Ethereum - Decentralized Autonomous Organizations
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14-Sep-2014 -
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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