The herculean and excruciating problems companies face is centered on lack of core values which are usually the strength of any organization.
Some of these core values include:
Transparency
Collaboration
Agility
Innovation
Productivity
Majority of existing companies, undoubtedly lack these features which could have contributed to their growth and development.
Many of our companies lack these features and dwell in a state that is in close proximity with failure. This is very challenging and needs a solution.
If you are careful to notice, you will find out that many companies have even folded, because they lack the basic core values to propel them to that height
It is surprising to see the blockchain coming to the rescue of this problem, am quite excited about it though
Going back through memory lane, I had an uncle who had problems putting together his company due to this disparity and inadequacy highlighted above
I wish i knew about blockchain technology and DAOstack. Maybe we could have savaged that situation.
Now there is a future and hope for companies
Introducing DAOstack
Source
DAOstack have come to support companies and organizations that are decentralized with their collective approach so as to build a functioning ecosystem with an entirely new toolkit that coordinates certain task of human being's with a fully open architecture that brings more eyes on the code.
DAOstack serves as the basis for the creation, operation and governance of DAOs, internally and externally within a broader ecosystem.
Basically for decentralising decision makings of companies which are willing to utilize it.
It is built on the Ethereum blockchain and aims at bringing the power of collaboration to the people, which might be the workers of a company or any other person, making it accessible to virtually everyone to work together as a team.
Because it is accessible to everyone, it will bring about a revolutionary change to the mode of operation of such companies, thereby helping them to subdue or completely eliminate the problems they are being faced with, and this, in turn, brings about success resulting from the growths and developments of such companies.
It isn't easy making decisions, as humans we all have various decisions and ideas concerning a matter and when you make it as a head of a body you want your opinions and suggestion's to stand even when funds are involved in a project.
With DAOstack the aim is making fast and innovative decisions for companies and organizations.
Imagine cooperation been the winning strategy in an economy, it would be easier to achieve more outcomes and higher gain and in fact lesser failures from unsure ideas and opinions in a self-organized collective.
ADVANTAGES DAO HAVE OVER TRADITIONAL ORGANIZATIONS.
Incorruptibility.
This comes to mind when we talk aboyut traditional companies, but DAOstack is revolutionized to be incorruptible, which guarantees undaunted success and scalability.
Lets say it is an incorruptible judge…hahaha
Efficient and well developed.
For a blockchain technology like DAOstack, every single feature that makes it priceless has a top notch development. The team I mentioned below has excellent reputation in blockchain technologies
Also, with the features of this technology, one is sure that efficiency is guaranteed. Also, many Traditional organizations do not support a collective decision-making, DAO does and this will greatly contribute to the rapid growth and development of the organization.
Users protocols have a place on the blockchain.
Everyone has something to offer. See it more from a cooperative point of view, where everyone is a stakeholder in the process. Ideas are collectively generated and this is the required power to fuel any business you can ever conceive in your mind.
Others include
Smart contracts can be used to vote on decisions.
Presence of preprogrammed processes that enable the system to evolve, etc.
Absence of intermediaries that create inefficiencies.
Faultless execution of crowd decisions, frictionless cooperation at collective levels, rewards are in proportion to the value they contribute.
FEATURES OF DAOstack technology
Collaboration
You can never undersestimate the power of collectiveness. DAOstack offers a platfprm where everyone involved is a player. This was the killing factor in my uncle’s business, he never gave room for third party advice. DAOstack is bringing an innovation that welcomes participants ideas, everyone brings his or her own decision to the table. No man is a compendium of knowledge, so the ideas are being averaged and the best one is picked to bring about EXCELLENT RESULT
This collaboration is seriously lacking in business. DAOstack is here to heal and make anew.
Reputation System
Just like repuations in steemit, DAOstack has incorporated a reputration system where voting weights are functions of it. The reputation system shows how powerful or influential a user is in the blockchain technology.
Others include:
Interoperability
Modularity
Upgradability
Simplicity
Openness
Generality
The GEN TOKENS
Like most blockchain technologies, there exists a token. This token is an etheruem based token that facilitates transactions on the blockchain. It is used for stake on predictions pertaining proposals done in DAOs.
This token will be distributed to creators of value through framework processes, the token will also facilitate and encourage users to flood into this revolutionizing platform
Source
ADVISORS AND THE TEAM
Advisor daniel
Daniel Schmachtenberger
Co-founder, Neurohacker Collective. Founder, Critical Path Global. Evolutionary philosopher and integrated systems strategist.
Source
Advisor jordan
Jordan Greenhall
Co-founder and ex-CEO of Divx. Co-founder of MP3.com. One of the leaders of the Deep Code movement.
Source
Advisor yoni
Yoni Assia
Founder and CEO of eToro.com. Board Member of Meitav Dash. One of the pioneers of crypto trading.
Source
Advisor martin
Martin Köppelmann
Co Founder and CEO of Gnosis. Entrepreneur and thought leader in the blockchain space
Source
This is my entry for original work contest
More information
DAOstack Website
DAOstack Summary
DAOstack WhitePaper
DAOstack Telegram
DAOstack Twitter
DAOstack Reddit
DAOstack Newsletter
DAOstack Github
DAOstack YouTube
DAOstack Token Sale FAQ
daostack2018