A Decentralized Autonomous Organization (DAO) is a blockchain-based system that operates without a central authority, relying instead on smart contracts and member voting for governance. The University DAO aims to bring together multiple universities as nodes (participants) to collaboratively decide on a course curriculum.
Key Features:
- Nodes as Universities:Each university acts as a node in the DAO.This decentralized structure ensures that no single university has overarching control.
- Voting Mechanism:Decisions, such as course curriculum updates, are made based on a democratic voting system.A 51% vote rule is implemented, meaning that a decision passes only if more than half of the participating nodes agree.
- Benefits:Transparency: Every vote and decision is recorded on the blockchain, making the process tamper-proof.Decentralization: Decisions are made collectively, reducing biases or dominance by a single institution.Collaboration: Encourages universities to work together to design courses that meet global and regional standards.
Example in Action:
Suppose a curriculum update is needed for a blockchain development course. Each university in the DAO would:
- Propose changes or improvements to the curriculum.
- Vote on the proposed updates.
- If more than 51% of universities agree on a proposal, the update is automatically approved and implemented.
This system fosters collaboration, ensuring the curriculum stays relevant and reflects the collective expertise of all participating universities.
