DAOs (Decentralized Autonomous Organizations) are the next generation of organizational structures. A community of like-minded people collaborates on a common goal without the guidance of a central authority figure.
On the other hand, the boardroom platform makes discovering, transacting, and improving distributed decision-making across crypto networks a breeze.
In this post, we will learn about DAOs, Boardroom, how to discover DAOs, Boardroom features, and projects.
What is a DAO?
DAOs (decentralized autonomous organizations) are organizations that were created to be automated and decentralized. The community is managed by rules enforced on a blockchain, and decisions are made from the bottom up.
The use of blockchain technology to establish a secure digital ledger to trace digital activities across the internet, toughened against forgery by trustworthy timestamping and the dispersion of a distributed database, is typified by decentralized autonomous organizations.
A decentralized autonomous organization (DAO) operates without the need for hierarchical management and can serve a variety of objectives. These groups can create freelancer networks where contracts pool their funds to pay for software subscriptions, philanthropic organizations where members approve payments, and venture capital businesses run by a group.
What is Boardroom?
The Boardroom is a protocol governance and management software designed to help crypto networks make better-distributed decisions.
In exchange for their efforts, the Boardroom allows DAOs to reward users with a direct ownership position in the platform, aligning their success with the forums.
The Boardroom allows stakeholder-owned platforms to scale while maintaining the interests of all stakeholders.
This section will go through some of the key features it comes with out of the box.
Adding a DAO
Adding a DAO to Boardroom is a relatively painless and straightforward process. First, we will click the
Add a DAO button in the top right corner of the page, as shown below.
Then, as shown below, we'll be redirected to a new page where we can fill in all of the necessary information about the DAO.
Voila 🥳, our DAO integration is completed.
Boardroom provides us with vital information about each connected wallet, allowing us to see how active they are and how they voted. Let's look at how we can make changes to our profile.
Let's connect our wallet by clicking on the
Connect Wallet button on the top-right of the page, as shown below.
Next, we will see a pop-up to select our favorite wallet provider to connect our wallet successfully.
We will be redirected to a new page by selecting the profile option from the dropdown menu shown in the image above.
We can view our profile information, including our wallet address, activities in all projects (including voting history and proposals), voting power, and edit and share profile buttons.
Then, by clicking the edit profile button, we'll see how to update our profile information.
This section will teach us how to vote on the Boardroom application. We'll go to the DAO page, where we'll be able to vote.
There are numerous methods for locating the DAO where we want to vote. We can either navigate through graphic cards for each DAO or filter by DAO category in the Boardroom.
We'll choose the Developer DAO project for this article because that's where our associated wallet can vote.
Next, we'll click on the Total Proposals number and see all of the proposals for the Developer DAO, which we can then filter to see only the Active ones.
We'll end up with something similar to what's shown below after filtering only the active ones.
We can now read the proposal's background information, see the current voting results, and vote by clicking as shown below.
A user may be too busy or choose to have a proxy vote on their behalf, which is simple to set up in the Boardroom application.
As shown below, let's head over to any DAO page to set up Delegation.
When we click on Set Up Delegation, a page will appear asking us to select a delegation type, and there may be a charge for gas.
A new pop-up window will appear, asking us to input the Ethereum address we want to delegate. We can also use Boardroom to look for delegates on a leaderboard.
Boardroom Projects and DAO Discovery
DAOs can scale much faster than corporations since they are more internationally accessible and have fewer entry restrictions.
The Boardroom main page is a great place to look for freshly developed or added DOAs. We can also view all projects by clicking on the Explore Dao tab below.
We can filter by protocol, social services, etc.
We can also read additional information, check the treasury, vote, and view the calendar by clicking on each DAO.
This post explores how to discover DAOs on the Boardroom platform and other essential features such as Projects, Voting, Delegation, and profile maintenance.
See you in my next blog article. Take care!!!