INTRODUCTION
Since the dawn of Mankind, one of it's greatest challenges has been the challenge of ensuring that the scale of cooperation is directly proportional to it's ever increasing organizational structures. With the advancement of the blockchain technology, we have been able to come up with a reliable system of accounting thereby leading to the invention of the Decentralized Autonomous Organization (DAO).
What are DAOs?
The major driving force for organizational growth is to increase efficiency with respect to external market forces. The building blocks of DAOs are smart agencies. A smart agency is an atomic governance unit that is operated with smart contracts on the blockchain. It has its own token economy, its own credibility score system and it's own governance system.
DAOs are self-organized networks coordinated by crypto-economic incentives and self-executing code.
Agencies operate smart contracts on the blockchain. They follow verifiable rules that cannot be broken. They may not be Autonomous, depending on the chosen governance system. A DAO is a centerpieces mesh network of agencies, which is also an agency itself.
The DAO Stack
DAOStack is an operating system for DAOs. With DAOStack, open-source content creators can jointly create DApps, while distributing individual ownership in the product to contribute value.
DAOStack provides the foundational tools for the creation, operation and governance of DAOs (An operating system for DAOs), within a broader ecosystem. The DAOStack ecosystem is made up of numerous distinct but connected DAOs, interacting with one another.
Animation video
ARC
At the core of the DAOStack is the Arc framework - a modular and adaptive framework for governance and collective value management over the blockchain. The Arc framework allows the creation and effective functionality of web organizations, DApps and DAOs just the same way HTTP (Hyper text transfer protocol) allows the creation and functionality of web pages and applications.
Arc is a general framework for interacting of agencies. It is an open-source, modular and multi-purpose framework. It also comes with an open library of elements. Arc is not limited to a specified set of governance systems, hence, it is easy for third parties to create their own element according to their needs.
Arc.js
Arc is an extended solidity framework which requires a lot of know-how with respect to the smart contract programming language and the Ethereum blockchain. Arc.js is a JavaScript library built on top of Web.js (Ethereum's JavaScript API)
The ArcHives
Arc is the basic operating layer for the DAOStack operating system and the ArcHives are it's shared, curated records. They provide a central location for data integrity and data quality. There are three basic ArcHives of DAOStack:
- Compendium
- Mosaic
- The Hive Registries
Alchemy
Alchemy is the native collaborative DApp ofThe DAOStack operating system. It is an app for crowd management of resources, enabling organizations to significantly boost their decision making capacity.
Alchemy Demo
The GEN Token
Every blockchain ecosystem must have its own token economy, either for storing value or for engaging effective governance. The GEN is the token that drives the effective navigation of the collective attention of DAOs on top of the DAOStack operating system, and in particular the token that engines the prediction games that are critical for holographic consensus and effective governance of large organizations.
Each organization is clearly extraordinary and interesting, every single one of them have their own characteristics, their own particular diverse difficulties and they require a framework that best suits them considering these idiosyncrasies.
What DAOstack is proposing comprises a platform that permits the prompt usage of an administration display that totally acclimates to the requirements of the organization, enabling it to scale its basic leadership process without lessening the productivity of its exercises.
They even offer the likelihood of actualizing this platform without the need to know how to code, so any individual will have no issues setting up the administration framework required, along these lines sparing a considerable measure of time and assets, particularly when this is connected and embraced at a worldwide scale.
This could have a tremendous effect in places where debasement is something that occurs once a day, as political choices and government approaches. By utilizing the stage DAOstack is putting forth, the ordinary debasement in this setting would be moderated and may even be completely dispensed with, while additionally taking into consideration a speedier basic leadership process without overlooking what is best for its members.
DAOstack is fit for achieving this since they figured out how to make sense of a progressive method to control these basic leadership forms. What they did, is actualizing 2 unique factors in an absolutely inventive manner. One of those components just comprises in the measure of cash the client being referred to has put resources into the stage as the GEN token, and the other factor is the reputation said client can acquire by supporting great choices and dismissing terrible ones.
The main factor takes into consideration the clients to attempt and get consideration for specific proposition that are expecting some sort of choice, and the second factor is the one considered when really settling on those choices. On the off chance that clients demonstrations capably they can be compensated with more GEN tokens and more notoriety, which advances the improvement of trustworthiness in the group individuals via naturally rebuffing debasement and remunerating genuine and gainful choices, while just proceeding with issues the truly merit consideration keeping in mind the end goal to choose what is best for them. They named this component as Holographic Consensus and it is the first time something like this is actualized on a blockchain.
In this way, one might say that the DAOstack operating system has some impressive points of interest over the conventional strategies we utilize in regards to the way toward deciding, since it consequently is equipped for taking out debasement from its members, and it can greatly scale without enduring a shot in its productivity, and as said previously, this stage can be received by anybody regardless of whether the individual doesn't know how to code.
Since our reality is always developing and transforming, I consider this stage as future-confirmation since it is intended to change with time because of its voting framework clarified previously. This takes into account its individuals to legitimately pick which changes ought to be connected, how and when, so the advancement in any association can proceed with its proper method and this will enable them to stay in a position where they can use any cutting edge innovation there may be.
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