Web3 knowledge graph protocol 0xScope Labs and web3 finance platform Safe Treasury have formed a partnership to launch the DAO Transparency Alliance. This alliance advocates for decentralized autonomous organizations (DAOs) to publish treasury addresses for on-chain financial reports and money flow in order to build a culture of trust on Web3, which in turn promotes fair markets and investor protection.
People who make the decision to join the alliance will be given access to a transparent treasury dashboard, which will increase the community’s trust and their willingness to contribute. Second, a decrease in the potential for loss of money via the implementation of anomalous transaction alerts inside the organization to prevent misconduct on the part of employees and attack warnings from the outside.
Then asset management and planning, which includes doing an assessment of the risk posed by DAO assets, improving the accuracy of cash flow projections, and finally, they’ll have access to risk warning of counterparties and transactions.
The web3 knowledge graph protocol claims that it has developed an in-depth connection with the academic community and has asked the DAO researcher Xiaotong Sun to serve as their academic adviser. The PhD student has apparently previously made a number of contributions to academic research on DAO innovative governance.
0xScope says:
“In the future, we will jointly promote the construction of DAO transparency standards: delineating information disclosure boundaries and formulating information disclosure dimensions and data indicators.”
The protocol added that it intends to support the establishment of transparency standards for companies and institutions that are part of the Web3. These standards would include defining information disclosure borders, deciding disclosure dimensions, and establishing data indicators.
