Individual power has its limits, but collective strength is boundless. Effective collaboration is a fundamental trait of intelligent beings. Despite our interconnected world and advancing technology, collaboration still faces challenges. Decentralized Autonomous Organizations (DAOs) are innovative and hold profound potential. They reshape governance, positively impacting economics, society, and technology. Exploring DAO potential is essential for global-scale collaboration.
Assigning each member a unique DID with a common suffix as their organizational membership credential. For example, for the Red Cross: tim.icrc, amy.icrc. Regardless of the occasion, displaying this DID signifies one's identity. This makes it easier for organizations to identify their members and for members to recognize each other.
Through SoulFrag, member contributions can be permanently linked to their DID in the form of SBT (Soul-bound Tokens). For example, translating a certain amount of materials, organizing specific events, publishing numerous articles, completing mandatory courses, and more.Members can easily showcase these contributions and achievements through their d.id Profiles.
Voty offers a Topic Grant mechanism where all members can propose ideas within a specific theme, and the best proposal is selected through member voting. This mechanism effectively sparks creativity among organization members, allowing innovative ideas to emerge. Check out an example here.
The operation of any organization often requires essential funding. Accepting donations is a common method of fundraising. Organizations can set different amounts for DIDs with varying character lengths. Donors contribute the corresponding amount and can select a corresponding DID as their donation credential. This credential serves as an acknowledgment and a symbol of honor for the donor.