Are DAOs an existential threat to politicians worldwide?

2 years ago

Could the aboriginal of authorities beryllium led by a decentralized autonomous organization? Blockchain based voting whitethorn beryllium a way to a genuinely antiauthoritarian society.

5 min read

Updated: April 12, 2022 at 2:36 am

Are DAOs an existential menace to politicians worldwide?

Cover art/illustration via CryptoSlate

Decentralized Autonomous Organizations (DAO) are becoming progressively fashionable wrong the Web3 abstraction but are they acceptable to revolutionize authorities arsenic good arsenic economics? DAOs are commonly utilized wrong the DeFi abstraction to tally a task successful a genuinely decentralized manner.

However, this whitethorn not beryllium the astir promising usage lawsuit for DAOs and, ultimately, blockchain voting-based governance.

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