{"id":427835,"date":"2022-04-07T09:00:17","date_gmt":"2022-04-07T06:00:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/docklands-dao-plan-to-help-melbourne-precincts-recover-from-the-pandemic\/"},"modified":"2022-04-07T09:00:17","modified_gmt":"2022-04-07T06:00:17","slug":"docklands-dao-plan-to-help-melbourne-precincts-recover-from-the-pandemic","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/docklands-dao-plan-to-help-melbourne-precincts-recover-from-the-pandemic\/","title":{"rendered":"# \u2018Docklands DAO\u2019 plan to help Melbourne precincts recover from the pandemic"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3717d340429\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3717d340429\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/docklands-dao-plan-to-help-melbourne-precincts-recover-from-the-pandemic\/#%E2%80%9D_%E2%80%98Docklands_DAO_plan_to_help_Melbourne_precincts_recover_from_the_pandemic_%E2%80%9C\" >&#8221; \u2018Docklands DAO\u2019 plan to help Melbourne precincts recover from the pandemic  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_%E2%80%98Docklands_DAO_plan_to_help_Melbourne_precincts_recover_from_the_pandemic_%E2%80%9C\"><\/span>&#8221; \u2018Docklands DAO\u2019 plan to help Melbourne precincts recover from the pandemic  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvM2Y5ZWFkZTctODY4Zi00YjE5LTllZDUtZjE3ZTAxY2NlNDMyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>The Royal Melbourne Institute of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">Technology<\/a>\u2019s (RMIT) Blockchain Innovation Hub has released a report proposing the implementation of pilot Decentralized Autonomous Organization (DAO), to assist specific precincts in Melbourne\u2019s CBD in recovering from the impacts of the pandemic.<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.rmit.edu.au\/content\/dam\/rmit\/au\/en\/for-business\/blockchain-innovation-hub\/digital-cbd\/blockchain-innovation-report-2.pdf\">report<\/a>, which is part of a five-piece <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of reports funded by the Victorian Government in Australia, details how blockchain technology \u2014 specifically DAOs \u2014 can be used to help cities like Melbourne recover from a lack of economic activity during the pandemic and to survive into the future with the likely persistence of hybrid working arrangements. <\/p>\n<p>Created in consultation with the City of Melbourne, the state government and local businesses, the report outlines a detailed and actionable plan for a DAO pilot program called the \u201cDocklands DAO\u201d which would be implemented in the Docklands precinct of the Melbourne CBD.<\/p>\n<p>The report\u2019s author is Blockchain Innovation <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/rmitblockchain.io\/\">Hub<\/a> researcher <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/maxparasol\">Dr Max Parasol<\/a> \u2014\u00a0 also a contributor to Cointelegraph Magazine. <\/p>\n<p>He told Cointelegraph that DAOs offer cities an innovative way to utilize anonymously pooled data to optimize resource allocation, increase overall efficiency, and create opportunities for strategic placemaking (collectively reimagining and reinventing public spaces.) <\/p>\n<p>A DAO is an crowd sourced entity governed by token holders and organized around a specific set of rules enforced on a blockchain.<\/p>\n<p>\u201cDAOs incentivize participation, so those who work for the DAO will get more governance capability and so on\u2026 ultimately the community gets to decide the governance mechanisms,\u201d Parasol said.<\/p>\n<p>DAOs have witnessed a rapid global uptake as the technology becomes increasingly utilized by an increasingly wide array of organizations seeking to explore the possibilities offered by the blockchain-based digital voting mechanisms. <\/p>\n<p>At the end of 2021 more than 1.6 million people were involved in a DAO at some level, a colossal increase from just 13,000 total DAO participants at the beginning of the year. <\/p>\n<p>Parasol added that the Docklands DAO was designed to solve what he calls the \u201cdouble shock\u201d problem, where local areas need assistance recovering from economic fallout of COVID lockdowns, while also adapting to the new reality of a hybrid work-from-home model. <\/p>\n<p>Parasol believes that DAOs are an essential step in the perfection of the \u201csmart city\u201d, which is a concept for a city that uses different types of technology such as voice detection and movement sensors to collect specific data.<\/p>\n<blockquote><p>\u201cSmart cities were initially designed as public private partnerships with governments and companies who collect data and then reverse engineer that data to make a smart city.\u201d<\/p><\/blockquote>\n<p>Parasol added that DAOs take the ambiguity and centralized control of data out of the equation, \u201cInstead of smart cities being controlled by centralized partnerships between governments and data services like Cisco, DAO\u2019s give the action of data to a given community\u201d<\/p>\n<blockquote><p>\u201cWith the Docklands DAO, you get a specific type of DAO called a \u2018data trust\u2019, where information \u2014 like people flow data \u2014 gets handed over to the DAO in an anonymous and secure manner, then the DAO makes decisions about what to do with that data\u2026 It\u2019s all based on community governance.\u201d<\/p><\/blockquote>\n<p><strong>Related: <\/strong><strong>How do you DAO? Can DAOs scale and other burning questions<\/strong><\/p>\n<p>Communities adopting DAOs as a potential way to make their local areas more efficient is becoming increasingly common. In Sept. last year, a DAO based in Austin, Texas, called ATX DAO was launched in a move to educate citizens and surrounding governments about cryptocurrency while also providing funding for new programs in the local community. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/docklands-dao-plan-to-help-melbourne-precincts-recover-from-the-pandemic\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; \u2018Docklands DAO\u2019 plan to help Melbourne precincts recover from the pandemic &#8220; The Royal Melbourne Institute of Technology\u2019s (RMIT) Blockchain Innovation Hub has released a report proposing the implementation of pilot Decentralized Autonomous Organization (DAO), to assist specific precincts in Melbourne\u2019s CBD in recovering from the impacts of the pandemic. The report, which is&#8230;<\/p>\n","protected":false},"author":1,"featured_media":427836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvM2Y5ZWFkZTctODY4Zi00YjE5LTllZDUtZjE3ZTAxY2NlNDMyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75186,74983,75566,77345,74355,20358,61514],"class_list":["post-427835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-dao","tag-decentralization","tag-report","tag-smart-city","tag-adoption","tag-australia","tag-research"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=427835"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/427836"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=427835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=427835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=427835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}