Going forward, DAOs are doomed to control the world. DAO: a new way to organize people and collaborate

On December 7, Lane Rettig, one of the founders of Ethereum, believed that cryptocurrencies could transform everything in our daily lives, from payroll to starting and running a business. . Lane Rettig believes it will be another year or two before cryptocurrencies become more understandable. It has the potential to support a new generation of startups and entrepreneurs by building a cheaper and easier business. Cryptocurrency enables small and medium-sized businesses to grow rapidly and promotes the growth of global businesses. Rettig believes that Decentralized Autonomous Organizations (DAOs) are the key to a fragmented economy. They are independent, managed by buyers and hold tokens (not CEOs) and operate transparently. "I think DAO is the next step in transforming human society. I think it's a generational change that will take many years." He recognizes that DAOs have many problems, but he firmly believes that DAOs are the goal of controlling the world. .

DAO is a term for decentralized autonomous organization in English. reached agreement. ).It is a derivative of the blockchain after solving the problem of human trust.

DAO is an exchange of organizations involved in information and exchange in the history of human interaction.Its main objective is the application of blockchain technology.

A DAO is a form of organization that operates autonomously without centralized control or interference from third parties by accessing the management and operation of the organization in the blockchain smart contract. DAOs are expected to become a useful new type of organization to deal with uncertainty, diversity and complexity.

DAOs are characterized by openness, interconnection, distributed control, complexity and diversity, and occurrence. Unlike organizations that have always existed, DAOs are not confined to parts of the real world, their evolutionary processes are driven by events or goals, they evolve rapidly and in detail, their interactions are high, and they just disintegrate in the process. when the target is gone. .

DAOs have the following characteristics:

1. Decentralization and decentralization

DAOs have no central space, no hierarchical management structure [30], and the interconnection, competition and integration of network nodes to achieve organizational goals. Therefore, the marketing of nodes, nodes and middlemen between nodes and DAO organizations is not decided by the cooperation of top management, but is driven by one individual.Free investment, profitability and win-win situation . Each node thus integrates a token activation mechanism based on its own unique resources and skills, creating a cohesive environment.

2. Autonomy and automation

In an ideal CAD, management is coded, processed and automated. "Code is Law", organizations are no longer pyramids but decentralized, power is not centralized and decentralized, management is not bureaucracy, but community autonomy, the organization is not a company who sells with a democratic community you don't have to change it. with. In addition, since the DAO operates in accordance with the working standards and the consolidation standards decided by the stakeholders, it is easy to gain approval and trust in the organization, thus reducing the trust of the organization. , communication costs and exchange rates.

3. Organization and decision making

The working rules of DAOs that are based on smart contracts, the responsibilities and rights of the participants, as well as the rewards and sanctions are all open and transparent. It also clarifies the differences and limits the rights and interests of participants through the process of effective self-government, respecting rights and benefits with the people who pay, support and take responsibility for their work. To promote the division of personnel and rights, a balance of responsibilities and interests makes the work of the organization more cohesive and cohesive.

4. Intelligence et tokenisation

The lowest level of DAO encapsulates all systems (Internet Basic Protocol, Blockchain technology, Artificial Intelligence, Big Data, Internet of Things, etc.) that support DAO and its supported data and are digitized, intelligent and over-chain. And the management of the joint venture has changed the existing policies and procedures governing production as a whole and recognizes the direction of the organization. Tokens digitize and authenticate every foundation of an organization (people, organizations, knowledge, events, objects, etc.) as a key incentive in managing DAOs. The full integration of capital can improve the efficiency of the organization and recognize the flow of value.