The Need for a Collective Decision Making Community to Support Blockchain Industry

The Idea of forming a DAO was no doubt a great initiative, while its poor management in terms of its Information Security was a disaster for Ethereum Community. Till then, no one has ever dare to form one again.

What if, the lessons learnt from the previous mistakes are never repeated
What if, despite of having centralized fund management, a community controlled fund is created where each token represent a vote to support the Projects that needs funding.
What if, the same idea is regularized to avoid any regulatory risk,
What if the open source code of the DAO is duly audited by an independent 3rd party auditor
What if a separate Human being is charged with responsibility to ensure that the DAO is working as promised to the investor
I think it is far better idea in term of what "DAO" was. A solution based on above stated queries, might once again help the Blockchain Community to save their efforts. Therefore, A formation of community to support the Blockchain industry, where a project will be evaluated by the Community members, and a decision will be reached via voting. A self governed DAO which will issue its own tokens against ETH, that represents an entry ticket to the Community, giving power to vote in the community.