How does DAOstack work
In the DAOstack operating system, large scale organizations are made from small units called agencies. These agencies consist of individuals which is called agents. This agents can submit proposals that require and answer in “YES” or “NO” and the voting on that proposals made by other agents internally within the agency.
Every agent has a voting power symmetrical to other agents reputation within the agency.
When a proposals are made, they wait in a queue to be voted upon. When there is a proposal in the queue, it considered to be OPEN. And once a proposal is open, it will be closed in a finite set of time. The amount of time being decided by the rules of the agency. If the majority change the statues from “YES” to “NO” on last day of the proposal, the proposal will still open for another day. And this process will continue till the majority does not change on the last day given. And after it, the proposal will considered to be as CLOSED.
DAO ecosystem
Arc
The base layer of the stack is called Arc. It consists of bits and pieces of governance infrastructure, which is mentioned before. It is a library based on Ethereum blockchain, which enable state of the art enterprises to be easily deployed.
Arc.js
Arc.js is JavaScript library that enable front-end developers to easily create and build applications on top of Arc.
Due to Arc.js, any organization has the option to build a custom interface which is suitable to its own use cases.
Application layer
Most of the users of DAOstack may not be a software engineers or blockchain developers, but rather they participate in decentralized organizations. This individuals will be interacting with the DAOstack primarily through the DApps, which is built on Arc and Arc.js.
Alchemy
The first ever application being built on the DAOstack is Alchemy. Alchemy is instinctive user interface for resource allocation and budgeting for decentralized enterprises.
Alchemy is simply a user interface, which is compatible with multiple applications.
Arc.Hives
Arc.Hives are set of shared registries, which is designed to enhance interoperability between DAO’s & DApps.
Hive is a registry of offers used to enhance the sharing of resources throughout the DAOstack ecosystem.
Some realism for you.
We have the availablity to bring a ton of things onto a decentralized MORE TRUSTED network. Imagine if charities were able to be trusted entirely. We could know that people are being helped at the most efficient level. With DAOstack we could have a decentralized version of Yelp or Trip Adviser. If you want to take it to an extreme than imagine this, 50,000 scientist on a collaborative climate project having a decentralized system! We could literally change the world for the better with DAOstack. These examples and more can be seen on their summary page and you can visit that here:
https://daostack.io/deck/DAOstack-Deck-en.pdf
Learn more by checking out this awesome video!
DAOstack is on the ETH blockchain and its purpose is not for a specific application but for us the people as a collective to make decisions on a large scale. We as humans need this because it is a positive thing for the interests of the collective of people. While doing business and in life we have a similar goal and DAOstack makes this something that can help us bring things together. Blockchain technology has been the future and will continue to dominate and this is just another example of the future unfolding in front of our eyes.
DAOstack Development team
The best minds of Israel, United States of America and other countries together put joint efforts in the DAOstack project. All of the team members have successfully implemented some decentralized management systems. All of them have a better idea of decentralization.
If you want to learn more about DAOstack and the concepts behind their brilliant plan check out their website:
https://daostack.io/
I would like to thank DAOstack and @originalworks for letting me write about such an awesome concept
You can check out their writing contest about this wonderful company here:
https://steemit.com/crypto/@originalworks/370-steem-60-bonuses-sponsored-writing-contest-daostack
Invest in the future.
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