Decentralized Autonomous Organizations

Joris Bontje @mids106

DAO?!

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

Why?

Invulnerable to internal corruption

Invulnerable to outside force

Decentralization better scalable

Low cost?

Ethereum

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

Memory / persisted storage (2^256 entries)

API: CALL / RETURN

Own rules encoded as EtherScript

Scripts can modify their own code(!)

https://xkcd.com/974/

Egalitarian DAO

Outside World

Members(Decentralized Autonomous Community)

Shareholders(Decentralized Autonomous Corporation)

Members/Shareholders can be DAOs too!

Datafeeds

SchellingCoin: A Minimal-Trust Universal Data Feed

Proxies / Gateways

JaaS?Judge as a Service

Resources

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/

ethercasts.com

Questions? @mids106