Abstract

A look into the Narrative behind the Decentralized System

Africa and the world suffer from consumer product insecurities, a situation rooted in the dynamic nature of the consumer market. Cooperatives present a viable option for consumers to collectively mitigate price surges by purchasing directly from manufacturers or affiliated distributors. However, cooperatives face significant limitations and inefficiencies, including fund insecurity, bureaucracy, lack of inclusion, and limited consumer reach.

Blockchain technology can potentially revolutionize cooperatives by transforming them into decentralized autonomous organizations (DAOs). This transformation can enhance consumer reach through the Internet and create a more sustainable distribution process. In this system, blockchain's permissionless nature ensures the security of decisions, funds, and member cooperatives through a Decentralized Cooperative-as-a-Service (DCoaaS) model.