Mankind has been searching for ways to increase the level of cooperation and coordination. The internet is the most advanced organization that lacks coordination and global peer production. The blockchain has made it possible to by proving the open and programmable accounting systems thereby advancing to the creation of the decentralized autonomous organization (DAO).
what is DAO?
DAO is a self-organized network that is coordinated by the crypto-economic incentives and also the self-executing contract. Users can make incentive from the open shareable resource such as open source code and music files.
Mankind has been searching for ways to increase the level of cooperation and coordination. The internet is the most advanced organization that lacks coordination and global peer production. The blockchain has made it possible to by proving the open and programmable accounting systems thereby advancing to the creation of the decentralized autonomous organization (DAO).
WHAT IS DAO?
DAO is a self-organized network that is coordinated by the crypto-economic incentives and also the self-executing contract. Users can make incentive from the open shareable resource such as open source code and music files.
Features of decentralized autonomous organization
DAO agencies are where the DAOs are developed. These DAOs has its own token and reputation systems. they have verified rules that should not be broken. The DOA does not have a single point of control there is also indirect coordination between agents.
SCALABILITY
Common features of legacy organization are the sub-scalability as the grow in number of agents which larger number of decision to make they become less effective. The DOAs are super-scalable they have the ability to to be very effective, and also to increase the free market.
DAO TOPOLOGY
In the assembly mode large number of agents are interacting in decision making within a single agency using smart contract reputation and decision making power which is distributed fairly.
The FRACTUAL FEDERAL GOVERNANCE
This is an agency with few agents who are also agencies. This is a network of agencies that are interwoven with other DOAs.
Open organization
The opening up of shared resources is not common with the current network this is possible with the DOA also made effective with the use of rewards such as incentives.
HOW DAO IS RELEVANT TO ORGANISATION
Just like shares during voting between shareholders the shareholder with the highest percentage of shares has more influence on decisions taken while in the case the individuals reputation has influence on decisions during voting on proposals
Features of decentralized autonomous organization
DAO agencies are where the DOAs are developed. These DOAs has its own token and reputation systems. they have verified rules that should not be broken. The DOA does not have a single point of control there is also indirect coordination between agents.
SCALABILITY
Common features of legacy organization are the sub-scalability as the grow in number of agents which larger number of decision to make they become less effective. The DOAs are super-scalable they have the ability to to be very effective, and also to increase the free market.
DAO TOPOLOGY
In the assembly mode large number of agents are interacting in decision making within a single agency using smart contract reputation and decision making power which is distributed fairly.
The FRACTUAL FEDERAL GOVERNANCE
This is an agency with few agents who are also agencies. This is a network of agencies that are interwoven with other DOAs.
Open organization
The opening up of shared resources is not common with the current network this is possible with the DOA also made effective with the use of rewards such as incentives.
REFRENCES
FIRMO WHITE PAPER: https://daostack.io/
FIRMO WEBSITE: https://daostack.io/
DAO stack 2018