Recommended
Recommended
More Related Content
What's hot
What's hot (20)
Similar to Decentralized Autonomous Organizations.pptx
Similar to Decentralized Autonomous Organizations.pptx (20)
Recently uploaded
Recently uploaded (20)
Decentralized Autonomous Organizations.pptx
- 1. DECENTRALIZED AUTONOMOUS ORGANIZATIONS (DAO) CINCINNATI CRYPTO MEETUP 3/2022 How DAOs will eat the world Btc:$42386 https://twitter.com/shawnlgrubb
- 2. WHAT IS A DAO? DECENTRALIZED AUTONOMOUS ORGANIZATION • Entity with no central leadership. • Decisions get made from the bottom-up, • Organized around a set of rules enforced on a blockchain • Collectively owned and managed by their members. • Treasuries are accessible only with the approval of members. • Decisions are made via proposals the group votes on • A DAO works without hierarchical management • For example: • Freelancer networks where contracts pool their funds to pay for software subscriptions, • Charitable organizations where members approve donations • Venture capital firms owned by a group are all possible with these organizations. • Crazy shit with no real point DaveDAO https://cointelegraph.com/ethereum-for-beginners/what-is-a-decentralized-autonomous-organization-and-how-does-a-dao-work
- 3. LEADERSHIP • Objective: build shareholder wealth • Objective: build community results • Decisions are top-down • Community makes decisions • Intellectual property is protected • Intellectual property is shared COMPARING TRADITIONAL BUSINESS WITH THE DAO 1.
- 4. THE WORK Employees are retained Contributors are voluntary Challenge to engage employees Challenge to direct passion Responsibilities and jobs are assigned Choose what you want to work on COMPARING TRADITIONAL BUSINESS WITH THE DAO 1I.
- 5. III. MANAGING • Regionally managed workforce • Globally sourced contributors • Reporting lines managed centrally • Contributors choose whom to work with • Let’s make quick decisions • Good decisions take time • Initiative is rewarded • Initiative is the cost of entry COMPARING TRADITIONAL BUSINESS WITH THE DAO
- 6. CHALLENGES FOR THE DAO: DECENTRALIZATION Centralized Autonomous Old World Companies Technology Sector Ideal DAO DAO Reality
- 7. CHALLENGES FOR THE DAO: GOVERNANCE What is voted upon Who votes on what How much is a vote worth Consensus methodology
- 8. IT’S A NETWORK IT’S A NETWORK WITH A HIERARCHY CHALLENGES FOR THE DAO: ORGANIZATIONAL STRUCTURE
- 9. CHALLENGES FOR THE DAO: VISION MISSION & STRATEGY • What is Vision-Mission- Strategy? • How do we use them? • Who develops them? • How do we get to alignment? • What if we don’t agree? • Who ensures we are on task?
- 10. SSDD SAME S^&T DIFFERENT DAY 1. DAOs have refugees 2. DAOs have new grads 3. Refugees have escaped a TradBusiness 4. Noobs are excited to be here 5. Building new stuff is hard 6. Reapplying old stuff is easy 7. Refugees will do what is easy 8. Noobs won’t know the difference RISK: Refugees will centralize & create hierarchies Because its what we know DAOs contributors build Traditional Businesses with the patina of a DAO
- 11. APPENDIX
- 12. CONTEXT IS EVERYTHING: COMPARING TRADITIONAL BUSINESS WITH THE DAO • Traditional Business • Objective: build shareholder wealth • Intellectual property is protected • Decisions are top-down • Employees are retained • Challenge to engage employees • Regionally managed workforce • Clear reporting lines • Responsibilities and jobs are assigned • Initiative is rewarded • DAOs • Objective: build community results • Intellectual property is shared • Community makes decisions • Contributors are voluntary • Challenge to direct passion • Globally sourced contributors • Choose whom you work with • Choose what you want to work on • Initiative is the cost of entry