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.
Holochain delivers the promises of blockchain with a mashup of proven tech that provides self-owned data, a distributed database, and peer accountability.
Holochain is an open-source framework for creating peer-to-peer applications that are secure, reliable, and fast. Instead of depending on servers, Holochain applications connect user devices directly to each other in secure networks. This gives users the best of both worlds — the autonomy and availability of locally installed software, with the power and redundancy of cloud software. Application developers, in turn, no longer have to maintain and pay for cloud hosting.
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