.png)
Geoma DAO is a Decentralized Autonomous Organization (DAO) that aims at using the blockchain the to create wealth.
THE BLOCKCHAIN PRESENCE
Therefore, when the blockchain technology made thee debut alongside the Bitcoin (BTC) cryptocurrency, it became a ray of hope for many people around the world. If not for any other thing, it is for the fact that many people now stand some chances at making money without being forced out of their gains by any third parties.
THE DOWNSIDE OF THE BLOCKCHAIN WEALTH CREATION TIDINGS
In as much as the blockchain technology is an intermediary-free network and it has the potentialities of creating and distributing wealth evenly, it remains to be seen how it could beat through the current challenges.
One of the reasons why the blockchain technology hasn’t been able to create wealth as expected is because of the limitations of the Decentralized Autonomous Organization (DAO).
WHY GEOMA DAO?
What is the idea behind the Geoma DAO project? Haven’t we had many DAO projects and platforms that ended up falling into the same ditch that they wanted to avoid and cover up? So, what makes Geoma DAO different and better than the others?
First, it is important to point out that Geoma DAO is a special kind of DAO. It is working round the clock to ensure that the primary aim of the Decentralized Autonomous Organization (DAO) (as would be discussed below) is fulfilled.
The Decentralized Autonomous Organization (DAO) is an additional decentralized and intermediary-free network that is there to help the Distributed Ledger Technology (DLT)/the blockchain technology to achieve the decentralization mantra. The idea is that the blockchain technology, if it were to be hijacked and controlled by the government or any other platform that succeeds to take over it, would no longer function independently. Therefore, it is important to have a “backup” in the form of the Decentralized Autonomous Organization (DAO).
Now that DAO came into the picture, it helped to chart the course of a New Economic Model that is not susceptible to external interference. The DAO also took advantage of the existing blockchain-based structures to create a socially conscious Economy, Improvement of Lives and Wellbeing, as well as in Distributing Wealth accordingly.
HIGHLIGHTS OF GEOMA DAO
Below are some of the working features of the broader Geoma DAO ecosystem.
CONTRIBUTORS AND NOT OWNERS
The Geoma DAO platform will be functioning the same as the blockchain technology does. To that end, it will be decentralized, and free of any central controls. Besides that, it doesn’t aim at having some people to call the shots, such as CEO, Upper Management, Lower Management, and Middle Management.
Instead, the only people that will be part of the decision-making processes are the Contributors, of which they will be voted by the other participants in the broader Geoma DAO ecosystem.
CONSENSUS
Consensus is also important in the Geoma DAO platform. Herein, the aim is that agreements and universal approval must be sought before any decision made on the platform can be carried out to the later.
It is also pertinent to point out that a predefined percentage or number of Contributors must agree or vote for a proposal before it will be considered that consensus had been attained.
CONCLUSION
In spite of the fact that the blockchain technology has many potential use cases, the challenges it faced triggered the launch of the Decentralized Autonomous Organization (DAO) to help the blockchain technology where necessary.
Now that the Geoma DAO platform has been launched and looks good to do well too, it is certainly the best time to be a blockchain user, as transparency, security, and even distribution of wealth are guaranteed.
USEFUL LINKS
Website: https://www.thegeomadao.com/
Whitepaper: https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view?usp=sharing
Telegram: https://t.me/geomachat
Twitter: https://twitter.com/thegeomadao
YouTube: https://www.youtube.com/channel/UCys4E09zDz9xjlyKiBZwr_g?view_as=subscriber
AUTHOR’S DETAILS
Bitcointalk Username: Bestmanbuka
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2125805
Eth Address: 0xf2381481B9A4C2226371d39e3CC4E63b7A1C3D30
