The solution's core will utilize Cardano's native multi-sig wallets and enrich them with a management interface. The collective/enterprise/business wallet is central since it contains all the wealth of a unit. Whoever controls the wallet controls the organization. Around this core, we will build three main features for business owners:
- Transparent Governance: On-chain companies governance including compensation and corporate actions such as profit payouts. This includes also a
- Contribution Reward System: Many new established companies are looking for alternative ways of organizing work: contribution-based pay and natural hierarchies, and team building. Our system will include management tools enabling such new forms of organizations.
- Smart and Inclusive Decision Making: Besides allowing an alternative way to organize work, the tool will have the possibility to create a repeating decision funnel in which ideas are proposed to contributors and decisions are refined based on their feedback.
- Access to Defi: Certain products like lending might be already usable for companies. However, we see more specific applications such as Supply Chain tracking already being developed on Cardano. Anchoring such applications on the Enterprise Operating System enables smooth administration of all elements of operations.
- Efficient Bookkeeping: A tool to write and receive invoices in ADA, native stablecoins, or any other Cardano based tokens, including an open API to connect to other sources of transactions.
We collaborate with an external parter on this contribution, the Resourceful Human GmbH based in Berlin (https://resourceful-humans.com). RH has been in the field of building frameworks for successful networking organizations for the last decade. They have worked with large cooperations as well as startups. We are proud to bring such a strong partnership with us into the development.
Resourceful Human GmbH Partnership aims to design an optimal governance system for around 150 people. Limiting the Governance to the number of people is rooted in the assumption that groups are better managed if the leadership can establish a social connection with everyone in the group. The number 150 is starting point and not a final conclusion.
Waya Collective
This proposal is part of Waya Collective in the sense of being a building block of it and therefore developed within the Waya framework (https://wayacollective.com/project-catalyst/). However, it is an independent solution which will be made available to the ecosystem and benefit everyone.
Waya Collective is a DAO built on Cardano with the aim to leapfrog industrialization by building a new economy. Starting in Africa, Waya builds new industries from the ground up and utilises Cardano to scale across the world.
The Enterprise Operating System in the Waya Ecosystem is called "Autonomous Collective Operating System" (Enterprise = Autonomous Collective).
(Read our White Paper for more Context: https://wayacollective.com/wp-content/uploads/2022/03/Waya_Collective_A_Decentralized_Autonomous_Production_Network.pdf)
This challenge aims to get Cardano as base layers into companies. Having an easy way to create on-chain entities and enable them to engage Cardano based B2B services is precisely what is needed to facilitate the B2B adoption of Cardano.
The biggest challenges of adoption of crypto overall for companies that we could observe in our previous work are twofold:
- Lack of knowledge: Many companies are simply not aware that Cardano / the blockchain could address the challenges they face.
- Inability to change: large organisations have considerable switching cost
We propose to help new companies to be set up on Cardano and grow with them; thus, we can address both points above. New company founders will look for information actively, and we build an education funnel from there. By setting up new companies as on-chain entities, we skip changing an existing organisation.
However, when it comes to the project itself, we see another set of two main challenges:
- Will we gather 150 people within our Community Contributor working group?
- Will we build a product that satisfies this proposal's rich set of requirements layout?
Failing to reach less than 150 people working group within 12 months would indicate a severe flaw in marketing the group - in that case we will adjust the marketing. Both teams collaborating on this project have built and shipped working tech products to clients. We are confident we will publish working enterprise wallet containing the basics of the layer of our governance within 12 months.