The blockchain of today.

Blockchain - is a distributed database that contains information about all transactions made by participants in the system. >The information is stored as a chain of blocks.

Humanity has entered into the year 2021. The word blockchain has entered the vocabulary of many people. Now some very few people have not encountered the crypto world, at least at the level of information about the cryptocurrency Bitcoin, Ether, etc. In the struggle to reduce costs, organizations are building their work in the factor - internet organization (an organization that lives on the Internet). The economy is digitizing at a tremendous pace. The list of companies using digital advances in their processes is growing. Applications help companies successfully develop business and solve problems formulated in Transaction Cost Economics (TCE) theory. These transaction costs come in three segments:

• Search & information: Costs associated with finding information to inform decisions, and discovering and evaluating suppliers.
• Bargaining: These are costs associated with reaching an agreement with a supplier. Bargaining costs can be very low (e.g. buying a coffee), or very high (e.g. buying a company).
• Monitoring & enforcement: The costs of ensuring adherence to the terms of an agreement (e.g. that widgets are manufactured on time and to the agreed quality). People often deviate from the agreed terms due to chance, negligence, or malice, and potentially high enforcement costs (e.g. legal fees) are required to resolve disputes.

These segments can be solved with the help of Internet applications. Mechanisms to stimulate and coordinate production are embedded in applications. Thanks to the properties of blockchain, information cannot be altered with black intent. As a result, company processes follow clear rules, and each performer knows the exact value of his or her contribution and that of others.

Colony is open source and modular crypto platform.

The Colony is the most powerful, practical, flexible, and easy-to-use DAO framework. This is the fastest way to turn your ideas into cryptoeconomic applications. You do not need to have programming skills. Talented programmers have already written code for many modules and extensions, you only need to plug them in, and voila, powerful Dapp with on-chain governance is ready to work. This is quite a powerful crypto platform, which allows you to implement your desires at once.
Create an organization, give it structure. If you wish, you can incentivize participants with your crypto-tokens, reward reputation, which is important in the life of communities. At the same time, the management structure can be different. You decide whether it will be a benevolent dictatorship, a democratic community or decentralized cooperation. Colony's modularity is customizable, giving you complete flexibility and allowing for safe experimentation and incremental implementation.

This project includes:
• An application that helps you organize your crypto project into departments, other projects, teams, or any structure that suits you.
• The Platform where you, programmers, or anyone else who wants to, can build applications that incentivize engagement, generate revenue, and drive growth, autonomously.
• Metacolony: While ColonyNetwork is the infrastructure for next-generation firms, The Metacolony is the responsible structure for the development and life of the ColonyNetwork. It is a society open to anyone who wants to develop the idea outlined in the White Paper of the blockchain project ColonyNetwork.

Blockchain project Colony Network is built on:

Ethereum
Ethereum is a global, open-source platform for decentralized applications: public blockchain infrastructure for software developers to write code that can control digital value, runs exactly as programmed and is accessible anywhere in the world.

IPFS
IPFS is a distributed system for storing and accessing files, websites, applications, and data. Being distributed makes it hard for websites to go offline, hard for authorities to censor content, and means no central entity has to provide storage.

OrbitDB
Orbit-db is a serverless, distributed, peer-to-peer database. orbit-db uses IPFS as its data storage and IPFS Pubsub to automatically sync databases with peers. It's an eventually consistent database that uses CRDTs for conflict-free database merges making orbit-db an excellent choice for offline-first applications.

Building with crypto platform Colony gives you:

As we said, creating a crypto app (Dapp) is difficult, slow, and expensive. Colony takes that barrier out of the soup of code lines. You focus on the idea of the app. By saving time on writing code, you move quickly from idea to actual users. Alleluiah, the digital companies have a complete crypto-toolkit now. Create a structure by dividing the created Colony into teams, projects, units. Allocate your budget automatically according to strict rules. With rules embedded in domains, allocated funds will be managed directly, flexibly limiting autonomy by supervision. Exclude the human factor of greed from the operation of crypto funds. Divide the power as you wish. Create projects, circles, teams, and give as much power as needed for that particular domain (group).
Set rules for coordinating work, set incentives, and let a well-functioning workforce, make the value of your colony\company grow. Good workers get a good reputation for the skills that you define for them and the areas in which they will contribute. Accordingly, bad workers are paid as they deserve or excluded from the chain of interactions. The algorithm has no emotion, everything is built on the willingness to work and the ability to contribute. Reminds me of a colony of ants, doesn't it? Optimize payments. From gigs and tips to payroll and income distribution, Colony simplifies complex financial processes. Revenue, Disputes, execute external smart contract calls, all of this, and in the future other things, will be available through enabling plug-and-play modules.

Cryptocurrency in Colony.

Each colony has its own cryptocurrency, an ERC20 compatible token. Each colony decides what function the token will carry. It can be endowed with economic value and used for settlements between other colonies. Or it can be used as a means of evaluating an employee, in other words, have no economic value. For example, a colony can use an internal token to rate the actions of workers, and the wages will be paid based on the earned internal tokens converted to ETH, DAI.
A colony can produce a product or perform work for another colony or an external customer. The incoming payment to the colony would be divided fairly based on the contribution made by each worker. This removes from the organizational structure the position of a manager who might overpay one and underpay another. The created algorithm will distribute the cryptocurrency.

The Colony is a superorganism and you are a Creator!!!

Colony Network is an information-intensive project, and it's hard to describe all the power of its crypto-economic potential in one article. To describe why the main-net colonyNetwork is called Glider would require a separate chapter, but the author doesn't want that the reader should abandon reading the article because of too long text. So I just want to let you, dear reader, get interested in this interesting world of this blockchain project.

If you wish, pay attention to the individual articles dedicated to this crypto project.

After reading this article, you will finally understand why the project is called Colony (to understand exactly as an ant colony, not as an invasion) and why main-network called - Glider. After reading and understanding the idea of a superorganism, maybe the horizon of understanding will go far beyond the flight of the Glider😉.

The [roadmap] (https://blog.colony.io/roadmap/) . And of course an article about Coin Machine. Interesting addition, which will allow those who passed KYC to start selling their token, and the trading algorithm will be created its own, not taken from already existing projects read closer.