Article: Decentralized Autonomous Organization – Core Concepts

Blockchain, Decentralized Internet, Web 3.0

Decentralized Autonomous Organization – Core Concepts

The concept of DAO (Decentralized Autonomous Organization) has been known since 2013, when the co-founder of EOS, Dan Larimer, first mentioned the term. Currently DAO has become one of the most innovative Blockchain-based concepts. The main philosophy of DAO is to create an organization without the centralized control.

Simply DAO is a smart contract, where all rules are written in the source code instead of the piece of paper. All decisions in DAO are made in a completely democratic manner by the vote of its shareholders according to the previously established rules. These rules are adopted by all participants, at the moment of DAO creation. In other words, DAO does not have top-down hierarchy, there is no centralized power.

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Article: How decentralisation and tokenisation could revolutionise society

Civil Society, Decentralized Internet, Web 3.0

How decentralisation and tokenisation could revolutionise society

One of the most important real-world applications in decentralisation-of-things are decentralised autonomous organisations or DAOs.
These are entities that are programmatically leaderless, anonymous, and decentralised.
In simple terms, DAOs are organisations that are governed by programming language and can function autonomously without human managerial activity and without interference from any governments.
This is contrasted with traditional organisations that must comply with local laws and involve delegating decisions to key agents who might act against the organisation’s interests.
The latter problem is what economists term the “principal-agent” dilemma.
DAOs promise to solve this problem since they do not have chief executive officers or managers to steer the organisation; instead, members self-govern and vote collectively on all decisions which are immutably recorded unto the blockchain ensuring tamper-proof bookkeeping.

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Article: Can Power be Incorruptible? Decentralized Autonomous Organizations for Government

Blockchain, Decentralized Internet, Governance

Can Power be Incorruptible? Decentralized Autonomous Organizations for Government

I could wrap up with my rambling summations: This is a real step towards decentralisation and an architype for a model which Governments themselves could look to for future adoption. But why not end with the words of speechmaker extraordinaire, Gerard:

“What we want to create, ultimately, is a fabric of people in decentralised working groups and chapters, and, from their efforts, bring together a fabric of technology to really establish an interdependent and interconnected world which benefits us all.”

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Article: ParaState successfully closes a $5-million strategic fundraising round

Blockchain, Web 3.0

ParaState successfully closes a $5-million strategic fundraising roundParaState successfully closes a $5-million strategic fundraising round

Substrate-based blockchains are popular because the framework provides the scalability and interoperability required for next-gen Web 3.0 platform deployments. With ParaState’s Pallet SSVM, any blockchain can become Ethereum-compatible while taking full advantage of the best-performing WebAssembly ecosystem optimized for Web 3.0. Rather than try and reinvent the built environment, over 100 projects are already building blockchains and decentralized applications on the Substrate framework for Polkadot and other interoperable ecosystems using ParaState’s one-stop friendly development environment.

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Article: DeFi insurance: Why buy coverage for your digital assets?

Blockchain, Crypto, Decentralized Internet

DeFi insurance: Why buy coverage for your digital assets?

The traditional insurance market today is valued at over US$6 trillion. As institutional capital flows into DeFi and the risk of theft grows, DeFi insurance will become necessary for more investors.

With flexible liquid coverage and customizable options available, there are packages for every type of investor. Even if you’re someone parking a moderate amount of capital into crypto, consider hedging your risk and protecting yourself for events outside of your control.

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Article: Is this the future of how companies and organizations will be run?

Blockchain, Innovation

Is this the future of how companies and organizations will be run?Is this the future of how companies and organizations will be run?

Companies, open-source projects, foundations, hedge funds and NGOs are among the entities that can be created and managed through the Idavoll Network.

Basic functions such as shareholder votes, disputes and accounting matters can be executed with ease — and the organization’s behavior and operating rules are enshrined through the use of smart contracts, delivering “openness, fairness and justice” to all.

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Article: Web3 As An Interdependent Economy: A Conversation With Mat Dryhurst

Web 3.0

Web3 As An Interdependent Economy: A Conversation With Mat Dryhurst

“I got involved in culture through a desire to see new ideas, or configurations of activity, stress tested in the world. So while I’m cautious about the majority of activity in the blockchain space, in my mind there is only one space currently showing a serious commitment to democratically governed user owned protocols, fair payment for digital labor, data unions and revaluing the arts, and that is the Web 3 space. So I will continue to try to contribute my thoughts and efforts.” – Mat

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Article: Evolving the DAO: How decentralized companies can dominate Web 3.0

Blockchain, Web 3.0

Evolving the DAO: How decentralized companies can dominate Web 3.0Evolving the DAO: How decentralized companies can dominate Web 3.0

Decentralized autonomous organizations — known as a DAO for short — have become a mainstay of the crypto world.

The rationale behind DAO is to enable companies and organizations to fully function without the need for a hierarchical management structure. As this Cointelegraph guide explained, it’s like a vending machine delivering a snack in exchange for a bundle of coins — and then automatically using those funds to reorder stock. There’s no need for human involvement in keeping the machine running, as all of the processes it needs to function are pre-written into code.

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