Source: www.forbes.com
Can you imagine a way to organize with other people around the world, without knowing each other and without establishing your own rules, and making your own decisions autonomously, all codified in a Blockchain? Well, the DAOs are making this real.
Wikipedia defines DAO (Decentralized Autonomous Organization) as an organization represented by rules codified as a transparent computer program, controlled by the members of the organization and not influenced by a central government. Since the rules are built into the code, no managers are needed, removing any bureaucratic or hierarchical hurdles.
Some of today’s Internet users and the next generations are looking forward to starting social organizations, looking for an answer to: “How can we exchange values in a…
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