Modern businesses have increasingly veered toward ‘flatter’ organizational structures, leveraging their advantages for greater financial success. In contrast to the hierarchical structures of more traditional companies, these more modern structures enjoy the benefits of greater collaboration, as employees are more comfortable in coordinating and communicating their concerns. As a result, companies with flatter structures enjoy various advantages, including increased innovation, overall productivity, and revenues, and even a decrease in operational costs. Because of these advantages, flatter organizational structures continue to enjoy greater and greater popularity, especially as organizations move away from more traditional systems in light of the COVID-19 pandemic.
As the logical continuation of leveraging flatter organizational structures, technologies for decentralization have become increasingly popular for more future-oriented companies like TripleOne.
Showcasing itself as the world’s first decentralized business, TripleOne aims to be at the forefront of such developments with a full-fledged system for digital and decentralized collaboration. By combining a set of proprietary systems and technologies with a global network of participating companies, TripleOne intends to enable users from all over the world to participate in collaboration through votes, recommendations, and deciding on the overall future of TripleOne projects, companies, and other business ideas, including various investments.
The idea here is that the world’s greatest, most innovative ideas are not monopolized by a few elite people that businesses can recruit. Instead, these are built by collaborative teamwork, with members who pitch in ideas and refine them until they come up with a practically fool-proof solution, having been subject to several rounds of value improvements.
Another feature that makes TripleOne uniquely egalitarian is the fact that users and other individuals cannot invest finances or any other resources in the company. Funding for the company comes only from its own entrepreneurial ventures and investments as well as funding from the personal finances of TripleOne founders. Only a user’s active participation in the TripleOne system is considered for business decisions, with all aspects of decision-making remaining fully transparent and equitable to all participants. With this model, there is very little opportunity for pure conflict to come into play and mess up the kind of creative collaboration espoused by the company.
WIth TripleOne’s decentralized structure, individual users are fully empowered to make and recommend decisions for the entire company. The developments caused by the COVID-19 pandemic have served as encouragement for more companies to fully adopt decentralization. As the conduct of business continues to move toward online and remote methods, the utilization of novel technology can allow for decentralized models to be adopted to an unprecedented degree. This adoption, pioneered and mastered by TripleOne, is expected to come with all the advantages of increased collaboration and overall productivity, with the added benefit of significantly lower overhead costs.
Although placing the fate of a company on the decisions of online users may seem at best to be a high-risk venture, TripleOne’s systems ensure that the collaborative efforts of its users are all leveraged toward the company’s common good. Central to this system is a proprietary technology that allows users to recommend projects, ideas, and other business decisions that are then voted on by other users. Other aspects of this system include provisions for rankings, badges, jobs, and investments, among other features that work together to ensure that the TripleOne concept remains highly flexible while ensuring that collaboration is leveraged toward overall performance.
The TripleOne system awards active user participation through the awarding of permanent Segments and temporary Points, which dictate the user’s share of the monthly TripleOne budget. Other methods for rewarding positive user performance include a ranking-based progression system that serves as a sort of “credibility factor” for users and allows them access to greater perks and features, including access to special parts of the website as well as private products, services, and discounts from TripleOne’s global network of participating companies.
In contrast to the shareholder system employed by most other common companies, the TripleOne system ensures that collaboration is purely meritocratic instead of pecuniary, which means decisions are made without consideration for a user’s financial capacity. At the same time, this system has allowed it to continue to have zero debts or other financial responsibilities to any individuals or institutions and remain free to pursue its goal of an independent, decentralized business.
To learn more about TripleOne, you may follow their Instagram, @tripleone. To sign up for the TripleOne waitlist and to find out more in-depth information regarding the TripleOne concept, you may visit their website at tripleone.com.