Ideas are cheap — most of them not worth a sec­ond thought. Approach­ing a short East­er break in times of Coro­n­avirus — what could be bet­ter than brain­storm­ing on some ideas lying around. That said, I invite you to col­lab­o­rate and com­ment on this brain fod­der: DAO — Brain­storm­ing On Decen­tralised Autonomous Organ­i­sa­tions.

A DAO is a Decen­tralised Autonomous Organ­i­sa­tion — a net­work com­prised of sev­er­al, if not many, indi­vid­ual enti­ties — or: nodes — that have agreed on work­ing togeth­er on some spe­cif­ic pur­pose. The basis for their work is a set of rules, a so-called gov­er­nance model. This gov­er­nance model not only defines the rules and process­es of the DAO but also comes with an imple­ment­ed incen­tiviza­tion scheme that incen­tivizes each node to active­ly par­tic­i­pate in the network.

DAO — Brain­storm­ing On Decen­tralised Autonomous Organisations

As of 2020, there are sev­er­al blockchain pro­to­cols pro­vid­ing soft­ware and gov­er­nance to cre­ate DAOs. My goal for today is to get your feed­back on the below men­tioned spe­cif­ic DAO ideas — or: appli­ca­tions if you will.

DARFT

Decen­tralised Autonomous Request for Tender

• There is a Request for Ten­der RFT process
• A smart con­tract defines the com­plete RFT process 
• All par­tic­i­pants are pro­vid­ed with user inter­faces for input and out­put of their respec­tive data
• Approval cri­te­ria for each step of the process are pro­grammed in the smart con­tract that auto­mat­i­cal­ly decides about reach­ing the next step for each participant
• Finan­cial trans­ac­tions due to indi­vid­ual steps of the process are auto­mat­i­cal­ly trig­gered and pay­ments are sent to the participants
• After the final round, the win­ner is select­ed based on the approval rates received in each round
• The win­ner receives the pay­ment and a brief­ing for the first milestone

DACOMMS

Decen­tralised Autonomous Communications

• There are con­tent own­ers with the need to com­mu­ni­cate their contents
• Con­tent own­ers use the DACOMMS to decen­tral­ize their communications
• Con­tent own­ers pub­lish a job; i.e. con­tent they want to be com­mu­ni­cat­ed, incl. a bud­get (metrics-based, e.g.number of redi­rect­ed vis­i­tors, leads, etc.)
• Poten­tial com­mu­ni­ca­tors apply for this job by pro­vid­ing their cre­den­tials; i.e. brand, web­site, Online/Social Media reach (based on pub­lic met­rics pro­vid­ed by respec­tive services)
• Com­mu­ni­ca­tors are select­ed based on the cri­te­ria pro­grammed in the smart con­tract ini­tial­ly pro­vid­ed by the con­tent owner
• The job is opened to every com­mu­ni­ca­tor meet­ing the require­ments described in the smart contract
• Com­mu­ni­ca­tors start with their work and report the results back to the smart contract
• The job ends as soon as the bud­get is consumed
• Com­mu­ni­ca­tors auto­mat­i­cal­ly receive pay­ments accord­ing to their performances

These are two very basic ideas around DAOs. I have not thought them through in detail, yet. Please tell me what you think about these DAO ideas. Do you feel that I bet­ter should for­get about them, or do you think both ideas or one of them should be worked on? Then let’s col­lab­o­rate! 

Thank you for your feedback!

DAO Decentralised Autonomous Communications Decentralised Autonomous Organisation Decentralised Autonomous Tender Process