Blockchain, DAO, Holacracy and HR Organsiation Design
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The document discusses the impact of blockchain technology on human resources and organizational design, highlighting its potential for revolutionizing resume authentication, payment processing, and employment management. It introduces the concept of Decentralized Autonomous Organizations (DAOs), which operate on blockchain with complete transparency and token-based governance, allowing decentralized control and decision-making. The document emphasizes that while blockchain may bring intrusive technology into the workplace, its adoption will depend on employee trust.
Blockchain, DAO, Holacracy and HR Organsiation Design
- 1. 1Copyright © 2017 Mahindra & Mahindra Ltd. All rights reserved. Blockchain, DAO and Organisation Design or “What has Blockchain got to do with HR???” Jaspreet Bindra @j_bindra [email protected] www.startopiablog.com
- 2. 2 Blockchain started off as the most hyped tech in 2016… Gartner’s Hype Cycle, Emerging Technologies
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- 5. 5 Massive disruptive applications across businesses Credits : BTCS.com
- 6. 6 Blockchain in HR Resume` Authentication: Recruit Technologies and Ascribe Get paid as you go: Chronobank.io Educational degrees on the Blockchain, available on tap : NSDL “Imagine having all your employment related details associated with your electronic signature in one block – security access, insurance, payroll, expenses, work performance, employment history, psychometrics etc. The employment contracting process would effectively be redundant. You could work almost immediately, with quick payment.”
- 7. 7 The BIG Impact, however, could be on the Organisation Structure itself…
- 8. 8 Traditional Org Structures give the CEO vast powers
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- 11. 11 What is a DAO ? • The DAO is an organisation formed by crowd funding (or crowd-founding), and its by-laws are entirely written in code • It controls $100mn in assets, and it exists entirely on the Ethereum Blockchain • In exchange for supporting The DAO financially, backers get DAO tokens, which they can then use to vote on the direction of the organization. They can use their tokens to vote on big governance issues (akin to traditional shareholders) but also on minute details of how The DAO spends its resources. In this way, token holders have total control over The DAO’s assets and its actions. • People with projects they’d like to build for The DAO can submit ideas in the form of a proposal written in plain English accompanied by smart contract code. The code automatically executes payments so long as certain agreed-upon conditions are met. Because this is all built on top of Ethereum, which allows for robust smart contracts, this can all be done autonomously • It’s something between a traditional corporation, a VC fund and a Kickstarter — only entirely decentralized, democratic and existing only in code. The DAO is a paradigm shift in the very idea of economic organization. It offers complete transparency, total shareholder control, unprecedented flexibility and autonomous governance
- 12. 12Copyright © 2012 Mahindra & Mahindra Ltd. All rights reserved. 12
- 13. 13 There is already one such OD Construct
- 14. 14Copyright © 2017 Mahindra & Mahindra Ltd. All rights reserved.
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- 16. 16 Blockchain Startup of the Year - 2016 Colony makes it easy for people all over the world to build companies together online. Colonies are kind of like companies, except instead of being managed by fallible individuals, Colony harnesses the wisdom of the crowd to make sure that the right things get done by the right people, at the right time.
- 17. 17Copyright © 2012 Mahindra & Mahindra Ltd. All rights reserved. 17
- 18. 18Copyright © 2017 Mahindra & Mahindra Ltd. All rights reserved. “Potentially intrusive technology will be introduced in the workplace, but only at the speed of employee trust.”