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cumstances. When an organization is decentralized, it can stand on its merit and without the unhelpful influence of the world around it. INNOVATION The past year has seen tremendous intellectual and financial investment in the blockchain. Everyone from Microsoft to J.P. Morgan Chase are throwing their resources at this technology, and it’s likely to play a significant role in technological development in the next ten years. Therefore, DAOs are on the front lines of innovation, and as blockchain platforms continue to emerge and mature, they will be the most prepared to embrace the future of business and commerce. In short, today’s forward-thinking initiatives are tomorrow’s best practices, and blockchain technology along with decentralized organizations are characterized as such. GROWING PAINS Inevitably there are tradeoffs when making sizable shifts from traditional organizational philosophy. The blockchain is still a relatively new technology, and many of its problems have either yet to be discovered or are still without a wide-scale solution. Moreover, because DAOs are a disruptive force, there is a natural resistance to wide-scale adoption. Since it’s being compared to the early days of the internet, it will have to be embraced with its many flaws or shortcomings. Despite the growing DAO ecosystem, The Economist reports that “The technology today is nowhere near being able to support many of these applications.” Major ef-

forts are underway, particularly by the Ethereum project, to address issues with scalability, and, as with any emerging technology, it will take time before it is as robust as its possibilities promise. A CASE STUDY Aragon is a decentralized organization serving other decentralized organizations. Meta, I know. They are a community governed DAO that provides jurisdiction for DAO disputes. Operating on the Ethereum blockchain, Aragon utilizes smart contracts and community consensus to develop best practices and to resolve issues. The ICO, which launched the Aragon Network Token (ANT), raised more than $25 million, according to Reuters. With just a simple internet connection, companies

can provide employee oversight, execute payroll, and complete accounting. While Aragon is a compelling platform on its own, it is also noteworthy because of what it represents: a community of decentralized organizations striving together to proliferate the capability and functionality of the DAO structure. As more companies participate in this initiative, the DAO structure can become increasingly capable. It’s a cyclical pattern in which popularity produces capability again and again. Of course, it’s difficult to predict precisely how capable or wide-spread DAOs will be in the future. However, they are already ensuring that Bitcoin isn’t the only blockchain initiative demanding everyone’s attention. For more information on the Aragon Project visit 39

ICO Crowd Magazine Issue 4  
ICO Crowd Magazine Issue 4  

D10e’s Mike Costache, Senero, Aragon,Ocean Protocol and many more...