A Decentralized Solution - Fayhr

A brief Introduction to the Fayhr Cooperative Ecosystem

We closely examined the nature, impact, and complexities of cooperatives. We realized that decentralized governance, sustainable operations, and blockchain technology can make co-ops inclusive, scalable, effectively manageable, and profitable for their members. Consequently, we implemented an open structure that allows users to seamlessly join cooperatives offering consumer, SME, housing, and farming products and services. This open infrastructure is inclusive, requiring only a smartphone and internet access. It is also open-source, allowing anyone to offer services and products to co-op members. Additionally, it is manageable and scalable, as blockchain and decentralization enable us to secure and raise funds and organize users into regional and interest groups through DAO-governed cooperatives known as Sub-Coops.

This open infrastructure is called Fayhr (pronounced as Fair), a Decentralized Cooperative-as-a-Service. Fayhr simplifies the management and operations of co-ops into an ecosystem where participants work together to ensure the sustainability, growth, and development of both members and the platform. Fayhr consists of the following components:

Decentralized Cooperative-as-a-Service defined by Fayhr.

1. Fayhr Oracle: The polling, governance, staking, segmentation, and contribution smart contract.

2. Fayhr Slots: NFTs representing shares in a particular crowdfund at a given time.

3. Fayhr Contractors: Member managers or firms offering and distributing products or services to Sub-Coops.

4. Fayhrers: Community volunteers who aid contractors in distributing products to co-op members within the contractors' region of operation.

5. Members: Individuals who contribute funds to Fayhr crowdfunds within the Sub-Coop region to enjoy resulting products or services.

6. Sub-Cooperatives: Decentralized or DAO-governed regional or product/service interest groups that collectively make decisions and contribute funds to acquire goods and services through Fayhr contractors assigned to or elected by them.

7. The Fayhr Cooperative: The decentralized body governing the Fayhr platform, comprising Sub-Coops, Fayhrers, members, contractors, partner firms, Fayhr Labs, and the Fayhr Cooperative Association. Each plays a role in ensuring the ecosystem runs smoothly, with their roles explained in subsequent sections.