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Colony is an open source framework for Decentralized Autonomous Organisations (DAOs). Our tools allow groups of people to collectively manage money, make decisions, and receive compensation according to their merit, without the need for trust or tedious bureaucracy.

Colony is a distributed team that occasionally (pandemics permitting ) convenes somewhere in the world to work and hang out together. The rest of the time, we communicate over Discord. It’s a dynamic environment that requires grit, flexibility, self-motivation, and a sense of emoji etiquette.

Colony is a protocol for self-organizing teams that run via software rather than paperwork. In a typical organization, the rules for decision-making, compensation, ownership, and seniority exist in documents. Colony encodes those rules in smart contracts deployed on the Ethereum Blockchain. This approach to work is:

  1. Trustless. The Ethereum Blockchain enforces the rules of an organization. Members can’t break the rules or change them arbitrarily at the expense of other members.
  2. Open. Strangers can collaborate on a colony without formal hiring processes, contracts, or fear of being cheated. Participation is open and fluid.
  3. Meritocratic. In this trustless, open system, members earn payment or ownership commensurate with their contributions to the colony.
  4. Networked. Anyone can take on work in the Colony Network and be rewarded for quality output. No existing marketplaces provide this degree of access and choice.

Put simply, Colony is infrastructure for “open organizations”: self-organizing teams that run via software, not paperwork.

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