Welcome to the DAOstack sponsored @OriginalWorks writing contest!

Status: CLOSED. Winners will be announced soon!

Accepted Languages:

• English

Start Time: ~10 PM ET, Friday
End Time: ~10 PM ET, Monday

This is a call to all great Steemit writers! DAOstack has sponsored a Steemit writing contest!

Please make sure to read the contest topic carefully. Good luck!

Prize Pool Total: 460 STEEM

Prizes: 370 STEEM + 60 Bonuses (1.5 Steem each)

• 1st Place: 56 STEEM
• 2nd Place: 47 STEEM
• 3rd Place: 37 STEEM
• 4th Place: 30 STEEM
• 5th Place: 28 STEEM
• 6th Place: 26 STEEM
• 7th Place: 23 STEEM
• 8th Place: 19 STEEM
• 9th Place: 17 STEEM
• 10th Place: 14 STEEM
• 11th Place: 12 STEEM
• 12th Place: 11 STEEM
• 13th Place: 10 STEEM
• 14th Place: 8 STEEM
• 15th Place: 7 STEEM
• 16th - 20th: 5 STEEM
• 21st - 80th: 1.5 STEEM Bonus

Deadline: 72 Hours

All articles must be submitted within 72 hours of this post to be considered!

Changes in submission rules below

What is DAOstack?

DAO stands for Decentralized Autonomous Organizations.

DAOstack is the operating system atop of which DApps can be built.

DAOstack aims to change the entire concept of governance. DAOstack enables developers to apply blockchain governance to various systems that are traditionally organized and run by a centralized authority or a group of individuals. DAOs enable this by allowing the users to put their protocols onto the blockchain and using smart contracts to vote on decisions that will impact that continued operation of said DAO.

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Check out the summary here for a quick introduction!

DAOstack Summary

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Decentralized Autonomous Organizations

DAOs are blockchain implemented designs that enable a systematic governance without intermediaries that create inefficiencies in typical organizations.

Just as blockchain has been able to scale so quickly due to its decentralized foundation, it can do the same for corporations and other types of organizations. DAOs are programmed with predefined parameters just like any other application. This means that DAOs can have pre-programmed processes that enable it to evolve, such as predefined voting conditions, to optimize its own functioning while growing and evolving along with the organization.

DAOs have inherent advantages over regular companies.

DAOstack Tools

DAOstack is designed to make DAO implementation and creation easy. Towards that goal, there are a variety of tools and "layers". All of these tools are designed for seamless DAO integration.

ARC

The ARC is dubbed "the Wordpress of DAOs." It is a framework that allows the application of DAO to companies and organizations. The reason it is compared to Wordpress is due to its modular nature, allowing easy deployment of DAOs.

Arc.Hives

Arc.Hives is a registry that will contain data on all DApps and DAOs built atop of the DAOstack. It will allow for easy communication and networking between the individual components of the DAOstack economy.

Arc.js

Most well known websites and application have APIs. These APIs allow for more efficient integration of other applications. For DAOstack, Arc.js will allow developers easy of access to develop applications without having to know the native smart contract language - Solidity.

Alchemy

Alchemy is the user interface. This is what the users and developers will interact with on DAOstack.

DApps & DAOs

These are the final outputs of the platform. Utilizing all the tools mentioned above will allow the DAOstack to be an entire ecosystem of DApps and DAOs

DAOstack enables the development of entire organizations in a way that enables them to scale effectively. This is done by decentralized decision making processes and streamlining growth.

DAOstack Use-Case

The possibilities are endless. One of the key components that separates DAOs from any other organizational method is its incorruptibility.

We are all too familiar with corrupt corporations that act in a way that serves a few key figures while costing the rest of the parties involved. With DAOs, this kind of corruption can be completely eliminated.

As an example, let us imagine "The International Film Greatness Award". A fictitious organization that is tasked with providing annual awards to the greatest feats in film.

In a typical structure, there would be individuals involved within the organization who are corruptible. Whether by money or influence, certain films would rank higher than others on merits that have nothing to do with the actual quality or "greatness" of the film.

To resolve this issue, the organization could be run as a DAO. Protocols could be put in place using DAOstack which would ensure that the award is rewarded by an incorruptible protocol where no individual or sets of individuals would have overwhelming sway that produce inconsistent judging criteria.

Evolution

The impact of technology such as DAOstack is limitless in nature. With its ability to evolve from within, there are no technical bounds. This is because the technology behind DAOstack is designed to allow evolution of the platform. As new blockchain solutions are introduced, they can be implemented to the benefit of all DAOs and DApps on DAOstack. In order to have a timeless technology, there is a need to adjust and update with the times. DAOstack is the first viable solution to offer the benefits of incorruptible decentralization while still allowing for changes in the core technology.

DAOstack GEN Tokens

The GEN tokens are the DAOstack economy works on GEN tokens.

GEN allows users to place a "stake" in a given project proposal to be built atop the DAOstack. To avoid the corruption of the network by a few holding the majority of the wealth, the projects have to be approved by "reputation" holders as well. Reputation cannot be bought or sold, but is earned by actively participating and contributing to the network.

Check out their the DAOstack intro video: