Governance Technology

The Solidity programming language is used to create the smart contract code for a decentralised autonomous organisation (DAO). Members of the DAO may submit proposals and cast votes on them, with the results of the vote deciding whether the proposal is approved or rejected. The contract implements a number of events, including "ProposalSubmitted," "ProposalVoted," "ProposalPassed," and "ProposalFailed," to track the status of proposals. The agreement also includes a voting process where members can support or reject a proposal, and the results are tallied. A proposal is deemed successful if it receives more than 50% of the vote; otherwise, it is deemed unsuccessful. The mathematical operations of the voting process are carried out securely by the contract using the "SafeMath" library.