Blockchain's evolution is gradually bringing solutions to all sectors of the economy including the healthcare sector, banking, musical and now, the governance sector. In the governance sector, what needs to be eradicated is that aspect of corruption and inhumanity which features the use of money or influence to manipulate things in a way it ought not to be. So the use of DAOSTACK in big firms like award giving firms, business firms, big companies and even firms that wants to build a decentralised applications system on the blockchain network, would really help to eradicate all forms of corruption in the general system, ranging from bribery to using influence in most situations.
This new technology based on the blockchain will also remove the 3rd parties or mediators found in the organizations or firms so as to make the system of voting more efficient without partiality.
DAOSTACK IS SET TO CHANGE THE PHASE OF THE GOVERNANCE SECTOR
With the use of the concept Daostack intends to use, outstanding figures in a community, firms or organization are usually seen as an ordinary floor member, in the sense that if he or she is not considered to be fit by this new technological system, it automatically means that person cannot emerge as the leader or winner of that organization, firm or company.
Let's take for example, if elections are being held using Daostack's operating system, it will make sure that the next person emerging as the leader of a particular firm has all the qualities of a good leader irrespective of how famous or rich that person is. So, we can now see that this system eradicated all forms of corruption to replace it with fairness in all our endeavour.
Another example could be found in music award nights. Top musicians are now fond of using their influence in the music industry to trample foots on upcoming artiste, even though the quality of their songs doesn't meet up the expectation required, they are being chosen as the winners of different award categories, leaving behind artistes that added impact on the society with nothing to go home with. This is why Daostack plans to eradicate completely from the surface of the earth.
Come to think of it, in General, DAOstack systems will be used to create new organizations as it automatically eliminates the use of legal experts(i.e 3rd parties). Even old organizations shall be revamped overnight using this system. The son of the CEO cannot be given the opportunity to take over his father if the systems considers him not to be fit enough for the task ahead. So I hope we can understand that this system is about openness the end result that is acceptable to all. Real democracy in governance can be achieved via this system.
NOW WHAT DO WE MEAN BY DAO?
It is a form of web organization that has the ability to organize and co-ordinate a large number of people. The acronym stands for decentralised autonomy organization.
DAOSTACK
A digital framework on which decentralised applications and platforms is built which uses an ethereum smart contract, otherwise known as WORDPRESS OF DAO's.
DAOSTACK is developed to be agnostic which enhances scalability and resilience of the network. Due to the ever increasing rate of new technologies on the blockchain network, prices may fall which will lead to loss of value. But DAOSTACK aims at preserving and improving the new technologies by aligning between the interest and benefit of the individual, thereby, bringing the power of collaboration to the people.
DAOSTACK offers a good range of effective governance, and as well provide a platform for collective companies to share goals and contribute to shared interests.
DAOSTACK's FEATURES ARE DIFFERENT FROM OTHERS IN THIS SENSE
Holographic consensus: Effective decision making is coherently unified with the will of the majority which enhances token velocity to increase stakepower.
Programmatic cooperation: At the individual level, DAOSTACK will utilize crypto-economic incentive designs to empower frictionless cooperation at the collective level.
Blockchain governance: Decentralized governance based on smart contract will be used by daostack to execute faultless crowd decision whose ecosystem is made up of arc.js(written in java code), archives and alchemists.
DAOSTACK uses a native token called GEN which uses basic operations like
Promoting proposals - it requires the GEN token to be spent or held depending on which option the individual decides on.
The brains behind this project are renowned geniuses in the blockchain industry.
Matan Field and Adam Levi(CEO and co-founder of DAOSTACK). Both of them are Ph.D. holders in theoretical and mathematical physics and as well other great thinkers are added to the team.
Advisers include:
- Martin Kopplemann
- Yoni Assia(etoro's ceo)
- Jordan Greenhall
- Daniel Schmachtenberger.
To learn more about this project, you can visit their website on
(https://daostack.io/)
(https://daostack.io/deck/DAOstack-Deck-en.pdf)
(https://daostack.io/wp/DAOstack-White-Paper-en.pdf)
(https://t.me/daostackcommunity)
(https://www.reddit.com/r/daostack/)
(https://twitter.com/daostack)
(https://daostack.io/#)
(https://github.com/daostack)
(https://medium.com/daostack)
(https://www.youtube.com/channel/UCX4GNxoP4GdGQk7pUp0j6JA/videos)
(https://medium.com/daostack/daostack-token-sale-announcement-faq-ea3cd125a900)
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