For Circles of Angels (COA), to support many meaningful projects, we need to take into account that the growth in volume of projects also implies an increase in the need for headcount for support — for example: reviewers, partnership with ecosystem enablers, project, admin, marketing managers, auditors, etc.
Despite this challenge, we acknowledge that developing a community in a region takes time. It is necessary to make the platform known, to build trust, to train, to receive feedback and to understand how the authenticity of impact is tracked and the flow of money is managed in that region.
Putting all these points together we saw that it is necessary for the platform to grow without maintaining a totally vertical structure, rather interpreting it as an initial organization and subsidiaries detaching them as if they were bubbles. As they detach and begin to grow on their own, each bubble could maintain some autonomy by naming the affected roles essential to function (the account manager, the general manager, the project curators, etc.).
So, for example, if COA is operating in Taiwan, and someone wants to start a similar offering or subsidiary in Taiwan, they can vote to open it and the proponent becomes the administrator of this new sub-organization. Then, the community that is generated in Taiwan will be able to vote and veto proposals independently from the headquarters.
The technology chosen to implement this structure is called DAO: Decentralized Autonomous Organization, and comprises a series of smart contracts implemented in blockchain that defines how the organization will behave, who will be the members, how a member can be part of the organization, which Actions can be voted and how many positive / negative votes are needed to accept or reject a proposal. The rules are clear and fixed, written in an immutable way and automatically executed, which allows a transparent management of the organization from the beginning.
At the moment, only proposals related to the assignment / revocation of essential positions (project curator, bank operator, administrator) and the creation of new organizations are accepted. This is to allow scaling in the review of projects to be published and in the proliferation of nodes in different regions simultaneously.
In the future, more topics will be added, such as determining compliance with milestones, accepting modifications to the scope of a project and, in general terms, everything that can and should be defined by a majority in a democratic way.