Will DAOs replace Corporations?

Companies can’t fork. DAOs can. Companies can’t easily swap equity with each other. DAOs can. Companies don’t treat their governance as a form of participatory entertainment and social network building (although maybe some activists do). DAOs can.

When DAOs are needed The growth of DAOs in general and the massive success of some of the most innovative ones inevitably result in the perception that the route to growth and robust network participation requires a DAO structure. In times of ebullience, market forces make it easy to assume that every organization, community, or project needs a DAO... See more

While encompassing traditional for-profit models as well, the earlier term DAC (decentralized autonomous company) was also used to imagine a natural system that is conceived of as self-governing within a humanist framework. Linked to the eleventh century “deodand” legal entity, a physical object that has been granted personhood in order to be litig... See more