Anonymous Smart Contract Driven Orgs and Funds

One of the biggest things that first came out of Bitcoin and blockchain was initially Decentralized Autonomous Organizations (DAOs).  This concept has evolved with Colored Coins, Counterparty, and Ethereum since then.  Of course there have been (big!) bumps in the road. The Ethereum DAO being seen as securities by the SEC is one good example.  Along with the DAO hack which wreaked havoc and caused a lot of drama.

But in hindsight these were all just growing pains of a young technology. Not to say these were not big issues. But with any new technologies there are some casualties. When real world money is involved this can make things more painful for those affected.

Fast forward to today with projects like Aragon

Aragon is a very well thought out project with the end goal of allowing anyone to create an organization run by a decentralized application that leverages the Ethereum blockchain and smart contracts.

One of the biggest advantages Aragon and similar projects offer is transparency. Being that all distribution, voting, and accounting is on the blockchain it forces transparency with those who are invested in your organization. You can pay employees with Ethereum and use the native Aragon token (ANT).

Taking it to the next level

With the use of blockchain and associated technologies like smart contracts and decentralized apps (DApps) there is the additional step to make them (mostly) anonymous.

This could be achieved by also using Tor and other anonymizing tools to add another layer to your decentralized organization. Perhaps bringing in a new generation of  DAOs that become Anonymous Decentralized Autonomous Organizations (ADAOs).

With the growth of decentralized and anonymous services a new paradigm has come about allowing for entire organizations to be formed and managed regardless of participants nationality and physical location. There will be, as we have already seen in the cryptocurrency markets push back from the old guard. Namely the IRS and SEC. But as with all newer technologies there will be an eventual acceptance since by it’s nature decentralized and anonymous services are hard to stop.