Imagine a vending machine that not only takes money from you and gives you a snack in return but also uses that money to automatically re-order the goods. This machine also orders cleaning services and pays its rent all by itself.
Moreover, as you put money into that machine, you and its other users have a say in what snacks it will order and how often should it be cleaned. It has no managers, all of those processes were pre-written into code
Horizontal Systems is a DAO (Decentralized Autonomous Organization) built on Ethereum blockchain and it works just like this vending machine.
It aims to be governed by its shareholders via digital smart contracts and be driven by capable software engineers in a decentralized, transparent, immutable and incorruptible manner.
Note that we are not a public DAO yet. Work in progress …