This Polkadot-Based DAO Aims To Make Decentralized Governance More Accessible

A new decentralized autonomous organization is determined to be a DAO for all other DAOs.

In a narrow sense, the goal of SubDAO Labs is to provide small and medium-sized organizations with the tools they need to transcend centralized governance models and form functionally rich, effective and sustainable decentralized autonomous organizations.

The DAO governance model "has gone from obscurity to the preferred form of governance for most blockchain projects," and SubDAO believes one of the biggest stumbling blocks to its widespread adoption is "for smaller organizations or organizations that don't have enough money to develop their own governance tools." is unrealistic."

While organizations like Aragon and DAOHaus already provide usable tools and smart contracts for basic governance needs such as voting and fund management, other more advanced but more general needs, such as decentralized arbitration, based on A credit lending platform, a DAO-governed social media platform, and a decentralized communication platform--SubDAO said: "It is difficult to satisfy with the existing tool chain."

More broadly, however, SubDAO is executing on the mission it has repeatedly mentioned in its blog posts, with ambitions far beyond cryptocurrencies and blockchain.

“Our vision is to integrate DAO governance into every aspect of life, to eliminate oppression by exposing everything to the sun. Eventually, the concept of hierarchy will be eliminated and everyone can embrace freedom.”

The DAO structure "makes it possible for the old social system to undergo drastic changes," said SubDAO, predicting "major changes in society when DAOs mature enough to replace traditional organizations."

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To enable this integration, SubDAO is building a platform for creating and managing DAOs on Polkadot, a decentralized proof-of-stake blockchain. Polkadot, created by Ethereum co-founder Gavin Wood, went from below 100 to the top 10 by market capitalization in just a few weeks in August and September.

At the heart of the platform for creating and managing DAOs is the four-part SubDAO Network, designed to make creating custom, feature-rich DAOs a quick and easy process that takes just a few clicks within 15 minutes. The Substrate-based platform includes nodes, software development kits, user interfaces for applications, and a library of SubDAO smart contract templates.

The future goal is to provide DAO templates for corporations, non-profits, educational organizations, venture capital and fund management groups, and even governments.

SubDAO is a cross-chain platform that provides the infrastructure to create and maintain DAOs on Polkadot. It connects these DAOs to DApps that can access off-chain data and creates a bridge from the current centralized Web 2.0 to the IPFS-based decentralized Web 3.0.

growing support

SubDAO has raised millions of dollars from more than a dozen funds, including OKEx Blockdream Fund, CMS Holdings, Signum Capital, Huobi Ventures, and Hypersphere Ventures.

SubDAO was also key to launching the Polkadot DAO Alliance in March, which has now grown to 16 members. The development of decentralized governance aimed at expanding the Polkadot ecosystem, with the ultimate goal of helping to facilitate a true decentralized web 3.0.

While developing infrastructure and improving DAO governance, the alliance aims to promote and encourage the DAO movement to accept laws and regulations on a global scale in order to gain DAO recognition and maintain its legitimacy.