For the biggest part of human history, difficult problems like communicating at distances or agreeing with large numbers of people simply didn’t scale, and because they didn’t scale we built hierarchical institutions to solve them: representative democracy, councils and committees to solve decision making, banks and central banks to solve issuance of currency and hierarchical media organisations because we needed a single voice to tell us what to think.
Then gradually we started to develop solutions that are decentralised, that solve the problem without a hierarchical organisation, and at scale. The internet was the first decentralised communications that scaled to the whole planet, and then suddenly all the hierarchical solutions for communication were no longer necessary – they solved a problem that no longer existed – the problem of it being difficult to transmit information across the globe. Once that problem goes away, the institutions built to solve it, news systems, large entertainment and marketing organisations to create single output products – all of those are no longer necessary and the choice blossoms.
We’re building a platform which applies the same concept of decentralisation to organisations. Instead of requiring vast, stodgy, rigid hierarchies, our platform will make it possible for thousands of independent people distributed around the world to form agile, flexible, decentralised, autonomous corporations owned and operated by their participants in precise proportion to the value of their contribution.