Decentralised Autonomous Co-Operative (DACo-op)
Supp proposes a DACo-op which puts an even focus on the common economic, social and cultural needs and aspirations of its community. Building on a rich heritage of welfare-enhancing co-ops, Supp will implement blockchain technology to build a global DACo-op for the hospitality industry. The DACo-op will be run by rules encoded in self-executing smart contracts designed to reflect the shared principles of the community. In matters which require human interface, such as arbitration, users will be rewarded for their participation. As Supp users physically interact off the platform, the model will achieve positive externalities aside from purely commerce. These will be social and cultural in nature.
The DACo-op model aims to overhaul the traditional gig economy model, where a worker’s wages are ultimately controlled by an entity which seeks to extract value for profit-seeking shareholders. When a gig economy participant’s situation deteriorates, switching platforms is not always a valid option, as platform reputation is siloed and the same network effects which make a platform valuable to users is what makes switching difficult (i.e. for a driver there is not much point in joining an Uber competitor if all the passengers are on Uber). To enable self-sovereign identity, people in the DACo-op will have portable profiles which includes both their data and reputation. Any surplus profits earned by the DACo-op will be distributed to frequent users.