Ethereum - Decentralized Autonomous Organizations

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Presentation given at the Amsterdam Ethereum Meetup on 2014-04-08

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Ethereum - Decentralized Autonomous Organizations

  1. 1. Decentralized Autonomous Organizations Joris Bontje @mids106
  2. 2. DAO?!
  3. 3. Autonomous entity (crypto person?) No central control No dependency on legal contracts / bylaws All resources and funds autonomously managed Self-enforcing smart contract on a cryptographic blockchain

  4. 4. Why?
  5. 5. Invulnerable to internal corruption Invulnerable to outside force Decentralization better scalable Low cost?
  6. 6. Ethereum
  7. 7. DAO live as Contract on the block chain Own Ethereum address (key) and balance Can send and receive transactions “Activated” when you send a transaction to it
  8. 8. Memory / persisted storage (2^256 entries) API: CALL / RETURN Own rules encoded as EtherScript Scripts can modify their own code(!)
  9. 9. https://xkcd.com/974/
  10. 10. Egalitarian DAO
  11. 11. Outside World
  12. 12. Members
 (Decentralized Autonomous Community) Shareholders
 (Decentralized Autonomous Corporation)
 Members/Shareholders can be DAOs too!
  13. 13. Datafeeds SchellingCoin: 
 A Minimal-Trust Universal Data Feed Proxies / Gateways
  14. 14. JaaS?
 Judge as a Service
  15. 15. Resources
  16. 16. Ethereum Whitepaper
 https://github.com/ethereum/wiki/wiki/%5BEnglish %5D-White-Paper Bootstrapping A Decentralized Autonomous Corporation (part 1, 2 & 3)
 http://bitcoinmagazine.com/author/vitalik-buterin/ DAOs Are Not Scary (part 1 & 2)
 http://blog.ethereum.org/
  17. 17. ethercasts.com
  18. 18. Questions? @mids106

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