Swarm is turning toward decentralized governance, a move that will see the project distancing itself from its original focus on distributed crowdfunding.
The decision comes post the release of a research paper that indicated distributed collaborative organizations (DCOs), which use cryptographic tokens to represent membership in a decentralized organization, are among the 'crypto 2.0 models' that are not much likely to attract criticism from US regulators. The paper was commissioned in association with DATA's Constance Choi and Primavera de Fillippi, research fellow at Harvard Berkman Center.
The topic has been much talked about in recent months, along with rumors that the US Securities and Exchange Commission was looking to eradicate projects that sell cryptographic tokens.
Swarm CEO Joel Dietz suggested that with this phase being over, they are now focusing on encouraging other groups to create "collaborative networks" by offering a suite of solutions that enable its users to issues tokens for organizational management.
"It will all be fully automated, you show up and you say here are the 100 people who I want to be a part of this organization, then they can claim their shares", Dietz told CoinDesk.
