Decentralized Autonomous Organization (DAO) connects people with a common goal using blockchain‘s safe and transparent environment for transactions.
DAOs run on “smart contracts”, provisions stored on a blockchain that are automatically executed when predetermined terms and conditions are met. They are simple if/when … then … stipulations governing a relationship between parties.
DAOs structure without central leadership enables the decisions to be voted in without the impact of a third party, furthermore, the decisions are executed without the third party‘s confirmation.
Decentralized systems without centralized leadership allow intelligence to be distributed throughout the system. Knowledge filters at the edges of the system, closer to where the information is actually needed. Thus, DAOs are more productive in comparison to hierarchical organizations because the information allocation and feedback effects make it possible to distribute the optimal amount of power to the optimal talent at the optimal time.
(Source: https://stanford-jblp.pubpub.org/pub/blockchain-corporate-governance/release/1)
This makes DAOs the ultimate new way for people to work together towards a common goal.
Blockchain technology has developed the perfect conditions for the emergence of new forms of exchange of work and knowledge-based entirely on merit. We want to educate people about this new technology and bring them into the universe where their ideas come first!
At Qvrse we believe educating about blockchain technology, and implementing its solutions in our everyday life is the way to go! We believe that the blockchain revolution should be smart and shouldn’t neglect WEB2 solutions and know-how.
Blockchain is the next big step in technology and society, but we should get there thoughtfully and we must not leave people behind. That is why we have to make this technology accessible to everyone and show them how it can make the solutions we have nowadays more efficient. We don’t want to leave current businesses behind, on the contrary! We want to invite them into the new world by slowly and thoughtfully implementing new technological solutions into existing subjects. Combining real-life projects and blockchain technology makes sure the technology is here for people who do not live an isolated life. At Qvrse we believe this way of thinking is what will bring blockchain technology its real value and the power to change the world. We should look at things from society’s point of view and not only from technology. That is why we are offering existing subjects a connection to the new era.
Qvrse features the best blockchain technology has to offer for those who are still learning about it, and also for those who have already embodied the blockchain mindset.
We believe this is the right way to transfer us to the era of blockchain business infinity.