Consensus 2022 attendees talk Web3, DAOs with founder of Prismatic
The DAO House was a platform for guests at Consensus to learn about decentralized autonomous organizations (DAOs), and the event included several of the most innovative and creative groups and builders in this quickly growing sector. DAO expert Natalie Salemink, CEO of Prismatic, a DAO spin-off and tools project, gave a lecture on DAOs and next-generation frameworks as one of the segments. Salemink is also the founder of Skadi Labs, a venture capital firm that focuses on DAO-tooling startups.
The talk covered a variety of themes and schools of thinking about DAOs, including their emergence and potential philosophical impact on future organizations.
The talk began by addressing the coordination problem — the challenge of developing a system that encourages people to collaborate effectively, as well as the legitimate concerns that various potential solutions raise. Salemink discussed how the most typical approach for traditional companies to cooperate at large dimensions is through a top-down chain of command, which has a number of problems, including excessive bureaucracy, inefficient incentive structures, and a lack of ownership and autonomy.
“I’m sure there’s a better approach,” Salemink remarked.
Alternatives to standard organizational systems are discussed by Natalie Salemink.
Her suggestion is based on the concept of polycentric governance. Nobel Laureate Elinor Ostrom’s study is referenced by Salemink as a key tenet behind the concept of a top-down ranking hierarchy, in which groups of people with a common, overarching objective self-select and organize into cooperative sub-units. Polycentric governance is built on harnessing a group’s collective expertise and using the incentive structures that come with shared ownership.
However, the topic of how to build and manage these systems was raised. Organizing is a process, and the end result is an organization.
Salemink began his talk by discussing natural organizational structures, particularly those found in ant colonies.
Salemink spoke about organization, yet they work well together on a variety of non-trivial tasks, such as weaving nests and building sophisticated, water-resistant tube networks.
These are examples of emergent behavior, which occurs when the components of a system interact and produce new behavior that would be inconceivable if they were isolated.
“From stock-trading algorithms reinforcing each other’s signals to the neurons in our brains,” Salemink added, “emergence and complexity can be seen everywhere.”
When behavior cannot be predicted accurately, precise rules and hierarchies are not required. Instead, one should concentrate on creating holistic environments and incentives that encourage the emergence of collaborative, adaptive structures, so that complex systems might arise spontaneously as a solution to the coordination problem.
Salemink is a leading DAO expert in the blockchain space, CEO of Prismatic and founder of Skadi Labs.
For more information, follow on Twitter at @PrismaticFi, @SkadiLabs or @DeFiChick; Telegram at @NatalieDeFiChick or visit Prismatic.fi.
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