The new decentralized autonomous organization is intended to be the DAO that serves all other DAOs.

Narrowly defined, SubDAO Labs’ goal is to provide small and medium-sized businesses with the tools they need to move beyond centralized governance models and build rich, efficient, and sustainable decentralized autonomous organizations.

By claiming that the DAO governance model “has gone from obscurity to the preferred form of governance for most blockchain projects,” SubDAO believes that one of the biggest obstacles to its widespread use is that it is “impractical for small organizations or those who have it. There is not enough funding to develop tools to manage them.

While organizations such as Aragon and DAOHaus have provided tools and smart contracts that satisfy basic governance needs such as voting and money management, there are other more advanced but common needs such as decentralized arbitrage, lending platforms for loan-based, social media regulated by DOA. media platforms and decentralized communication platforms – “Existing tool chains are difficult to satisfy,” says SubDAO.

But in a broader sense, SubDAO fulfills a mission that it has repeatedly referred to in blog posts, and the ambitions go far beyond crypto and blockchain:

Our vision is to integrate DAO management into all aspects of life by exposing everyone to sunlight and eliminating oppression. Eventually, the hierarchical concept will be removed and everyone will be able to accept freedom. ”

SubDAO states that the DAO architecture “allows the old social order to undergo disruptive change,” and predicts that “when DAOs are mature enough to replace traditional organizations, there will be significant social change.”

Basic details
To achieve this integration, SubDAO is building a platform to create and manage DAOs on Polkadot, a Proof of Stake candidate decentralized blockchain. Created by Ethereum founder Gavin Wood, Polkadot has gone from the 100 weakest cryptocurrencies to the top 10 by market value in just a few weeks in August and September.

At the heart of this creation and management system is the four-part SubDAO network, designed to quickly and easily create customizable feature-rich DAOs with just a few clicks in 15 minutes. The underlying platform includes nodes, a software development kit, an application user interface, and the SubDAO smart contract template library.

Additional information from SUBDAO
In the future, the goal is to offer DAO templates to companies, non-profit organizations, educational institutions, venture capital, asset management groups and even government agencies.

SubDAO is a multi-threaded platform that provides the infrastructure for building and maintaining DAOs on Polkadot. It connects these DAOs to DApps that can access data offline and create a bridge between the existing central Web 2.0 and the IPFS-based decentralized Web 3.0.

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

The latter came with a new strategic partner, co-founder of Hypersphere and former head of Web3 collaboration, Jack Platts.

SubDAO was also involved in forming the Polkadot DAO Alliance in March, which has now grown to 16 members. To expand the development of decentralized management in the Polkadot ecosystem, the ultimate goal is to promote the development of a truly decentralized Web 3.0.

In addition to developing the infrastructure and improving the governance of the DAO, the Alliance seeks to promote and encourage the DAO movement to comply with legal and regulatory requirements around the world in order to achieve DAO recognition and maintain their legitimacy.

Source: CoinTelegraph