added by sari · updated 2y ago
DAOs are interesting, likely, and terrifying
- The shape of this future is rapidly coming into focus and centers around an organization referred to by technologists as “decentralized autonomous organizations,” or DAOs. These DAOs operate with different assumptions than many of today’s traditional legal entities and other business associations. DAOs are not run by boards or managers, but rather ... See more
from The Rise of Decentralized Autonomous Organizations: Opportunities and Challenges · Stanford Journal of Blockchain Law & Policy by Aaron Wright
Alphatu added
- The org structure of DAOs looks like modern day cooperatives, but over the next decade I believe their scale and impact will rival some of the world’s largest public companies.
from Community DAOs by Patrick Rivera
sari added
- Nevertheless, DAOs are not without their challenges. The ideal design of DAOs is still being explored, exposing challenging governance questions which may ultimately stymie their growth and development. DAOs are not formally recognized and do not fit neatly into existing forms of business associations, making it difficult for DAOs to interact with ... See more
from The Rise of Decentralized Autonomous Organizations: Opportunities and Challenges · Stanford Journal of Blockchain Law & Policy by Aaron Wright
Alphatu added