A New Paradigm for Decentralised Enterprise
Polity is a new type of enterprise – decentralised network organisation ("DNO"). Polity DNO comprises of
Polity's Decentralised Autonomous Organisation, serving as the highest governance body within Polity DNO, where all POL tokenholders are members. Polity pDAO makes strategic decisions through voting during annual and extraordinary general meetings.
and
Specialised subdivisions of Polity pDAO with clearly defined governance authority over specific domains of responsibility. These Councils are composed of professionally qualified pDAO members, who are elected to oversee and manage their designated areas.
(decentralised governance layer),
A standing management body with elected members and a defined area of responsibility within Polity DNO. Currently, nine Polity Societies are envisaged.
(federated management layer) and
A standing or temporary expert body created either to develop a specific Polity product or to perform certain Polity activities.
(delegated execution layer).
What is Polity DNO?
Polity DNO is a contractual organisation which combines the advantages of decentralised governance offered by blockchain technologies with the best ‘traditional’ governance practices. Polity DNO will be a public, permissioned, professional and project Web3 enterprise:
Public: It will be owned by its tokenholders.
Permissioned: It will apply onboarding criteria for its members to preserve integrity and comply with applicable regulations.
Professional: Polity Builders must all be suitably qualified and vetted professionals
Project: It will operate as a decentralised project management-based organisation.
