Review Geoma Dao - A Decentralised Autonomous Organisation which cares for the Future..

in #blockchain • 5 years ago

What is Geoma Dao?


The Geoma Dao(geo=earth, ma=management) is nothing else than a Distributed Network of Contributors. The DAO is not created for fast profits, it is created to generate steady and sustainable growth and it lives, communicates and interacts via Smart Contracts on the Blockchain. It will function exactly as Blockchain Technology should:

  • Disrupting the usual way of Governance: There will be no CEO, Upper Management, Middle Management, Lower Management a.s.o.The founders should be regarded as pure contributors to the Network. Their role is simply to oversee and build the first Ownership mass. Most fund-siphoning from the ICO-Market was done by Companies that had a Pyramid structure of governance. This usual type of centralised governance allows individuals to create asymmetric information flows resulting in hazardous outcomes for other individuals. In other words, this type of governance, coming from a strictly regulated World, can easily lead to elaborate scams and manipulation in the, by concept, decentralised World of the Autonomous Organisation.

  • Proposals are the primary way of decision making within the GEOMA DAO.

  • Voting upon a proposal for implementation is a must feature of the GEOMA DAO.

  • Consensus is created if a predefined percentage of contributors agree upon an action.

  • For project implementation, Contractors will be appointed by voting.

  • The GEOMA DAO is created to generate real Wealth for its contributors and bring value
    to society.

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Mutual Fund managed by the power of a DAO


Using the Blockchain to create a shared Economy, Wealth and Ownership.

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Why did DeFi become Scar Scarrow's financial institution?


To answer this question one has to know how Finance works. For simplicity reasons we will give you one simple example:

  • You have a friend in a foreign country and you want to send a certain amount of money for his birthday gift.In USD.
    Let’s say 100USD?
  • You make a transfer from your Bank account and that was it . > After 2-3 days your friend receives the money but to his astonishment he got only 90 USD.
  • What happened ?? The Middle Man, in our case the Bank, took a share of your hard earned money for the only reason that he can.
  • You use his service and you have to pay what he considers to be payed. Transaction costs, exchange from USD to whatever currency your friend is using and other fees.

And now:Your Bank, Your Money

If you would have used a cryptocurrency your friend would have received the amount in seconds, and the transaction cost would have been nothing to zero. You would have cut out the Middle Man, you would have become your own Bank and you would have saved a lot of resources. This applies to Lending, buying Shares in a Company or even for a Hotel Reservation. Decentralised Finance will become a vehicle to Freedom for the individual.

A DAO works only if its members use their intelligence and know how to propose and vote innovative projects.


We propose to split the Project section into two part: Web based Projects and Real World Projects

Web based project should revolve around the idea of a decentralisation, possible proposal could be:

  • Protecting ownership rights.
  • Personal data protection and monetisation.
  • OTC desk from FIAT /CRYPTO/FIAT.
  • VR Educational Game for Children and Teenagers

Real World Projects should revolve around the idea of progressive innovation and cashflow, possible proposal could be:

  • Vertical Farming.
  • Medicinal Cannabis.
  • Green Energy.
  • Real Estate.

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Conclude


This is a simple model, as it acquires a business model of using DeFi and Blockchain technology to create distributed wealth. The original contribution remains intact while it generates benefits. Using real assets, combined with the DAO governance structure, makes the model irresistible. Looking at the near future, where robots will replace a large part of the workforce, we can see that DAO V jar owns a part of the robot force. If people do not organize themselves, like DAO, or in any other way, the entire property created will fall into the 1% hands. 12.5 billion hours of work every day, done by people across the planet at no cost. Global income has passed the stage is just an idea. This is our opinion, one of the most regressive ideas in human history. Imagine sitting around, doing nothing, waiting for some form of income completely controlled by governments and corporations. That's the material for horror movies.

That is why we should try and succeed in Geoma Dao's efforts

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5 years ago in #blockchain by
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