Here are five reasons why DAOs are useful and why they may become more prevalent in the future.
Now more than ever businesses are moving from the boardroom to the blockchain with DAOs. Decentralized Autonomous Organizations are gaining momentum due to their potential to revolutionize traditional business models and governance structures. If you're not familiar, a DAO is essentially a computer program that runs on the internet. It enables people from all over the world to access the computer program to work together without needing a boss.
Immutable GovernanceOnce rules are established within a DAO, they are typically difficult to change without a consensus among token holders. This immutability of governance can protect against arbitrary decisions or external pressures. It ensures that the DAO's mission and principles are upheld over time. Many traditional companies struggle with governance issues, which can lead to inefficiencies and conflicts.
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