Organisations are for the majority of the world challenging to incorporate and set up. The process is often long, unnecessarily complex, and costly. Running an organisation is also still a very manual and time-consuming process. Board votes, taking payment and paying suppliers, much of an organisations time is wasted running the organisation rather than serving the customers. Blockchains, smart contracts, crypto-tokens and other decentralized tools, might for the first time since the creation of the corporation with limited liability in 1612. This organisational innovation demands new models of borderless, virtual decentralized governance to allocate digital resources and assets.
Aragon is building a platform for the creation and management of digital organisations, or more specifically decentralized autonomous organisations (DAOs). Using Ethereum smart contracts and IPFS, Aragon allows anybody to set up a digital organisation in minutes. A company interface allows ownership to be allocated by assigning DAO-specific tokens, payments to be made and received, and votes to be cast. This is just the beginning, apps are already in development for things like payroll, data and code management. The Aragon project is still early and can’t yet compete with traditional organisational registration for the vast majority of people. But the benefits of going blockchain-first will start to become comparable as crypto adoption grows and more people become comfortable interacting with chains and tokens. Aragon could be the platform enabling the next Xero, Box, and Asana to be built all utilising all underlying protocols of The Stack.