There are some things which one can only learn through experience, either one’s own, or that of others. In this post, We would like to offer a bette

The History of the DAO and Lessons Learned

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2021-06-17 21:00:09

There are some things which one can only learn through experience, either one’s own, or that of others. In this post, We would like to offer a better understanding of what we have learned during the last 9 months.

Various people have attempted to tell the story of the DAO, but only observed a small part of it’s history. There is a large amount of false information circulating, we hope that throughout this post, we can offer a clear historical timeline of the DAO and the lessons we have learned in the last 9 months.

Slock.it started over a year ago with an ambitious vision: connecting all kind of smart locks to the blockchain, enabling them to receive payments directly and be used to rent, sell or share just about anything. We call this the Universal Sharing Network, and at its core lies the Ethereum Computer, a small home server mediating interactions from legacy locks to the blockchain.

After developing the prototypes, we immediately recognized their potential and, in turn, the need to scale the business in order to build the foundation of a decentralized sharing economy. We presented our vision and the prototypes at devcon1 in London, and received amazing feedback.