An autonomous decentralized organization that implements smart contracts is called DAO. In these four quadrants, organizations with managers and workers are traditional companies, and organizations with managers and without workers are companies that use robots. In addition, organizations that do not have managers and workers will not be fully automated using AI, with their operations automated by the blockchain and using robots.
When an autonomous investment fund made in Ethereum raised $ 150 million, the DAO system had a bug in the DAO system that was built on Ethereum, and was worth $ 50 million if the "Ether" virtual currency was stolen. However, this has caused Ethereum to do a difficult thing. The deal was also discussed with the launch of the EthereumClassic cryptocurrency by those who thought it was strange not to ever do The DAO. First, to create an autonomous decentralized organization, it is necessary to separate applications from the underlying infrastructure.
There is a problem with The DAO code, but the Ethereum hard fork is a problem from an unreasonable point of view. The coding program doesn't solve everything, so things that you don't expect can happen. Blockchain has provided a real solution to the problem of having unrelated participants agree on the internet. A mechanism that does not require a trusted entity without a centralized management entity, called "without trust", has become a reality.
The concrete and functional implications are that it is difficult to fake, prevent double payments, and that a smart contract mechanism that can execute is automatically created. From this, the most important thing is the blockchain eliminates the need for a central management system if the significance of the paradigm shift by blockchain is sorted. In other words, the industry has benefited from increasing credit between buyers and sellers and reducing transaction costs, but the blockchain is a challenge for the industry. Eliminating credit increases reduces transaction costs and reduces interest and profits enjoyed by the industry.
As a result, things are easier to buy and sell, transaction costs or friction associated with value transfers are significantly reduced, and business models can change significantly. However, these impacts include those in the medium and long term, and it is very important for businesses to divide in the short, medium and long term and consider how they are affected.
Streamline trading activities
You can check the status of a transaction using blockchain and virtual currency. Existing technology is possible, but blockchain can save you money. In addition, sales companies may be able to quickly collect sales results using virtual currencies. The efficiency of production and distribution systems can be realized by utilizing the blockchain in the supply chain.
Of course, there are cases where existing technology is also used here, so it is necessary to carefully consider which areas are better to use the blockchain.
Prosumer growth
The distance between producers and consumers is getting closer, and the number of consumers who have traditionally been increased by the Internet will increase. Just as demonstration experiments have been conducted with electricity exchanges, the number of customers will increase and exchanges with electricity. Supermarkets may be able to identify electricity providers and offer coupons in exchange for electricity, which can strengthen the relationship between supermarkets and consumers.
How does it change?
Or it might increase the possibility of reducing the number of professions, such as lawyers and tax accountants, who have also been influenced by AI. Blockchain will eliminate the need for intermediaries, which can increase the number of people and independent entrepreneurs. Until now, it has been said that having an organization with a number of functions and resources makes it more meaningful to have an organization because of lower transaction costs. This is "theory only"
If so, the traditional pyramid type management system will be transformed into an open management system and an autonomous decentralized organization.
GOVERNANCE
In our opinion, this contradicts the core definition of what is meant by the Decentralized Autonomous Organization. Every document carried out in the physical world by a third party operator will be given an id through the Blockchain and will be accessible to DAO members through the Membership portal. Because of the nature of our project, we chose not to come up with finished products. We want to build the most decentralized.
The Common Sense determines that DAO members must propose and choose the Blockchain to be built. Or Build a completely new Blockchain. To have a perfect governance flow, DAO must also have a Representative. These are individuals from within the community who stand out through their activities and commitments.
Representatives have a role, inter alia, to move, when there is danger in the Network, complete this and keep the workflow at a high standard. In the event of danger, as we have seen recently, a power outage or internet blackout by the government, or other causes, Representatives will have access to archives stored on various servers as a safety measure for contributors.
GMD TOKEN MODEL
GMD - ERC20 Token must be seen as a Utility Token. This gives the Token Holder the right to propose, vote, and take part in activities in the Network. Let's look at what the SEC said in the Code. As the Howey test shows, «investment contracts» exist when there is an investment in money in a company along with reasonable expectations of profits derived from the efforts of others.
No, because these efforts are joint efforts by the entire Network. However, DAO will have a second Token Model and this Model will become Security. GMDST tokens will be released to Members after real-world project implementation has been chosen. This token has Ownership and Sharing Rights.
GMDST will always be supported by Tangibles such as Land, Buildings, Water, Forests, Food as well. In this case the Token will have a relatively stable value, giving certainty to the Token holder that the investment is guaranteed. Along with the GMDST Token, a Certificate of Ownership is also present. The ID will always be connected to the Smart Contract and can be verified in Block explorer. Buyers can easily verify their authenticity.
Certificates can also be printed and stored in safe boxes.
DISTRIBUTION AND TOKEN PRICE
000 GMD will be used for the Bounty, Airdrop and Exchange Liquidity Programs. 000 GMD will be distributed to initial contributors and founders. 000 GMD will be distributed to contributors.
1 USD / 1GMD the price of IEO
GMDST Token holders will get monthly benefits from DAO projects.
ROADMAP
2016 2019 - Research of over 2000 Blockchain Projects and their possible impact in the Economy
2019 September - Creation of the GMD ERC20 Token in compliance with the SEC Howey Test
2019 December - Launch of the Geoma DAO Website and Media Channels
2020 January - Preparation for the Airdrop and Bounty Campaign
2020 February - Start of the Bounty and Airdrop Campaign.
2020 March-May - Formation Phase of the DAO.Vote on the best Blockchain for DAO usage.First Project Proposals.Vote on Projects
2020 May-June - Begin of Project implementation.Listing preparations.Proposals and Vote for the best IEO Exchange.
2020 June-July - IEO.Building Structure and Community.
ACCURATE INFORMATION
Website : https://www.thegeomadao.com/
Whitepaper : https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view
ANN : https://bitcointalk.org/index.php?topic=5216619.0
Telegram : https://t.me/geomachat
Twitter : https://twitter.com/thegeomadao
Youtube : https://www.youtube.com/channel/UCys4E09zDz9xjlyKiBZwr_g?view_as=subscriber
Github : https://github.com/Arthur267
Medium : https://medium.com/@thegeomadao
Linkedin : https://www.linkedin.com/in/geoma-dao-b0a612189/
AUTHORSHIP
Bitcointalk Username: GAGANGSAPU
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2603899
ETH Wallet Address: 0xeC7D9f98CC8561A9983367488D25d486AE3980a4