DAO

The DAO model answers the question "How can revenue be generated within a purely decentralized environment" by aligning the incentives of real world Contractors with the incentives of a DAO.

Rewarding

A Decentralized autonomous organizations (“DAO”) is a new type of organization, best comparable to a digital company, but without an attached legal entity. Made from irrefutable computer code, it is operated entirely by its community, which backs its future growth by purchasing DAO tokens using ETH, the fuel of the Ethereum network.

Slock.it UG is a Blockchain + IoT solutions company. We believe that DAOs will play an important role in that infrastructure. With that in mind we have built a fully decentralized, 100% free and open source DAO framework for the world to enjoy. We have provided a whitepaper, its complete source code, had it reviewed by the best security audit company in the world and made it all available under a free, open source license.

Download the White Paper Fork on Github

DAO Synergy

The synergistic relationship between a DAO and its Contractors

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Supporting Documents

White Paper

The scientific reference. By following this document anyone can implement the Standard DAO Framework.  Download

Primer

For those who do not want to dig in the technicals of the white paper, the primer is a good place to start.  View

FAQ

Question not answered in the documents above? The answer can probably be found in the FAQ.  View

Rationale

A high level explanation of why we consider DAOs to be an integral part of the blockchain economy.  View

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A New Approach for a New Economy

It is inclusive
A DAO leverages smart contracts on the Ethereum blockchain so that anyone, anywhere in the world can be empowered to participate. In exchange for their early help, participants receive DAO tokens which hold many benefits.

It's flexible
A DAO backs Proposals which it selects for their innovative nature, to be executed by Contractors. Some of these Proposals could hold no promise of return whatsoever (in the case of a charity for example), others could involve the building of products or services which a DAO could then use for its own purposes.

It can incentivize DAO Token Holders
A DAO can charge anyone outside the DAO Token Holders for using the products or services created as part of a Proposal. This potential revenue is then sent directly to the DAO in the form of ETH. The DAO then has the option to accumulate this ETH to support its growth, or redistribute it to the DAO Token Holders as a reward.

Its governance is fair and decentralized
The ETH held by a DAO will never be centrally managed. DAO Token Holders are able to vote on important decisions relating to the management of their DAO, including the power to redistribute its ETH amongst themselves.