How DAOs Can Meet Growing Community Needs with Composable Development
Understanding how composable development can power the future of DAOs
DAOs are increasingly becoming a popular way for communities to come together and build a solution that caters to the community as well as the wider world without relying on a centralized authority for decision-making. However, one particular challenge that the DAOs have been facing is their limited ability to scale and meet growing community demands, particularly in their early years due to a lack of resources.
Composable development is an approach to software development that emphasizes on modularity and interoperability between different components of an application and leverages pre-built components to build and scale applications. In the context of DAOs, this means building DAOs from a collection of smaller, pre-built building blocks that can easily be combined to create new functionalities, build an app, or scale the existing solution.
In this blog, let’s discuss how composable development enables DAOs to scale quickly and meet growing community demands:
Scalability
With growing community needs, it is essential for DAOs to be able to adapt and scale quickly. Composable development allows DAOs to add new functionalities or adjust their decision-making mechanisms without having to start from scratch or overhaul the entire system. With composable development, DAOs can easily create and test new functionalities and quickly integrate them into the larger DAO structure based on community approvals.
Let’s take an example to understand how composable development can empower DAOs to meet community demands and scale their organization with limited resources. Imagine a Decentralized Autonomous Organization (DAO) comprised of a group of highly skilled professionals aiming to create a web3 dApp marketplace. To achieve this, they utilize a composable development approach, allowing them to modularly build and seamlessly integrate individual components.
After evaluating multiple proposals, the DAO votes on the most needed functionalities to begin with and delegates tasks to its members. Due to the modularity of the composable framework, the members can work in parallel, resulting in a faster development process.
Thanks to the modularity of the composable framework, each team can work independently without compromising the seamless integration of each component. This not only allows the DAO to quickly roll out new features but also improve the user experience of its marketplace.
Interoperability
Interoperability is crucial for DAOs because they need to be able to work with other organizations and applications. Composable development allows DAOs to easily integrate with other applications and systems, enabling greater collaboration and data sharing.
For example, if a DAO wants to integrate with a decentralized exchange or another application, it can reuse its existing modules or create new ones quickly based on business-specific needs. This interoperability enables DAOs to work more effectively with other decentralized technologies and applications.
Flexibility
As Web3 is still a nascent industry, flexibility is key for DAOs considering the constantly-changing environment. Composable development allows DAOs to quickly modify and customize their offerings to meet the specific needs of their community.
For example, if a DAO decides to change its voting mechanism or add a new role to its governance structure, it can do so easily by reusing existing modules or creating new ones that seamlessly integrate with the existing system. This flexibility allows DAOs to stay responsive to the needs of their community and adapt to changing industry conditions.
Code reusability
Composable development enables DAOs to reuse code from existing dApps, enabling them to focus on creating unique applications that meet the specific needs of their community without having to reinvent the wheel.
For example, a DAO that manages a decentralized governance platform can reuse the smart contract code from an existing voting platform to enable voting on proposals within the governance platform. Furthermore, existing smart contracts and dApps have already been audited and tested, reducing the risk of bugs and vulnerabilities in the new contracts.
Collaboration
Composable development further enables DAOs to collaborate with other DAOs or organizations. For example, a DAO that manages a decentralized insurance platform may collaborate with a DAO that manages a decentralized lending platform, creating a joint platform that provides both insurance and lending services to the community. This collaboration can lead to the creation of decentralized ecosystems that provide a wide range of services to the community.
How Cardstack can help?
Soon to be launched, Boxel allows you to build full-fledged dApps from ideation to launch by assembling pre-built components from a catalog of mini-applications known as ‘Box’. Boxel provides pre-built components for composition, integration, orchestration, runtime, and new dApp development, enabling you to design an interface that contains all the concepts and data models, including the front-end and back-end to build an application. Boxel can also be used to scale existing businesses to add new features at pace and meet evolving customer needs.
Read more about the future of blockchain technology below.
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