Decentralized Semi Autonomous Organization: Difference between revisions
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A | A DSAO is a type of organization that was designed to be automated and decentralized. It acted as a form of venture capital fund, based on open-source code and without a typical management structure or board of directors. To be fully decentralized, the DAO was unaffiliated with any particular nation-state, though it made use of the ethereum network. | ||
Why make an organization like the DAO? The developers of the DAO believed they could eliminate human error or manipulation of investor funds by placing decision-making power into the hands of an automated system and a crowdsourced process. Fueled by ether, the DAO was designed to allow investors to send money from anywhere in the world anonymously. The DAO would then provide those owners. | Why make an organization like the DAO? The developers of the DAO believed they could eliminate human error or manipulation of investor funds by placing decision-making power into the hands of an automated system and a crowdsourced process. Fueled by ether, the DAO was designed to allow investors to send money from anywhere in the world anonymously. The DAO would then provide those owners. | ||
would be perfect however as of yet the technology only allows for semi autonomous organisations exists. In this regards similarly like the minimisation of externalities which hopefully one day will be 0 some compromise is needed. | would be perfect however as of yet the technology only allows for semi autonomous organisations exists. In this regards similarly like the minimisation of externalities which hopefully one day will be 0 some compromise is needed. | ||
Revision as of 21:20, 7 July 2022
A DSAO is a type of organization that was designed to be automated and decentralized. It acted as a form of venture capital fund, based on open-source code and without a typical management structure or board of directors. To be fully decentralized, the DAO was unaffiliated with any particular nation-state, though it made use of the ethereum network.
Why make an organization like the DAO? The developers of the DAO believed they could eliminate human error or manipulation of investor funds by placing decision-making power into the hands of an automated system and a crowdsourced process. Fueled by ether, the DAO was designed to allow investors to send money from anywhere in the world anonymously. The DAO would then provide those owners.
would be perfect however as of yet the technology only allows for semi autonomous organisations exists. In this regards similarly like the minimisation of externalities which hopefully one day will be 0 some compromise is needed.