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GEOMA DAO which stands for (GEO – earth, MA – management) DAO – Decentralized Autonomous Organization is probably the new ‘Robin Hood’.
GEOMA DAO is currently on course to create a world where wealth is evenly distributed. To put this in perspective; DAOs are constructs of a New economic model that utilizes the Blockchain to create a shared of economic wealth and wellbeing in a socially conscious way. Even before the creation of DAO, its founding fathers have speculated that it will take a certain amount of education and courage to become a member and participate in proposal and voting acts.
Even though many of us are still enslaved by this current system, it goes without saying that the DAO system is going to be a massive success once fully accepted and implemented by every one of us. This is because, DAO are definitely a viable alternative, and they could change the economic landscape for a more conscious future of our society.
The Dao was not created for fast profits rather it should be perceived as a Distributed Network of Contributors that was created to generate steady and sustainable growth. It will surely function and model alter the Blockchain technology which is:
• CHANGING THE STYLE OF GOVERNANCE
For instance, there will be no CEO, upper level Management, Mid Level Management and Lower level Management. So how should a corporate structure function? You may ask, well, the founders will be regarded as pure contributors to the Network for which their position will be to oversee and build the first ownership mass.
• VOTING
This will be done upon a proposal for implementation. This is a compulsory feature for GEOMA DAO.
• PROPOSAL
This is a primary method of decision making with the GEOMA DAO Network
• CONSENSUS
This is created just in case a predefined percenta
ge of contributors agree upon a particular action.
• The GEOMA DAO was established to generate real wealth for its members and bring value to the society.
Another important aspect of strategy GEOMA DAO is employing is in the area of Governance, while some Blockchain companies have a centralized governance models, the GEOMA DAO proposes to shift the power of governance to its members as its philosophy believes the member are the ones who should have the real power.
Conclusion
Using real assets which is combined with a DAO governance structure, makes this Economic Model prone to success and fail resistant. In the foreseeable future, should humans fail to organize themselves properly, robot will have to replace a considerable amount of our workforce, and DAO is planning to own a part of the robotic workforce. The entire wealth generated would again fall into the 1%'s pockets. Every day 12.5 billion working hours are not worked, done by people all over the World. Total Universal Income has gone through the stage of being just a concept. In our view, this is one of human history's most regressive ideas. Imagine sitting around, doing nothing, hoping for some kind of fully controlled income from governments and corporations. That is horror film stuff.
USEFUL LINKS
Website: https://www.thegeomadao.com/
Whitepaper: https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view?usp=sharing
Telegram: https://t.me/geomachat
Twitter: https://twitter.com/thegeomadao
YouTube: https://www.youtube.com/channel/UCys4E09zDz9xjlyKiBZwr_g?view_as=subscriber
AUTHOR'S DETAILS
Bitcointalk Username: Stonechris
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661433;sa=summary
Eth Address: 0xeF728a6f7aB532bac5b2662B9eE6a0C097bc5243