How to foster innovation through Decentralized Autonomous Organizations

Challenge Form for DAO 

 

Title: How To Foster Innovation Through Decentralized Autonomous Organizations(DAO)

 

Case Partner: PhillipCapital Innovation Center

 

Problem Statement

Decentralized Autonomous Organizations (DAOs) are the foundation of Web3, the creator economy and the future of work. We would like to invite you to help design a DAO that fosters innovation and promotes a creator economy.

What We Are Looking For?

Your proposed DAO solution can cover one of the following:

  • Design a DAO with efficient and seamless voting mechanism 
  • Design a DAO efficiently implementing and governing community-focused business initiatives
  • Design a DAO for creators to monetize their work effort
  • What are the best practices in on-boarding and managing participants in the DAO
  • Your own DAO ideas

Possible Use Cases

DAOs may be possibly used in the following use case scenarios (examples only):

  • Setup social groups, research groups
  • Future online communities
  • DAO for fund-raising and grant management
  • Investment DAO
  • DAO for setting-up and growing ecosystem startups

What’s in for you?

Join the potential accelerator programs and receive community grants to implement the DAOs.

Evaluation Criteria?

  • Solution Fit: to what extent does the proposed solution address the problem statement? 
  • Solution Readiness: how ready can the proposed solution go to the market from an idea? 
  • Solution Advantage:
    • Is the solution cost-effective and genuinely innovative?
    • Does it make use of the technologies in a nice manner, and can it potentially generate new Intellectual Property (IP)?  
  • Team profile: 
    • Do the team members possess a strong business / scientific / technical background?
    • Does the team have a good passion and interest in implementing the next stage of the solution, for example, the Proof of Concept (POC) or Minimum Viable Product (MVP)?