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by macandcheese 3178 days ago
Genuinely curious, how would this affect the way we work differently than, say, a SaaS product that powers decision making at an organization with voting / assignment of tasks. What is the inherent advantage to using Ethereum to power this? I'm not _trying_ to be cynical, I just struggle to see how this is anything more than shoehorning a new technology into an existing product / space. Not saying it's not cool or that it should be dismissed because of that, it seems like a great proof of concept and it seems executed well, but I fail to see any real benefit to this to an "organization" (Perhaps my assumption of an organization being a business is my problem here) over a SaaS product that does the same thing.

> Rather than centralised ownership and hierarchical management, smart contracts distribute ownership according to the value each individual contributes, and influence.

So it's like Asana with a reputation system?
1 comments
AgentME 3177 days ago
Using Ethereum means that everyone can agree on the state of the system without needing to place trust in any central authorities. You don't have to trust whoever is running the service to not accidentally or maliciously change the data or force a change in the software. You don't have to worry about the service going down (business says they're pivoting / gets bought out) and arguments about multiple different members setting up new accounts at different services claiming theirs is the true one that everyone should use (putting that member effectively in charge). The Ethereum blockchain provides a durable recording of the organization state.

I'm not familiar with Colony at all, but if the above are possible concerns -- that you need durable consensus between individuals without enshrining any of them as fully trusted -- and especially if you want to manage money/value too -- then using Ethereum is a good fit.

I agree that blockchains seem to be a buzzword that are shoehorned more than necessary, but depending on Colony's goals then they may be the actual target market for Ethereum.

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