Summarize of Decentralized Autonomous Organizations
“Basics of Decentralized Autonomous Organization easy explained” – summarized:
- Blockchain is changing the world and with it the old business structures
- A DO can set a whole company on a blockchain
- They eliminate the old structures. But they need some people to work with each other
- A DAO is autonomous
- Smart Contracts define a DAO
- Advantages are it reduces costs and increase efficiency
- Disadvantages are errors in the code
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