The core of Datafund’s mission is to build an open-source and secure data exchange protocol available to everyone. When it comes to technology managing personal data such technology should not be owned or controlled by anyone and it should be available to anyone to review. And as time progresses the only sensible thing to do with such a public good is to completely decentralise its governance and development. Which is a difficult, multilayered task because of all the stakeholders involved.

And since decentralised governance is not at the core of our project we have no quarrel with accepting more capable hands to help us. That’s why we’re proud to announce that Datafund is entering an official partnership with DAOstack to help us develop and implement decentralised governance into our protocol.

Who better than DAOstack

DAOstack was a no-brainer for us because at the moment there is no other solution that comes even remotely close in terms of possibilities and depth of understanding of decentralised governance. Having known DAOstack’s founder Matan Field from before our work on Datafund had even begun made this choice that much easier.

We’d also like to take this opportunity and welcome Matan into the ranks of our esteemed advisors. Matan is one of the most prominent researchers and advocates of decentralised governance, and it is an honour and a privilege to have him onboard.

What is DAOstack

DAOstack is designed to catalyze the future of collaboration. It’s a platform for decentralized governance that enables collectives to self-organize around shared goals or values, easily and efficiently. DAOstack is sometimes called an operating system for collective intelligence, or a Wordpress for DAOs (Decentralized Autonomous Organizations).

The platform, which launches in spring 2018, includes a modular smart contract framework, a friendly JavaScript developer environment, and an intuitive user interface that allows anyone to participate in a decentralized organization without technical knowledge.

The way DAOstack uses blockchain technology brings true transformation to governance. Just like Wikipedia, DAOs will not have a central HQ, so there won’t be a need for a central governing body. Everyone that wants to participate in the processes of decision-making and adding value can do so. And for the first time in history we have the technology to design economic incentives at the individual level without losing decision-making coherence at the organizational level.

Our firm belief is that individuals should have the control without the middlemen. DAOstack brings this to life when it comes to setting up a governance system, where everyone can participate, allowing for the first time cooperation coordination on a truly global level.

If you’re curious about decentralised governance, you can check out DAOstack’s website, where you can also find their excellent short film. You might also like to read this DAOstack explainer article, or join their Telegram to ask questions. DAOstack is holding a public sale for GEN tokens starting on May 8th.

In the following weeks we’ll describe in greater detail how we intend to implement decentralised governance for the Datafund protocol.

If you want to join us, follow us on the following channels:

Telegram / Twitter / Website / Medium