Get a nuanced perspective on the lows and highs, legal challenges, and more intricacies of Decentralized Autonomous Organizations and smart contracts as we demystify them beyond the hype.In this week’s episode of The Web3 Webinar, we talk about how blockchain technology forms the foundational structure for smart contracts, which in turn drive the functions of DAOs. By empowering independent entities to collectively manage technology and democratically govern shared assets, DAOs aim to expand on the concepts of being trustless and democratic decision-making. Watch our webinar 2022 for more. For more information on Web3 and its wide-ranging potential, read https://www.ionixxtech.com/solution/web3-blockchain-solutions

3. We are a technology company with a design-first approach that helps forward-looking Startups and Enterprise Firms
with:
● Web3 solutions
● FinTech solutions
● & HealthTech solutions
We do this through Cloud-enablement, Enterprise agility, UX Design and other cutting-edge web and mobile technologies.
About Us
About the Speaker
Shaan Ray is a technology researcher and Web 3 specialist who helps organizations
unleash the power of emerging tech in reshaping their business goals.
Under his mentorship, companies embrace transformative solutions to tap new
markets and fresh customer segments.
Shaan specializes in Web3 and emerging tech.

4. Defining a DAO
▪ DAOs are internet-native organizations with decentralized management, and the decisions are
autonomous thanks to their programmed logic.
▪ They are hosted on blockchain platforms, which enable them to have decentralized leadership and
management.
▪ Decisions about the governance and rules of a DAO are made by the decentralized community
associated with the project.
▪ A DAO is designed around a mission or mandate like any other organization.
▪ A DAO’s business or operational logic is programmed into it and updated by the community using
governance mechanisms.
▪ The DAO is meant to act as a managerial layer that programmatically decides how to carry out
real-world business or charitable operations.

5. What is a Smart Contract?
▪ A smart contract is a digital contract where the terms of
agreement between users is set in code.
▪ A smart contract can also be programmed to self-execute
when a set of predefined conditions are fulfilled.
▪ Smart contracts exist on decentralized and distributed
blockchain networks.
▪ Thanks to the interoperable nature of blockchains,
users can also use smart contracts to transact across
different platforms.
▪ Smart contracts can be programmed to trigger other smart
contracts into action or create new events when they are
executed. Smart contracts can also hold assets, NFTs, and
cryptocurrencies within them. These assets can be
distributed upon execution when a set of conditions are
met based on the code defined in the contract.

6. Smart Contract Example
Parties Contract Execution
Event
Outcome
Oracle

7. What Is An Oracle?
▪ A blockchain oracle is a trusted third party service that
provides smart contracts with authenticated external
sources of data from the real world through an API.
▪ Oracles connect smart contracts with events in the outside
world. Smart contracts often need to be triggered by an
outside event. Using oracles, a smart contract can receive
data indicating the outcome of a real-world event or even an
event on another digital platform.
▪ Oracles can be created to provide a wide range of data to
smart contracts.
○ Chainlink currently the biggest

8. Oracle Examples
▪ For example, an oracle could provide real world weather
data, outcomes of events, outcomes of legal cases, financial
statistics, economic data, interest rates, market data,
performance data from a vehicle or machine and so on. An
oracle could also provide data about the actions of
another DAO.
▪ An important thing to remember about oracles is that
most smart contracts are meant to be executed when a
predefined condition is met, and oracles are the sources
of data that can provide authenticated data about these
conditions.

9. Smart Contracts -- Building
blocks of DAOs
▪ DAOs operate using smart contracts. The essential building
blocks of a DAOs is its smart contracts.
▪ Smart contracts define the rules of the DAO as well as
how the group’s treasury will be used. The rules and logic of
a DAO are programmed into the smart contracts that
govern it.
▪ If a user tries to do something that’s not covered by the
rules and logic in the code, it will fail.

10. DAOs & Smart Contracts :
The Workings
▪ Business Logic Expressed Through Smart-Contracts!
▪ Smart contracts can be programmed to execute some or all
their logic based on a triggering event, such as the
availability and price of a desired NFT.
▪ A smart contract can also be triggered when a signal from the
external (real)-world is generated through sensors or human
input and then sent to the DAO through an oracle.
▪ Recent developments in IoT and sensor technology have
enabled more efficient and accurate data to be captured and
fed to smart contracts in real-time.

11. DAOs, Oracles, & Smart Contracts
▪ Several oracles can be set up for different events and purposes.
▪ Multiple oracles can simultaneously feed data into a DAO.
▪ Through oracles, data is fed into a DAO. It is then processed
through smart contracts using the DAO’s logic and business
rules, followed by which instructions are sent out to be
executed.
▪ Data flows into a DAO and decisions and instructions flow out.

12. Conclusion
▪ DAOs offer a new organizational management system
that is distributed, transparent and automated.
▪ They offer collective risk and reward to their communities,
based on programmatically executed rules. Smart
contracts are where actions, logic,and terms of
agreement between users are set in code.
▪ Decentralized Autonomous Organizations are made
possible thanks to smart contracts.
▪ DAOs can’t provide the range of functionality and
flexibility that they do without smart contracts capturing
and executing the code and logic that will govern all the
activities and actions of a DAO.

13. How We Can Help
Here are some ways in which we can help you create and
manage DAOs:
● DAO Advisory services
○ platform choice
○ translate business logic into code
● Create the governance mechanisms for your DAO
● Create smart contracts for your DAO
● Integrate on-chain and off-chain oracles to your smart
contracts and DAOs
● Audit and test your code
● Provide design side support for your DAO
● Help you create the treasury for your DAO
● Launch your DAO live on a blockchain platform

14. Get in Touch
Email: shaan.ray@ionixxtech.com
Web: www.ionixxtech.com
Telegram: @shaanray
LinkedIn: https://linkedin.com/in/shaanray
Twitter: https://twitter.com/shaanray
Questions?
DAOs, Oracles, & Smart Contracts