In the year 2022, the ‘Omicron’ variant has devastated the entire world. The United States has reported more than 1 million new infection cases in a single day, while New York has hit 33% COVID-19 positivity rate. In France, a new record of over 270,000 cases has also been reported in a day.
This is the third year that the world has been living with the pandemic, and the world has gone through some radical changes in response to it. We cannot help but wonder – will the pandemic end in 2022? How should multi-national corporations and businesses position themselves to gain a competitive edge?
As the pandemic continues to wreak havoc on the world’s economy, many nations have turned on their money printing machines. Statistics have shown that the currency in circulation increased by 4 billion notes, or $212.8 billion dollars between June 2020 and June 2021 in the United States. The amount of fiat currency in circulation is at an all-time high, and this trend will only get worse if the pandemic persists.
However, a solution has popped up in recent years, and that is decentralized autonomous organizations (DAO). The emergence of DAOs have changed how the organizations around the world are developing, and is poised to revolutionize the world as we know it. A brilliant example of this would no doubt be HyperDAO, and the organization should continue to dominate headlines in 2022.
As a core infrastructure under the new Web 3.0 model, the strengths of HyperDAO lies in its decentralization and autonomy. It has no leaders or central management, and every single member within the group is empowered to make a true difference. The easiest way to understand what HyperDAO is doing is to compare it with another traditional organization, and you may begin to understand the advantages that its model can confer. For example:
1. HyperDAO attracts talents from around the world for a common cause;
2. HyperDAO creates value through its activities, which in turn solves some of the pressing issues that are threatening society;
3. HyperDAO creates job opportunities and allows its members to attain financial success.
Creating a Better Form of Organization with HyperDAO
Compared to traditional enterprises, HyperDAO has way more advantages. It does not have a centralized hierarchy, nor does it have formalized positions. Every major decision within the group is decided by the members within. In addition, each member in HyperDAO has a desire to see the organization succeed, since the rewards are automatically distributed evenly. This means that the quality of their effort would be far higher than any traditional enterprises.
HyperDAO employs advanced blockchain technology and smart contracts to fulfil autonomous community governance, thereby solving the issues that are plaguing traditional enterprises. In addition, the DAO model that the organization uses help to solve three of the most pressing issues that businesses are encountering:
1. Unequal Wealth Distribution
In a traditional enterprise, most of the value created goes directly to the investors, and the employees will only receive a very small portion of their deserved remuneration. However, a DAO will share its returns equally with every single member, and that is usually done through smart contracts.
The ownership of a traditional enterprise boils down to several technical and legal jargon that few people would understand, and registering for a business comes with several barriers-to-entry. However, almost anyone can create a DAO, and the success of a DAO comes down to determination; only the fittest DAO would be able to survive, and they must attract the strongest members, capital and other resources to win. This means that the success of a DAO is distilled down to factors that are easily understandable, and the rules are fair and transparent.
3. Motivated by Profit
In an enterprise, the core motive that drives them is profit, while resource allocation and employees’ welfare are typically not of high priority. This is the way it has been, and it will probably continue to be the way in the future.
In contrast, HyperDAO is primarily motivated by its purpose. Its main objective is to solve a problem, or create value for society. Profit is not its core priority, but is a side-effect of its value creation.
If HyperDAO places profit above all else, some of its members would actually leave the organization; some members are here to make the world a better place, and monetary value holds no place in their hearts. This means that HyperDAO has positioned itself to be a righteous organization with highly motivated members, and can thus set out to achieve all its goals efficiently.
In 2022, HyperDAO will continue to make major strides as one of the world’s leading DAO.