DAOs and Data Unions: Two sides of the same coin

The emergence of Decentralised Autonomous Organisations (DAOs) is bringing forward the best of empowered individuals with a common mission to affect all sectors of life.

With the aggregated power of a community, DAOs will reshape the next wave of impactful companies across sectors while bolstering the sovereignty of each individual.

Data Unions can be one iteration of the original DAO concept, leveraging people’s data into a powerful monetary opportunity for each individual while modelling the principles of the new data economy.

Let’s explore how DAOs rose to popular attention, how they can improve digital sovereignty for people, how Data Unions build upon it, and how you can join.

What are DAOs? The emergence of decentralised ownership for everyone

DAOs are decentralised organisations with their common-law embedded in blockchain technology, managed by the execution of Smart Contracts. In a DAO, the governing law runs on code that executes each action based on the original Smart Contract designed to govern the organisation.

However, each member of a DAO has governing power, usually through the ownership of native governance tokens or another cryptocurrency chosen to fund the organisation. DAO members can unite and introduce proposals to improve the organisation. If the majority approves the proposals, members receive funding and execute them. These improvement proposals can range from technical development to content and marketing.

The emergence of DAOs: From venture capital funds to media organisations, managing billions with crypto at the helm

DAOs have several goals and tackle different sectors while propelling differentiation and innovation. Cryptocurrency and Smart Contracts set DAOs many steps ahead of a traditional company on innovation, governing law, decision-making efficiency, and profit opportunities.

The most notable DAOs range from venture capital funds, DeFi protocols, NFT marketplaces to media organisations.

Why are they different? DAOs are a modern iteration of a company where individuals have more ownership, strategy input, governance power, and more intervention in their outcome.

On a regulatory basis, DAOs still face hurdles to merge into the current legal system. However, efforts have been made in US states like Wyoming to introduce specific legislation that allows for the creation of DAOs as unique types of corporations.

Unions can be leveraged by the rise of decentralisation, DAOs, and crypto

Unions are not a novel concept, but they have always depended on the common goals shared by a group of motivated individuals to see a change in their surroundings. The emergence of Unions across countries led to different effects. Some became prevalent in corporate boards, while others failed to gain traction.

However, never has the concept of a Union been able to leverage their community, goals, and endeavours with a 24/7 and decentralised underlying platform: crypto.

Data Unions: The collective power of data as a distributed organisation

At its core, a Data Union is a decentralised autonomous organisation, gathering people who want to claim ownership of their data and establish new ways to get rewarded for what they deserve.

A Data Union, together with a DAO structure, leverages the power of each individual to turn their collective data into a more valuable resource, while gaining more negotiation power to improve their compensation. With the power of crypto’s decentralisation and an autonomous organisation behind it, people can have more agency over their data, gain digital sovereignty, and leap into the Web 3 emergence.

Why do we believe in this decentralised thesis?

The world is going virtual with the rise of Web 3 applications, digital assets, and the Metaverse. In a decentralised world, people have more agency and control over their decisions while receiving a fair compensation for their endeavours. Beyond increasing their compensation, people have access to a fast and permissionless avenue (e.g., digital assets) to gain more freedom.

The rise of DAOs, the shift of institutions to the virtual world, and crypto becoming mainstream align with this view. We envision a world where everyone can tap into opportunities, take the reins of their future, and get fairly compensated in a decentralised, empowered, and automated way.

Swash: The world’s first and largest Data Union

Swash pioneered the world’s first Data Union, introducing decentralisation and data ownership to people looking to have more power over their data. Swash’s browser extension allows people to keep browsing online, manage their data preferences, and get rewarded for their shared information.

As the Data Union grows, the value of each member’s data increases along with the leverage of the entire community. The Data Union growth allows for a system where the relationships between people and the organisation using their data are ethical, consented (zero-party), and high-quality.

Growing to 220K+ Data Union members with a DAO in the roadmap

Swash’s Data Union has grown to over 220K people by introducing the new Swash App, with a fresh design, more features, lower transaction costs, and more use-cases.

On the basis of the Data Union is the rewarding vehicle used: the $SWASH token. Members receive $SWASH for their data and can earn more by staking or through referral programs. Beyond earning, members tap into a novel ecosystem with more use-cases and benefits while collaborating with other organisations.

Recently, Swash introduced the DAO Ignition program, jumpstarting the future Swash DAO.

By joining, Data Union members can become an early DAO member, earn 300K USDT in a grand prize, trigger Swash to donate 100K USDT to charity, and activate more token burning to drive value back to the ecosystem.

Gain more governance over Swash and its roadmap by joining DAO Ignition.

How to join the Data Union to regain control of your data

Are you ready to join the Web 3 emergence?

By joining the Swash Data Union, you can start regaining control of your data, managing your preferences, and getting rewarded. Your experience online after joining the Data Union will remain the same, but you’ll be earning $SWASH tokens as you browse.

About Swash

At Swash, if it’s your data, it’s your income.

Swash is an ecosystem of tools and services that enable people, businesses, and developers to unlock the latent value of data by pooling, securely sharing, and monetising its value.

• People share their data to earn while retaining their privacy.
• Businesses access high-quality, zero-party data in a sustainable and compliant way.
• Developers set up and build systems within a collaborative development framework with ease.

As the world’s leading Data Union, Swash is reimagining data ownership by enabling all actors of the data economy to earn, access, build and collaborate in a liquid digital ecosystem for data.

Join the biggest data movement in Web 3:

Let’s connect:

Twitter | Telegram | Reddit | LinkedIn | Website | DAO Ignition

Nothing herein should be viewed as legal, tax or financial advice and you are strongly advised to obtain independent legal, tax or financial advice prior to buying, holding or using digital assets, or using any financial or other services and products. There are significant risks associated with digital assets and dealing in such instruments can incur substantial risks, including the risk of financial loss. Digital assets are by their nature highly volatile and you should be aware that the risk of loss in trading, contributing, or holding digital assets can be substantial.

Reminder: Be aware of phishing sites and always make sure you are visiting the official https://swashapp.io website. Swash will never ask you for confidential information such as passwords, private keys, seed phrases, or secret codes. You should store this information privately and securely and report any suspicious activity.

Originally published at https://swashapp.io on March 7, 2022.