What Are The Benefits Of Decentralized Autonomous Organization (DAO)?

in #daodevelopmentcompany3 years ago (edited)

It's okay to know nook and corner about blockchain so far, now it's time for DAO, The Decentralized Autonomous Organization. Have you ever heard about DAO? It is nothing but a blockchain powered system that provides a safe way to communicate with strangers on the Internet. Decentralized Autonomous Organization - An open source code work platform that is completely automated, self-reliable in nature and unaffiliated with a specific nation-state.
The following are the core benefits of DAO.

Open Source

DAO is an entirely open source platform that indicates its code is completely open and allows anyone to get involved on the DAO platform. To point out, open source platforms are more trustworthy since they are open for worldwide developers to build themselves as well as the platform. Hence, DAO improves day by day with better involvement and transparency from the participants throughout the world.

Trustless

Trustless in the name itself symbolizes that, you don't have to trust anyone like CEO or manager for decision making and any other activities to undergo, Since the DAO program or organization will proceed without any interruption even if any funding has been stopped as well as if any developer stops working. To mention, this trustless DAO is not based on any single individual rather than the integrative interest of all individuals in the network.

No Shutdown

With the government body intervening, there is no possibility of a shutdown in DAO. DAO never furnishes any information to government organizations. If any organization needs information from DAO, they must comprise a huge number of tokens. After the completion of all these, they should submit a voting proposal that should be agreed upon by DAO. As a result, no authority or government can shutdown the DAO work.

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