In a world where democracy is the dawn of the day; decisions and the directions of the society are determined by individuals. This has led to creation of organisations and associations; a beautiful reality you'd say however as lovely a centralized organisation control by people is, the human nature can come into play thereby bringing incompetence and corruption to the system. This has led to the introduction of different technologies and one important which is here to bring true efficiency is the DAOstack
DAOstack which means Decentralized Autonomous Organisations stack is a platform that enables the creation of Decentralized Applications which will help organisations with governance solutions. Today, blockchain is one the fastest growing technology in the world due to it's application to all industry. Decentralizing entities seems the way to go and DAOstack offers this to organisations thereby make decision process easier and more efficient base on actual factor without any sentiment.
The DAOstack Technology
DAOs are built with retrospect to the future; that they evolve over time with factors that determine the decisions in organisation. The process implementing the DAO begins with set of rules which over time can self evolve depending on the change in the organisation, this also makes it more efficient than people who have a problems with change.
The Features of The DAOstack
There are features of the DAOstack which aids the implementation of DAOs in easiest of ways; these features help build different aspects of DAOs and in all make up the DAOstack. The first feature is the Alchemy
Alchemy
Alchemy is the first feature of the DAOstack , it is basically a user interface for interacting with the stack
Arc
The ARC is a framework that enables the implementation of DAOs to different organisations. It is a set of smart contracts on the Ethereum Blockchain that represent modules which can be redesign to configure governance protocol for any company. Due to it's simple structure which allows easy development of DAOs, the ARC is often referred to as the "Wordpress of DAOs"
ArcHives
The ArcHives is home to all DAOs and dApps built on the stack, it aids networking and communicating between collaborative dApps built on the DAOStack.
Arc.js
The Arc.js is an application programming interface that enable developers to easily build dApps on the Arc
DAOs & dApps
These are decentralized product of the DAOstack customized to meet the need of different industries over time.
Use Cases of DAOstack
There are a lot ways the DAOstack can be implemented, different industries and field, a few highlights are listed below:
A decentralized association such as a political party can implement the DAOs to set protocols for primary elections so as to decide which candidate is better suited for a particular position, the DAOs will take into consideration actual accomplishments and qualification of candidate and make an incorruptible decision.
A decentralized organisation can also make use of DAOs to management records of payments and also individual details, one important advantage here is the easy ability to upgrade records when there are changes in data.
A media house can also adopt DAOs too decide on the best tyoe of content to pursue and publish to attract their target audience.
Many more industries can adopt the DAOs and that's what makes it very important and amazing.
DAOstack Gen Token
The Gen Token is an attention token in the DAOstack ecosystem, it's basically the token of the stack economy. The GEN can obtain collective human attention thereby allowing them help the DAO decide on which proposal to execute first.
The entire DAOstack is a wonder to behold in the nearest future however that future is now. I look forward to the implementation of the DAOstack in all industries.
Reference
For more information on DAOstack
Visit DAOstack Website
Read DAOstack WhitePaper
Visit DAOstack Github
Follow DAOstack Medium
Visit DAOstack Token Sale FAQ
HERE'S THE LINK TO THE @OriginalWorks WRITING CONTEST.
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