DAOs Have a Big Role to Play in the Future of Democracy

The future of democracy lies in decentralization, specifically in DAOs. Decentralized autonomous organizations run through blockchain technology. They are the next big thing in governance, creating new ways to organize communities without any centralized authority and giving democratic power back to the people. DAOs are currently used primarily in the cryptocurrency world. Still, they have an enormous potential to be applied to real-world politics and revolutionize how citizens make decisions that affect their daily lives. Charity Or A Freelancer DAOs can operate similarly to nonprofits and corporations. They may even have explicit departments and team leaders that guide the other members. These team leads are similar to managers, but leadership in a DAO tends to be fluid and non-hierarchical. In some ways, DAOs are more similar to the “Teal” organization, which encourages its employees to bring their entire selves to work. While the DAO structure is new, it is already generating criticism for its structure and legality. For example, the MIT Technology Review published an opinion on DAOs in 2016, but it has not since changed its view. The key difference between a DAO and a charity is its structure. A DAO’s membership structure is a decentralized network with a democratic structure. The voting, governance, and other important parts of a DAO are defined by its members. Ongoing Proposal-Making The DAOstack platform uses predictio...