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Smart contracts to power day-to-day Web3 company operations

Smart contracts to power day-to-day Web3 company operations

MetisDAO Foundation, a Web3 firm, has launched Koris, a smart contract-based platform that enables decentralised organisations to operate and manage communities through an end-to-end operational infrastructure. 

Koris, according to an announcement, aims to convert decentralised autonomous organisations (DAOs) into DACs, or “decentralised autonomous companies,” by providing an operating system comprised of various governance and management tools. 

While DAO platforms have collective decision-making and operational functions, the team believes they can be expanded by providing tools to help Web3 businesses grow. 

Koris co-founder and COO Chelsea Kubo stated that there is a growing demand for DAOs with increased management transparency. She went on to say: 

“These infrastructures and management models are reflected within a DAC, and KORIS works as a platform to help businesses excel in the web3 space. “Having said that, it is only a matter of time before large enterprises and web-based companies follow suit.

The project is currently in closed beta testing. The company did, however, state that in the future, anyone will be able to create their own DAC on Koris. This includes both established Web3 firms and individuals looking to start their own communities. 

DAOs have recently received a lot of encouragement to grow. In addition to Koris, the World Economic Forum (WEF) expressed its support for DAOs by releasing a toolkit on January 17. The document is the result of the efforts of over 100 contributors and is intended to serve as a starting point for DAOs in developing effective strategies in governance, operations, and legal matters. 

Co-founders of DAOs such as The Labor DAO and the Café DAO sat down Jonathan DeYoung and Ray Salmond in an episode of The Agenda podcast to discuss the state of workers’ rights in the United States. The group discussed how DAOs can strengthen worker rights and how blockchain can help.

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