How long have you been in the blockchain industry? Or should I rather ask you how long it took you to discover that decentralization was the sole purpose behind the creation of this technology? Let’s take a quick walk back in history when bitcoin was given birth to by Satoshi Nakamoto, Satoshi stated in the whitepaper that bitcoin was created mainly to provide a border-less means of transaction between parties without having to pass through a centralized financial institution which serves as a third party, that is what I refer to as real decentralization.

This bitcoin technology gave birth to several blockchain projects which have already penetrated most global sectors in term of adoption even with new projects coming up everyday but here comes the great question that has always popped up in my mind, how many of these projects are actually decentralized? I’m sure we all know what the answer is.

Here on my blog, I won’t cease to always bring to you amazing projects that are bent towards disrupting the blockchain industry, on this plight; I’ll like to introduce to you the GEOM DAO platform that is making use of DAO to deliver a completely decentralized platform for everyone.

GEOMA DAO PLATFORM

This is a platform that is focusing mainly on Decentralized Autonomous Organization (DAO) to operate the physical world which in turns will create cashflow and wealth for its contributors.

This platform is made up of distributed network of contributors which are mainly after a sustainable and constant growth that operates on smart contracts rather than chasing after fast profits. These network contributors will be responsible for every plans, actions, decisions and operations on the platform.

The Blockchain

As part of decentralized plan of the platform, the platform doesn’t have a blockchain yet, rather the DAO members will decide whether the platform should build a child chain, build a new blockchain or integrate DApps on readymade blockchains.

You might be wondering why these decisions are not being predefined by the founders of the platform, the truth is that even the founders here are being regarded as contributors in order to ensure an effective decentralized platform, hence, there will be no CEO, upper management, middle management or even lower management. Isn’t that rather interesting?

So now that there’s no centralized system of management on the platform, you might want to ask how decision making process will be done; this is an aspect that that must go through compulsory proposals in which the decision shall be proposed by the contributors, then there shall be implementation of the proposal, thereafter if maximum vote is gotten from the contributors to carry on with the action, there shall be creation of a consensus. Also, the contractor that’ll manage the project shall be voted by the contributors after which the highest voted shall be awarded the project for implementation.

Other interesting features of the platform

The platform also has future plan of investing on real estates, clean sustainable energy and also agriculture. The token models of the platform are in two parts which are the GMD and GMDST tokens. GMD tokens which has a total supply of 21million shall be sold during IEO at the price of 1$/GMD, however, GMDST tokens shall be backed up by real assets and shall be released in the future after the implementation of real world project by the platform.

Conclusion

We have seen so clearly the negative impacts of centralization in the current global economy and even in the blockchain industry, as vital as decentralization policy is in the industry, its so unfortunate that only a few percentage of the projects in this space are implementing it, and this is the sole reason behind the advent of GEOMA DAO platform that has based its platform modus operandi on the decentralized autonomy organization. Projects like this are “one in a million” in the blockchain space and I am sure you all don’t want to miss out on this in the early phase.

For more information and enquiries, kindly check the links below;
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