On-Chain Meritocracy

Reputation, quality of work, social capital and experience are already being used by DAOs to make decisions about how to treat specific members, but if these qualities could be inferred from an on-chain record, DAOs would become more autonomous and permissionless. Decisions could be made automatically, such as unlocking new spaces or granting great... See more

Core to the tenets of web3 are the notion of self-sovereignty through cryptography, the ability to organize into global communities that resonate with our tailored values and interests, and the redistribution of network value back to users through incentivized participation.

The core ethos of web3 is:1) taking away the middle-man by enabling true peer-to-peer social and transactional relationships and2) rewarding people based on their actual contributions, both financially and through social recognition.

Web3 will offer new and optimized ways to enable, recognize, and reward social capital. Due to its decentralized nature, proof-of-X will not be determined by a single centralized platform or middle-man but can be negotiated and defined differently by every bespoke community.

This highlights the need for on-chain reputation systems. On-chain reputation systems will capture our actions that occur on blockchains: our contributions to DAOs, our governance voting history, our token holdings, and more. Ultimately, reputation systems will use these on-chain actions to make predictions about how we will act in the future to ma... See more

In an interoperable world, a contributor's work to one community can be leveraged in another, as on-chain data and smart contracts are largely interoperable by default. Reputation is another currency coveted within a traditional corporation, and one that is often lost in the realm of purely individualized work. There is no standard for inter-organi... See more