Colony is a protocol for self-organizing teams that run via software rather than paperwork. In a typical organization, the rules for decision-making, compensation, ownership, and seniority exist in documents. Colony encodes those rules in smart contracts deployed on the Ethereum Blockchain. This approach to work is:
1. Trustless. The Ethereum Blockchain enforces the rules of an organization. Members can’t break the rules or change them arbitrarily at the expense of other members.
2. Open. Strangers can collaborate on a colony without formal hiring processes, contracts, or fear of being cheated. Participation is open and fluid.
3. Meritocratic. In this trustless, open system, members earn payment or ownership commensurate with their contributions to the colony.
4. Networked. Anyone can take on work in the Colony Network and be rewarded for quality output. No existing marketplaces provide this degree of access and choice.
Put simply, Colony is infrastructure for “open organizations”: self-organizing teams that run via software, not paperwork.
AmpliFund is the leading purpose-built grant management platform designed for state, local, and tribal governments to manage every phase of the grant management process. Our configurable solution provides a full suite of features needed by grant funders and recipients to maximize grant outcomes, meet performance standards, and increase compliance so they can achieve their missions.
Firms or companies exist in order to create value by using resources to create products or provide services.
However, intermediaries and third parties such as governments decrease the output of those organizations by imposing restrictions and creating complex regulatory frameworks.
Aragon was born to disintermediate the creation and maintenance of companies and other organizational structures.
We were very inspired by Nobel prize Ronald Coase and his amazing paper The Nature of the Firm and Yochai Benkler's Linux and the Nature of the Firm. Both explore the concept of company.
We believe that blockchain and the Internet are changing the incentives structure for companies to exist, and we are building tools for the next generation of companies that will take advantage of these changes.