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.
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
From salaries to gigs, and bounties to tips, payments can be denominated in Ether, DAI, or any ERC20 compatible token.
Structure your colony into teams, departments, circles, projects, or whatever is appropriate.
Budgets can be allocated to Domains to manage funds via a given set of rules.
Reflecting who did what work, what skills they used, how valuable it was, and how well they did it.
Distribute authority over distinct aspects of business administration. Assign it to people, bots, or smart contracts.
Share revenue between a colony's members proportional to the value of their contribution.
Raise objections, resolve disagreements, and incentivize a colony to self regulate.
A colony may execute external smart contract calls, enabling plug and play governance for Ethereum protocols.
Modules extend the Colony Network's functionality with new stuff for different contexts, like smart contracts to do different kinds of voting, or what the appeal and escalation rules in disputes are, or special payment types.
A meritocratic capital allocation mechanism for distributing ongoing funding between competing recipients.
Leveraging Colony’s Reputation system, votes are weighted according to the demonstrated expertise of the individual.
Colony’s Partial Lock Commit/Reveal token voting mechanism keeps votes secret and avoids bias.
Most decisions should not need voting: as long as nobody objects, proposals get funded in order of support.
The Colony Network is a cryptoeconomic protocol:
software secured by economic incentives, guaranteed by
cryptography, running on a public blockchain.
The Colony Network is:
Anyone can create and operate a colony without the possibility of censorship or third party interference.
Colony is modular and extensible. Developers can easily create modules to provide desired functionality.
Your colony is your own, it cannot be taken away from you, nor the functionality changed without your permission.
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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Ethereum is a global, open-source platform for decentralized applications: public blockchain infrastructure for software developers to write code that can control digital value, runs exactly as programmed, and is accessible anywhere in the world.
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orbit-db is a serverless, distributed, peer-to-peer database. orbit-db uses IPFS as its data storage and IPFS Pubsub to automatically sync databases with peers. It's an eventually consistent database that uses CRDTs for conflict-free database merges making orbit-db an excellent choice for offline-first applications.