The Web 3.0 company, MetisDAO Foundation, released koris; a smart contract-based platform that enables decentralized organizations to operate and manage communities through an end-to-end operational infrastructure.
In an announcement shared with Cointelegraph, the company said that Koris aims to convert Decentralized Autonomous Organizations (DAOs) into DACs or “Decentralized Autonomous Companies”, providing an operating system consisting of various governance and management tools.
The team believes that while CAD platforms have collective decision-making and operational functions, they can be taken further by providing tools that help grow businesses in the Web 3.0 space.
Chelsea Kubo, co-founder and COO of Koris, stated that there is a growing demand for DAOs with greater transparency in management. And he added:
“These infrastructures and management models are reflected in a DAC, and KORIS serves as a platform to help companies stand out in a Web 3.0 space. That being said, large enterprises and Web 2.0 companies just need to get started to take this step.”
The project is currently in closed beta phase. However, the company claims that, in the future, anyone will be able to create their own DAC on Koris. This includes established Web 3.0 companies and people who want to create their own community.
DAOs have recently received a lot of support for their development. Aside from Koris, the World Economic Forum (WEF) has also expressed its support for DAOs by publishing a toolkit on January 17. The document contains the work of more than 100 contributors and is intended to provide a starting point for DAOs to develop effective governance, operations, and legal strategies.
In a podcast episode The Agenda, DAO co-founders like TheLaborDAO and theCaféDAO sat down with Cointelegraph’s Jonathan DeYoung and Ray Salmond to discuss the state of worker rights in America. The group explored how DAOs can strengthen worker rights and how Blockchain technology can play a role. You can find the episode on our site in English here.
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