I am a bit new to both the concept of DAO and also block-chain, but I see a big potential in it to change the way our socioeconomic system works today for a more energy efficient and environmentally friendly civilization based on mutual prosperity.
I have been looking at the current economic system from the perspective of productivity and how we could maximise productivity. Therefore, I am sharing what I have in mind and I believeit overlaps with what the communityis alreadydoingin many aspects. So please feel free to comment, about the following ideas:
If we consider an economic system as a mechanism that creates aggregate value (GDP) to meet the aggregate demand by using energy, consuming natural resources and leaving a footprint of the human activity, therefore, the most productive economic system would be a system which consumes the lowest energy and natural resources while leaving the minimum footprint.
I can see that Gitcoin has been mainly used to create value among the software developers, but I was wondering if there is a way to map the global value chain in a DAO.
In this global DAO people can buy and sell goods and services, but they can also offer their skills and expertise. This global DAO acts as a global company that the customers of the company are the employees of the company and everyone in the company has one share. Smaller companies could exist as a network of individuals who come together and produce goods and services with known value for the input energy, material and labour and known output product value. Each individual’s work has a Standard Operating Protocol (SOP) and it requires a skill certificate. Therefore, a group of people can come together and start a business and decide how to share the profit among themselves. The global DAO acts as a combination of all the markets, including the job market (imagine a platform that combines Amazon, Ebay, LinkedIn, Google, online banking, etc.).
The block-chain can carry the currency, certificates, SOPs, the intellectual property such as patents, etc. However, the economic information is available to everyone, and the labour can move freely, and new companies can form to compete freely. I am personally interested in a currency with a minimum monetary exposure in a form of an accounting blance sheet assigned to everyone with a limited debt equally available. Therefore, everyone starts at zero, and by purchasing, one’s account goes to negative (debited), and by creating value and selling it, it goes to positive (credited). Therefore, there is no central way to create money.
The information of SOPs are available to everyone, and the direct democracy decides which rules apply to the society. One rule that I would apply is a 50/50 share of improved value-added for each SOP between the inventor and any business which implements it. The other one would be setting a rule that each producer needs to include the reversal price of the environmental modifications to its organinal state in the price of products.
By implementing such a system I expect that the price of goods and services to be reduced in comparison to the income. The origin of products and they are made is known. It would be possible to perform environmental or accounting audition. The society always works towards more efficiency and conservation of the environment. The risk of AI in an unenqual economy could be mitigated. And in an event of a pandemic, war, or natural disaster, humans could have a higher chance of survival.