What the DAO?
Lately DAO’s have explode, not literally, but Decentralized Autonomous Organizations (DAO’s) are having a boom worth anyones attention.
So, what’s the fuss all about?
Basically, a DAO could be seen as a digital project/company that operates via rules encoded as computer programs called Smart Contracts instead of a traditional management hierarchy. Unlike a traditional enterprise, a DAO is not controlled by any politics or government, creating new ways of owning an investment in a revolutionary way.
Built on the Ethereum Blockchain, DAO’s are not just a superior business structure, they’re an entirely new governance model for a digital age. Welcome to the new era of thinking about what we do and how we do it…the decentralized way.
Who would have thought that the same technology that powers one of your favorite cryptocurrencies can be used to govern real life organizations?
Simply speaking, DAO’s are looking to overcome the inefficiencies of a regular company and provides a platform for pure democracy. It offers us the new generation of business models that are both fair and efficient. You could be part of DAO that’s doing everything from easing global poverty to improving the environment. The potential for this technology has no bounds… what do you think?