colonyNetwork

About colonyNetwork

An Operating System for Organizations

The Colony Network is a suite of smart contracts, running on Ethereum. It provides a general purpose framework for the essential functions organizations require, such as ownership, structure, authority, and financial management.

Colony Network Capabilities

Every organization is different, so like a computer's operating system, the Colony Network is use-case agnostic, enabling organizations to customize their Colony with smart contract modules providing the rules their organization requires.

*Coming soon!

Payments

Payments

From salaries to gigs, and bounties to tips, payments can be denominated in Ether, DAI, or any ERC20 compatible token.

Domains

Domains

Structure your colony into teams, departments, circles, projects, or whatever is appropriate.

Budgeting

Budgeting

Budgets can be allocated to Domains to manage funds via a given set of rules.

Reputation

Reputation

Reflecting who did what work, what skills they used, how valuable it was, and how well they did it.

Permissions

Permissions

Distribute authority over distinct aspects of business administration. Assign it to people, bots, or smart contracts.

Revenue

Revenue

Share revenue between a colony's members proportional to the value of their contribution.

Disputes*

Disputes*

Raise objections, resolve disagreements, and incentivize a colony to self regulate.

Contract execution*

Contract execution*

A colony may execute external smart contract calls, enabling plug and play governance for Ethereum protocols.

Infrastructure for the Future of the Firm

The Colony Network is a cryptoeconomic protocol: software secured by economic incentives, guaranteed by cryptography, running on a public blockchain.

The Colony Network is:

Permissionless

Permissionless

Anyone can create and operate a colony without the possibility of censorship or third party interference.

Modular

Modular

Colony is modular and extensible. Developers can easily create modules to provide desired functionality.

Self Sovereign

Self Sovereign

Your colony is your own, it cannot be taken away from you, nor the functionality changed without your permission.

Fully Decentralized. No Compromises.

Everything in the Colony stack must, in principle, function without relying on any component that is hosted, owned, or otherwise 'centralized'. It's easy to miss what a big deal that is: it provides users with guarantees that the infrastructure their business critically relies upon is impartial and unstoppable.

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