RESEARCHING THE DAO
WHAT DOES A DAO STAND FOR? Decentralized Autonomous Organizations (DAOs) are digitally native communities that center around a shared mission. DAOs are:
Decentralized, because they’re community-owned, grassroots-driven, and loosely organized (in contrast to a hierarchical, tightly-structured centralized org like a bureaucratic agency or company).
Autonomous, because their shared rules and shared treasuries are encoded and automatically enforced on the Ethereum blockchain.
Organizations, because they’re groups of people that associate and coordinate around specific purposes.
OUR TAKE: –DECENTRALIZED. We are a community of builders, preferably grass-roots-driven. We do reject the idea of a loosely organized bunch for the simple reason that as operators we serve our main partners who need to rely on us 100%. –AUTONOMOUS [shared treasury]. There is no shared treasury. The bank accounts are under the direct responsibility of the CFO. Each division will operate on an annual budget but with a centralized yet fully transparent administration. Financial decisions (like other decisions) are made by the division leaders based on the general decision-making structure that gives substantial powers to the collective. –AUTONOMOUS [shared rules]. I have no idea how this works but I doubt that the complexity of the platform can be coded in a way that Ethereum can enforce it. –ORGANIZATION. We definitely organize people around a specific purpose but the nature of our business is perhaps different than most DAOs because Empowering People-As-A-Service (EPAAS) shifts a heavy responsibility to us. We need to deliver what we promise. and the only way to do so is by achieving operational excellence which relies totally on high-quality coordination and execution on our part - the operators. You can’t empower with mediocre services.