworthy about this project is that it is spearheaded by geniuses. From Matan Field and Adam Levi (CEO and Cofounder respectively) who are both Ph.d holders in theoretical and mathematical Physics, to Head Researcher Primavera Dr Filippi(Havard Researcher) and others. They have between them a formidable think-tank_esque collection of experience and knowledge from various tech fields to advanced calculations and management.

Their advisers also include some media and blockchain superstars like Martin Koppelmann(CEO of Gnosis), Yoni Assia(CEO of eToro.com), Jordan Greenhall(Co-founder and ex-CEO of divx) and Daniel Schmachtenberger(Co-founder, Neurohacker collective).

Final Thoughts

Daostack is the first platform to provide a solution to the uprising problem of governance in Decentralized Autonomous Organisations. Their approach focuses on practical application and not empty promises aimed at gaining wealth without providing solution. Their team is solid and they are backed by many big names. They have already taken proactive steps to secure contracts with Big names such as Endor.
While this is not to be taken as financial advice, I would say the project is well thought out and will be ideal for investment. As with all blockchain innovations, early adoption is key to profit.

For more information, you can visit the Daostack website here or read their whitepaper here

If you're like me and excited about their work, you can head over to any of their social channels and interact with the team.

Telegram
Twitter
Reddit
Newsletter
GitHub
Medium
YouTube

Also interested investors can check out their Token sale FAQ

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Helpful and Interesting Videos Relating to the DAOstack Project

Daostack Introduction video

Daostack Commit History

Matan Field's Ted talk

AMA with Matan Field

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Unless otherwise stated, pictures were adapted from DAOstack whitepaper

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This is a submission for the @originalworks contest here

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