Colony: Decentralized Autonomous Organization
Colony: Decentralized Autonomous Organization
Gideon Rosenblatt examines the concepts involved in Colony.
Whereas tokens are completely transferable, like shares in a company, reputation is not. In Colony, you earn reputation through demonstrating a particular skill and by applying that skill in a particular domain. So, it makes sense that reputation is both member-specific and non-transferable.
Colony has no interest in being in the game of issuing securities or in enabling its users to issue their own securities. There is a legal reason for this but there is also a philosophical perspective at play. If compensation were based on tokens alone, early ‘investors’ would continue to reap a disproportionate share of the rewards of the work of future members. As with equity shares in a corporation, this earning potential would be freely tradeable, so that a person who’d never contributed any work into a particular colony could buy the rights to much of the future stream of revenues earned by its members.
Originally shared by Gideon Rosenblatt
Is Colony a Glimpse of the Blockchain-based Future of Work?
Colony is a blockchain-based solution for building a Decentralized Autonomous Organization, and it just might change the future of work.
This piece is based on an interview with Colony's Jack du Rose. In it, I explore some of the more interesting aspects of what a blockchain-based solution to organizational structure could do for the way that we recognize contributions at work. It could even change the way that we think of ownership.
#ethereum #colony #blockchain #DAC
http://www.the-vital-edge.com/colony-blockchain/
Gideon Rosenblatt examines the concepts involved in Colony.
Whereas tokens are completely transferable, like shares in a company, reputation is not. In Colony, you earn reputation through demonstrating a particular skill and by applying that skill in a particular domain. So, it makes sense that reputation is both member-specific and non-transferable.
Colony has no interest in being in the game of issuing securities or in enabling its users to issue their own securities. There is a legal reason for this but there is also a philosophical perspective at play. If compensation were based on tokens alone, early ‘investors’ would continue to reap a disproportionate share of the rewards of the work of future members. As with equity shares in a corporation, this earning potential would be freely tradeable, so that a person who’d never contributed any work into a particular colony could buy the rights to much of the future stream of revenues earned by its members.
Originally shared by Gideon Rosenblatt
Is Colony a Glimpse of the Blockchain-based Future of Work?
Colony is a blockchain-based solution for building a Decentralized Autonomous Organization, and it just might change the future of work.
This piece is based on an interview with Colony's Jack du Rose. In it, I explore some of the more interesting aspects of what a blockchain-based solution to organizational structure could do for the way that we recognize contributions at work. It could even change the way that we think of ownership.
#ethereum #colony #blockchain #DAC
http://www.the-vital-edge.com/colony-blockchain/
Thanks very much for passing this one along, Zara Altair. I find this work absolutely fascinating. It's cool to think that something like this might one day provide the structural support we need to make for fairer ways of distributing the income generated by our work together.
ReplyDeleteGideon Rosenblatt Thank you for your thoughtful, in-depth review. Yes, a working model of structural support for fairer ways of distributing income by our work together. This one struck a chord.
ReplyDeleteZara Altair, it will be interesting to see what kinds of organizations will take up something like this first.
ReplyDelete