added by Juan Orbea · updated 2y ago
Defining Real and Fake DAOs
- DAOs will eventually replace the traditional model. A DAO is an internet-native organization with core functions that are automated by smart contracts, and with people who do the things that automation cannot (e.g., marketing, software development). In practice, not all DAOs are decentralized or autonomous, so it is best to think of DAOs as interne... See more
from The Future of Work Is Not Corporate — It's DAOs and Crypto Networks | Future by future.a16z.com
- The autonomy of DAOs is enabled by smart contracts, which are self-executing contracts with terms written as code and then deployed on blockchain networks like Ethereum. The use of smart contracts means that a DAO may function without necessarily relying on the human decision-makers in the organization. A smart contract will execute its terms regar... See more
from The ABCs of DAOs by Theodor Marcu
sari added
- 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