DAO as the new Blockchain project to run startups

After six months, the work of DAO is now supported by a strong team, sponsors and developers
05 December 2017   671

6 months ago it became known about the DAO concept, which would allow working with blockchain technology without the CEO approval. This idea was tested, but after it was forgotten and abandoned. 

To date, the centralized system is not as effective as before, as it has become almost impossible to make a large team of employees to work for the benefit of others. Moreover, in order to implement meaningful projects, it is necessary to have a lot of money and a developed infrastructure, which is possible only for the government, military and large organizations. It is the DAO that deals with this problem. The DAO platforms will not only reduce financial and time costs, but will also allow the creation of complex projects.

DAO turns all existing business rules into ciphers, while reducing the array of work. Furthermore, it will be possible to improve, modify and add something new in a few minutes.

Reducing costs will entail: the creation of a new system of the whole business, which will exceed the traditional and systemized system. It will also allow to take forward the advanced places to such organizations as Oracle, SAP, Microsoft and will reject intermediaries. Centralized organizations spend weeks, years on creating startups, but DAO platforms will help them to get out just in the lunch hour.

There are 3 projects: Aragon, Colony, and District0x, which are already engaged in the development of such a project. Aragorn, for example, suggests creating branded property with the help of digital coins. District0x actually operates on the basis of Aragon, but it has additional functions for decentralized organizations that enable the management of the market.

District0x and Aragon together create a legal, technical and operational infrastructure. As for Colony, it has a few other functions, it helps in establishing fairness between superiors and ordinary employees.

DAO is a new model for coordinating all employees of organizations, which is built on three platforms Colony, District0x, DAOStack. In the near future, such a system will attract the attention of large organizations and bring production to a new level.

MEW to Launch KYC-less Crypto Withdrawal

Service is available in Euro and Francs to all bank account holders with an international bank account number (IBAN)
21 February 2019   77

MyEtherWallet, a popular cryptocurrency wallet, in collaboration with the Swiss company Bity, introduced the Fiat service, which allows you to exchange digital assets for euros and Swiss francs without verification.

It is noted that the service is available to all bank account holders with an international bank account number (IBAN).

Bity is able to offer this kind of KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss Anti Money Laundering Ordinance (AMLA). This, along with technology that helps verify proof of wallet-ownership, allows Bity to realize the friendliest kind of user experience — frictionless, secure AND regulatory compliant.

MyEtherWallet Team

To use Exit-to-Fiat, the user must specify Bity as the service provider in the asset exchange section. You will also need to provide a phone number, bank account details and a billing address.

This information is transmitted to Bity to comply with legal requirements and is not stored by MyEtherWallet.

The maximum transaction size is limited to 5,000 francs (about $ 5,000).