Boardroom- Revolutionizing Governance | Get actionable links to Participate directly on your wallets via EPNS.

Several users are still scratching the surface of the crypto space by understanding basic terms like cryptocurrency, blockchain, etc. but you must have come across the terms DAO and Governance in the crypto space once or twice.

Due to the paradigm shift of the traditional world to a digital realm, it has become imperative that the communication between users in the crypto space be frictionless and smooth, as the users are from all around the world.

The recent development in the Blockchain relating to Decentralized Autonomous Organization (DAO) has made it all the more necessary for a seamless communication channel between all the users of a DAO Blockchain model.

Let’s talk about what exactly is a Decentralized Autonomous Organization (DAO)?

DAOs help like-minded people around the world to form a community that enables them to work safely and effectively.

They are internet-native businesses collectively owned, managed, and controlled by the members of the DAO. They act as venture capital funds or have in-built treasuries that cannot be accessed by anyone without the proper approval of all the members. There is no possibility of CFOs manipulating the books or CEOs utilizing funds from the treasury as all the decisions are taken by proposals and the members collectively vote on the following proposals ensuring everyone has a voice in the organization.

Owing to the DAO, members do not have to trust each other as everything on the DAO is encoded in a code as all the rules of DAO are embedded into the code.

DAOs work on smart contracts, once a rule is baked into the smart contract it can only be changed or altered through a vote by all the members of the organization. And since the treasury is defined through smart contracts no one has the right to use any money without the collective approval of the members. Thus DAOs make intermediaries or central authorities redundant and give the decision-making power to all the members, each having their own voice, in the organization.

Moving forward, let’s talk about Governance in the Blockchain.

Governance is a structure that all members of the Blockchain have to adhere to.

Due to most companies being centralized in nature their leaders usually govern them. On the contrary, Blockchains are decentralized in nature governance provides a system of managing and incorporating alterations or changes to the blockchain. Governance lays out the rules for making changes to the Blockchain protocols, these changes are proposed by Developers through the update of codes, and members of the Blockchain vote on the proposed changes whether they accept or reject the proposal.

What is Boardroom?

Boardroom enables members to frictionlessly take part in the Governance of hundreds of DAOs. It is protocol-agnostic governance and management platform that makes the distributed decision-making process efficient and effective across crypto networks.

It provides a simple interface for voting and engaging on the proposals or protocol decisions with an inherent governance management platform aiding to improve collective decision-making on proposals of the protocols.

As a DAO member, it is not easy to keep up with all the latest proposals due to the increase in the number of DAOs and Governance Framework. There are no central platforms for members to see the latest proposals as every DAO has a different interface. This will result in fragmented discussion and voting channels, making it overwhelming for the users to take unnecessary actions and efforts to engage with the DAO network they are a part of.

But Boardroom provides a solution for that, it makes it easy for a member to vote or signal on protocols that they are a part of in one single platform. All proposals requiring the member’s vote from any project that they are a participant in are on the Boardroom Dashboard making it a frictionless experience for the member to partake in the decision-making process of each and every protocol in which they are a member. It provides all voting requirements of all the DAOs the users have joined at a glance.

Boardroom provides DAO contributors with the following actions:

Voting: Vote and signal on any proposal via their wallets and choose manual delegation.

Delegation: Users can delegate their voting power to someone else after going through the voting history of a delegate out of the list of delegate profiles.

Overview: An overview or summary of Instadapp, a smart wallet having an intuitive interface, its governance framework or process, and other relevant stats on the Instadapp Overview Page.

Proposals: Members can check a list of current and past project governance proposals and details related to individual proposals.

How will the collaboration between Boardroom and EPNS be useful?

Boardroom provides users with the convenience of going through all the proposals put up by DAOs they are a part of at a glance which results in improves distributed decision making across different stake-holder-owned protocols or crypto networks. Instead of fragmented discussions and voting channels, the Boardroom Dashboards provide a standardized interface, discussions, and proposal viewing. Yet, without a decentralized push notification service, the users have to constantly check their messages, telegram, Twitter, or email for staying up to date with the latest and current activities on the DAOs which results in lower engagement and participation levels and provides a lackluster experience for the members of the DAOs.

Under the ‘pilot program’ collaboration between Boardroom and EPNS, users who subscribe to the EPNS channel of Boardroom can receive immediate updates and notifications directly to their linked wallets. The notifications will also provide an actionable link to the users for encouraging users and easy and active participation.

Through this collab Boardroom, users will benefit by receiving timely notifications about new proposals, discussions, voting, and the result updates too. Thus ensuring that users do not miss important timelines for voting and if they can’t vote they can delegate their vote to someone before the voting deadline closes. Boardroom users can mould and customize notification formats and settings for different protocols or product needs. EPNS and Boardroom together can meet the ever-changing requirements of the users of Boardroom.

Even with the collaborative platform provided by Boardroom the deficiency of a decentralized Push notification will be met by EPNS by providing instant updates to users and improving the distributed decision making across crypto networks all the more.

The collab will allow technical discussions toward constructing a verbal exchange layer this is effective and bendy for the maximum worrying governance needs.

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