{"version":"https://jsonfeed.org/version/1.1","title":"Stephen Ajulu","home_page_url":"https://ajulu.netlify.app/","feed_url":"https://ajulu.netlify.app/tags/decentralized-organizations/feed.json","description":"Hello, I'm Stephen Ajulu, a seasoned multidisciplinary tech professional with over a decade of experience. I build impactful solutions using design, tech, and engineering in the pursuit of impact.","icon":"https://ajulu.netlify.app/images/me.jpg","authors":[{"name":"Stephen Ajulu","url":"https://stephenajulu.com","avatar":"https://ajulu.netlify.app/images/me.jpg"}],"items":[{"id":"https://ajulu.netlify.app/posts/what-are-daos-decentralized-autonomous-organizations-explained/","url":"https://ajulu.netlify.app/posts/what-are-daos-decentralized-autonomous-organizations-explained/","title":"What are DAOs? Decentralized Autonomous Organizations Explained","summary":"DAOs are an effective and safe way to work with like-minded folks around the globe.\nThink of them like an internet-native business that\u0026rsquo;s collectively owned and managed by its members. They have built-in treasuries that no one has the authority to access without the approval of the group. Decisions are governed by proposals and voting to ensure everyone in the organization has a voice.\nThere\u0026rsquo;s no CEO who can authorize spending based on their own whims and no chance of a dodgy CFO manipulating the books. Everything is out in the open and the rules around spending are baked into the DAO via its code.\n","content_html":"\u003cp\u003eDAOs are an effective and safe way to work with like-minded folks around the globe.\u003c/p\u003e\n\u003cp\u003eThink of them like an internet-native business that\u0026rsquo;s collectively owned and managed by its members. They have built-in treasuries that no one has the authority to access without the approval of the group. Decisions are governed by proposals and voting to ensure everyone in the organization has a voice.\u003c/p\u003e\n\u003cp\u003eThere\u0026rsquo;s no CEO who can authorize spending based on their own whims and no chance of a dodgy CFO manipulating the books. Everything is out in the open and the rules around spending are baked into the DAO via its code.\u003c/p\u003e\n\u003cp\u003eA comparison:\u003c/p\u003e\n\u003ctable\u003e\n  \u003cthead\u003e\n      \u003ctr\u003e\n          \u003cth\u003eDAO\u003c/th\u003e\n          \u003cth\u003eA traditional organisation\u003c/th\u003e\n      \u003c/tr\u003e\n  \u003c/thead\u003e\n  \u003ctbody\u003e\n      \u003ctr\u003e\n          \u003ctd\u003eUsually flat, and fully democratized.\u003c/td\u003e\n          \u003ctd\u003eUsually hierarchical.\u003c/td\u003e\n      \u003c/tr\u003e\n      \u003ctr\u003e\n          \u003ctd\u003eVoting required by members for any changes to be implemented.\u003c/td\u003e\n          \u003ctd\u003eDepending on structure, changes can be demanded from a sole party, or voting may be offered.\u003c/td\u003e\n      \u003c/tr\u003e\n      \u003ctr\u003e\n          \u003ctd\u003eVotes tallied, and outcome implemented automatically without trusted intermediary.\u003c/td\u003e\n          \u003ctd\u003eIf voting allowed, votes are tallied internally, and outcome of voting must be handled manually.\u003c/td\u003e\n      \u003c/tr\u003e\n      \u003ctr\u003e\n          \u003ctd\u003eServices offered are handled automatically in a decentralized manner (for example distribution of philanthropic funds).\u003c/td\u003e\n          \u003ctd\u003eRequires human handling, or centrally controlled automation, prone to manipulation.\u003c/td\u003e\n      \u003c/tr\u003e\n      \u003ctr\u003e\n          \u003ctd\u003eAll activity is transparent and fully public.\u003c/td\u003e\n          \u003ctd\u003eActivity is typically private, and limited to the public.\u003c/td\u003e\n      \u003c/tr\u003e\n  \u003c/tbody\u003e\n\u003c/table\u003e\n\u003cp\u003eDAO examples\u003c/p\u003e\n\u003cp\u003eTo help this make more sense, here are a few examples of how you could use a DAO:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eA charity – you can accept membership and donations from anyone in the world and the group can decide how they want to spend donations.\u003c/li\u003e\n\u003cli\u003eA freelancer network – you could create a network of contractors who pool their funds for office spaces and software subscriptions.\u003c/li\u003e\n\u003cli\u003eVentures and grants – you could create a venture fund that pools investment capital and votes on ventures to back. Repaid money could later be redistributed amongst DAO members.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cstrong\u003eSource:\u003c/strong\u003e \u003ca href=\"https://learnsomethingnew.substack.com/p/snippet-2-what-are-daos\"\u003e\u003cstrong\u003eLearn Something New Newsletter\u003c/strong\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eGo check out the \u0026ldquo;\u003ca href=\"https://learnsomethingnew.substack.com/\"\u003eLearn Something New\u003c/a\u003e\u0026rdquo; Newsletter.\u003c/p\u003e\n","date_published":"2021-12-03T16:15:00+03:00","image":"https://ajulu.netlify.app/images/de340f456ab84bf89b3f2f12cb423eeb.png","tags":["technology","decentralize","decentralized","decentralized autonomous organizations","dao","daos","decentralized organizations","decentralized organization","decentralized autonomous organization"]}]}