when managing a massive organization of people, hierarchy is built from the top down. Take any company that has an administration gadget and you will check comparable government gadgets. But in all situations, this form of management no longer has a good effect because the factual importance of each participant in the present form will not be taken into account. some other problems are People who have their own commercial companies realize how difficult it is for commercial companies to bear all the risks, and the full weight of decision-making, sometimes a enterprise associate comes to assist and matters get easier. GEOMA DAO simply offers this alternative to you. The preferences for the existence of such collectives are commonly known as DAO (Decentralized Autonomous Organizations) from the first phrase you could already recognize that such companies can also no longer be in one place, however function with the assist of contributors placed in exceptional components of the world also two GEOMA DAO two platform will enable opinion of all contributors will be taken into account.
GEOMA DAO stands for Decentralized Autonomous Organization. In general, DAO is a hard-coded rule system that determines which actions will be taken by decentralized organizations. However, the term DAO can also refer specifically to an organization called "The DAO," which was conceptualized on the Ethereum blockchain, in 2016.
Simply put, DAO refers to certain types of organizations that, unlike conventional companies, are based on open source code and are fully operated by their communities. Therefore, the underlying structure and mechanism of work of DAO are not based on a type of hierarchical management (which is quite common in traditional business).
In other words, DAO does not have a single responsible entity, or directory board and, as the name suggests, there is no centralization of power. DAO is carried out by rules coded by computers (smart contracts) and regulated by the collective work of contributors and community members.
How does DAO work?
DAO is an open source tool, capable of consensus among participants in change. Now they have become possible because of the development of ETH. ETH is an open block chain that acts as a decentralized digital tool to implement P2P agreements. As mentioned earlier, DAO is a company regulated by law and coded in intellectual harmony and operates in a block chain. There are many methods that work DAO, such as trade tokens, consensus, proposals, contracts, autonomous voting.
• Transaction ID: DOA requires internal procedures that are vulnerable in several ways and have the skills to use procedures to reward certain activities. DAO has no hierarchical system, no leadership, or leader.
• Independent: operates an autonomous unit from its creator and does not depend on external forces. As such, they will exclude third party participation in financial transactions.
• Suggestion: The main way to make a solution at DAO is to offer.
• Contractor: DAO cannot make items, write code, or make hardware. This requires the contractor to fulfill his objectives. The contractor is distributed by selecting the token owner.
• Consensus: in this DAO allocation component, most stakeholders must agree on a solution. If errors are found in the code, they cannot be resolved until the voting process is carried out.
• Voting: after submitting a proposal, a vote is taken. DAO allows people to exchange financial value with anyone in the world, for example, withdrawing money, investing, borrowing, lending, without the help of intermediaries, just trusting the code.
The future of the organization
The ability to regulate and regulate large numbers of people (and drivers) of society who have experienced constant evolution for thousands of years. In this chapter, we will talk about the problems facing organizations today, and about the possibility of a new form of online organization: DAO.
Old organization
Agency collaboration increases its effectiveness with respect to external competitive market forces. This is the origin of the company. However, the coordination of large numbers of agents is complicated and expensive, so organizations cannot grow indefinitely. As they grow, organizations need a more rigid structure and therefore face increasingly greater challenges: (a) to maintain efficiency in the context of rapidly changing conditions; and (b) to maintain the coherence of the interests, trust and commitment of their members. In short, the larger the organization, the more internal friction it must face; The smaller this is, the more external competition. The actual size of the company. Over time, the introduction of new technologies or paradigm changes help reduce organizational effectiveness.
The internet is allowed to exchange information in real time, in real time and peer-to-peer nodes on a global scale. As a result, online media are more effective than traditional media, and are quickly absorbed by the latter. However, the Internet itself does not support open exchange of partner values ??and coordination of shared goals.
While the idea of ? Decentralized organization (DAO) is not new, using smart contracts to automate some of the mechanisms and functions of their work is what makes DAO a useful and interesting concept. Such innovative structure
allows for a completely new business model, where various types of activities can be carried out in a completely decentralized and automatic way.
Much like the way Bitcoin created a peer-to-peer digital economic system, eliminating the need for banks and other trusted third parties, DAO has the potential to revolutionize various industries through the use of decentralized governance models supported by smart contracts.
One of the new technologies from the 21st Century gives people the power to disrupt certain questionable activities. This technology is called Blockchain or Distributed Ledger Technology. If used in the right way, which means decentralized, it can indeed change the view of our Future, into a positive one. If it is hijacked by the Government and the Company, it can only enslave us more than we already have. The real intruder in the form and function of DeFi, or Decentralized Finance, using the Blockchain, is DAO, the Decentralized Autonomous Organization. DAO, is a construction of a new economic model. DAO itself is a body formed by participants who gather around a common goal. In their final form,
DAO is 100% autonomous and organizes themselves through smart contracts on the Blockchain. The purpose of DAO is to create wealth for its participants and distribute this wealth fairly through the Blockchain to each contributor. The apparent benefits are: Creation of Financial Freedom, Middleman Cutting and the absence of a pyramid-shaped leadership structure. SOO must use Blockchain to create Economy, Wealth and Welfare together in a socially conscious way. It takes a certain amount of education and courage to become a DAO member and participate in proposals and actions on voting. However, DAO, if formed properly from the start, can achieve unimaginable things for one individual. This is why we created The Geoma DAO.
Token info
Token GMD
Platform Separate Blockchain
Type Utility
PreICO price 1 GMD = 0.0074 ETH
Price in ICO 1 GMD = 0.0074 ETH
Tokens for sale 20,895,000
Roadmap
Our team:
Arthur Fleischer
Blockchain Enthusiasts and Believers in true Decentralization, Arthur studied Economics and Engineering in Munich, Germany. In addition to being educated in the Financial System, Sociology and Human Behavior, he is the right person to start and bring this Project to an attainable goal.
Florin Vranceanu
Florin is a famous lawyer. He leads his own Law Firm. Among his clients are Industrial Holdings but also Small to Medium Enterprises. He will represent DAO's interests before third parties such as Local Authorities, Governments, Regulators.
Toma Adrian
Adrian has recognized the power of early Decentralization real and has committed to Blockchain Technology, its development, and adoption. He works as a Project Manager, translator, and gift manager.
Sylvester Anichebe
Open minded crypto fans who believe in being part of a cohesive team that functions quickly and effectively, benefit the crypto community and encourage the overall growth and development of the crypto space.
Conclusion
This is a business model "as simple as it gets" using DeFi and Blockchain Technology to make it wealth distributed. Using tangible assets, combined with the DAO governance structure, makes the model fail to stand. Looking into the near future, where the robot will replace most of the workforce, we can see DAO has a part of the workforce of robots. If people fail to regulate themselves, such as DAO, or in other forms, all the wealth generated will fall again into the hands of 1%.
In the meantime, please, thank you:
Check out the site at the link I provided below:
Website: https://www.thegeomadao.com/
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Author: beeboo888
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MEW Address: 0xbaA94af4A681cf2df5b9fcD509d7ca79b304026B