SUBDAO: IMPROVING THE USABILITY AND EFFICIENCY OF DAOS.
The potential advantages of transparency and decentralized collaboration were given a lot of attention by the people who created blockchain technology and cryptocurrencies.
Those features were essential for ensuring that a certain amount of independence and impartiality was preserved and that the interests of the whole group, rather than simply a select few significant ones, were given priority. The structure also made it possible to take acts instantly rather than at a slower pace which helped avoid manipulation.
Enter DAOs
A clear set of rules written as a computer program defines DAOs, (decentralized autonomous organizations) which are self-managed organizations.
Because the rules are incorporated in their code, a DAO eliminates the necessity for administrators or conventional bureaucracies and enables the organization to operate independently of its participants. Due to its pre-programmed rules, autonomous operation, and consensus-based protocol, Bitcoin is typically regarded as the first fully working DAO.
Decentralized autonomous organizations are immune to corrupt human influence thanks to blockchain technology, enabling autonomy and averting situations where a small number of people are given control. With transparency and openness for everyone involved, DAOs support democratic governance and diversity within the organization. Members are equally motivated and encouraged to act selflessly while making important decisions.
The Dilemma
Particularly among those who are not involved in blockchain or cryptocurrency ventures, DAOs are still not very well known. As a result, DAO solutions lack the necessary instruments for an effective industry breakthrough and are immature and fragmented.
It is also important to note that the majority of DAOs with current toolchains and systems for governance can only address the very minimum requirements of governance. However, they fall short of more complex requirements like combining several decision-making processes, automating governance behaviors, and many more.
Also, it is not financially possible for many enterprises to design individual DAO governance mechanisms; as they are very expensive and are a luxury only firms with surplus research and development capital can enjoy. Smaller companies or those without capital reserves are thus stuck in a bind.
SubDAO was established because the ecosystem was crying for a solution to the problems associated with deploying the required DAOs.
SubDAO: A Multi-chain DAO Protocol
SubDAO is a leading multi-chain DAO protocol, that allows any decentralized organization to quickly construct and administer DAOs. The SubDAO team is convinced that the time has come to upgrade the current toolchains to provide more sophisticated tasks while yet being compatible with small and medium-sized businesses.
To enable decentralized governance across all industrial sectors, SubDAO’s objective is for DAOs of any size to be able to boast of a comprehensive and full DAO governance toolchain with user-friendly, peripheral tools.
Developers and administrators of Ventures DAO can use SubDAO as a comprehensive template as no prior computer programming expertise is necessary for participation.
Additionally, by removing the requirement for ongoing protocol creation and upkeep, this pre-built template simplifies the Governance process. Users just need to adhere to the SubDAO Ventures DAO Template to construct a customized Ventures DAO, which will then automatically establish governance by generating a concise set of rules using smart contracts.
By offering blockchain-based services, the SubDAO team is dedicated to enabling a smooth Web3.0 introduction. You can find out more on their social media handles :
Website: https://www.subdao.network/
Twitter: https://twitter.com/subdao_network
Telegram: https://t.me/subdao
Discord: https://discord.gg/Z8jtYqWbbN
Medium: https://subdao.medium.com/
GitHub: https://github.com/SubDAO-Network/
Wiki: https://wiki.subdao.network/ventures-dao-template/workflow-and-logic