Deco.Network - Building the Economic Layer to our Digital Infrastructure

Deco.Network - Building the Economic Layer to our Digital Infrastructure

Deco Network is creating technical and economic system for decentralized entities to capture and distribute the value in a meritocratic and contribution based way. With Deco Network, technologists can sell software licenses and API credits to global marketplace from wherever they are, to whomever wants to buy them. They can do so without having to set up a new business or shoulder the responsibility of driving demand. For projects with multiple contributors, the developers, designers, and product managers can be paid in an automated and equitable way. Teams can also easily rewards the open and free project they depend on.

In simplest terms, Deco Network is building the economic layer to decentralized software projects   finally making them rewarding and sustainable to build and maintain for contributors.
The reason we are able to do this now hinges on one particular technology: the blockchain, which enables us to tackle systems level optimization issues, by creating new payment rails and incentivize structures that reinforce "pay it forward" kinds of behavior.

But Deconet is more than a product solving a problem: we’re part of the movement to make open source a more viable career path.

Deconet brings this concept to the digital world, allowing anyone to commercialize their software with a simple listing — not a corporation with a sales team and retained legal counsel.

The Next Steps for Open Source Projects:

Letting developers commercialize ‘free’ software is just the first step towards sustainable open source. Our roadmap is focused on creating the financial infrastructure for the next great open source projects.

To start, imagine a software project with a team of three earns $100 — whether by donation or commercial interest.

First, each contributor earns a proportion of the income relative to the value of their work on the project. In our example, all three contributors are equally valuable workers, each earning $25.

Next, the remainder of the funds are sent to a smart contract which equitably and automatically rewards all the software projects this initial project depends on. The opportunity to incentivize this kind of “pay it forward” attitude is at the heart of our tokenization efforts.

Additionally, many open source projects are technically unbanked, so enabling projects to become “entities” that exist on the blockchain creates an incentive structure for developers to keep working on their projects and pass off responsibilities when they get bored.

In other words, we’re laying the foundation for a world where open, collaborative projects can have a mix of contributors and function as DAOs — Decentralized Autonomous Organizations.

We see a future where those entities can go out and capture economic value in the world, and then that value will flow back to the contributors and backers.

Deconet as a Solution for Development:

As we build more and more tools for sustainable open source, there’s an opportunity to act as a bridge between software developers and enterprises or blockchain projects. Companies, platforms, and protocols can host innovation contests on Deconet and incentivize the development of the most impactful applications.

In this way, Deconet starts to look like a massive distributed software development agency where everyone works for themselves.

With Deconet, everyone involved in writing code and creating viable products can remain driven by their own private motivations, all while benefiting from an incentive system designed to reward the building of better software.

As code continues to power almost every aspect of our daily lives, it’s essential for creators of that code to be fairly rewarded in line with the value they helped generate. We see a vision for a world where creators are automatically and ethically rewarded for their contributions, and our continuous product improvements and releases have the massive goal of building and powering this economy.

How You Can Get Involved:

Now that you know our grand vision, you’ll want to take it out for a spin. The Alpha Deconet products up at http://app.deco.network and running on the Ethereum testnet.

Deco.Network Official Website: https://deco.network/

Deco.Network White Paper: https://deco.network/whitepaper.pdf

Deco.Network Bounty Campaign: https://bounty.deco.network/login

Deco.Network News : https://medium.com/deconet

Deco.Network Official Twitter : https://twitter.com/Deco_Network

Deco.Network Official Telegram: http://t.me/deco_network