Tag: Collective Decision Making

The evolution of blockchain technology has ushered in a revolutionary concept in the form of Decentralized Autonomous Organizations (DAOs). DAOs challenge traditional organizational structures by operating through smart contracts on a blockchain, existing as a new paradigm for collective decision-making and resource management. Understanding DAOs and their implications for future governance models is fundamental as we approach a more decentralized world. What is a DAO? A DAO is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members, and not influenced by a...