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Repository to collect and manage things that I would want to - learn, read, do
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Start: DAO (Decentralized autonomous organization) Platform for a SAAS Company #7

Closed p-raj closed 5 years ago

p-raj commented 5 years ago

Auto-executing Contract platform for SAAS companies.

To Study

Todo

Initial Idea

img_3640

p-raj commented 5 years ago

Problem Statement

Primary reason for the existence of a Company is to serve their Customers, to help their Customer get to where they want to go, faster. Eg: Customer - Data Science & Analytics organization, Vendor Company - Data cleaning and munging platform (or data tagging platform), because the Customer wants to focus on their primary agenda - serving their own customers. A single company would be serving multiple customers with multiple product versions, or build specific features for their customer, or have multiple disparate products or separate products, and hence have multiple teams to manage the portfolio. As the company grows, so does its offerings. But, growing up brings its own set of challenges

Solution

DAO is a great idea. Actors in a typical SaaS company or in a SaaS company's eco-system -

DAO brings in a new way to think about the company & the actors involved, auto-executing contract based partnership, where in the company get to try a lot of ideas simultaneously and the actors get a change to optimize their earnings (or whatever the contract states). Eg:

- - - - - - - - - - This ensures that every Actor has their skin in the game, can optimize their earning, can contribute in making the world a better place (usually the company's vision/mission), and gets paid automatically on the basis of the contract - The best people get to work with the company, risk free - The best ideas get to see the daylight - The company remains the disruptor **The Trust in the eco-system is maintained.** screen shot 2018-07-31 at 6 25 48 pm
p-raj commented 5 years ago

How contracts work? ETH (others?)

p-raj commented 5 years ago

There has been a lot of work done on the DAO & smart-contracts, so the idea I thought upon seems like a common knowledge in the industry (https://medium.com/practical-blockchain/decentralized-autonomous-organizations-overview-2e752e194c5b)

Similar Platform

I believe there DAO are the way of the future, where everyone could be anyone and not just a list of tags defined by their job, where everyone would be able to work on anything they are curious about, as long as they are curious about, bound-free and able to get in any exciting opportunity from day-1. This is what the next generations of companies would look like and should look like.

Challenges (in my view)

Technical issues would be resolved, but societal issues are the real challenge. This would be an amazing idea after 15(-to 20) years, for sure.