There is a new acronym on the block. You get to understand the DAO through this. DAO is the acronym for Decentralized Autonomous Organization. This is usually a business that is not for profit and a company whose decision making process and governance process are written in code. The code, however, have been made with the consensus of all the members. To make it in brief, the DAO is a leadership organization. What makes Dao possible is what you have to deal with. There are so many peers to peer organizational that re coming up in these days. They are becoming more violent and are being used. Through the popularity that has been taken into account you need to have the right organizations and will help you get organized in the right way. There is a technology called the ledger technology that helps in the smart contracts. This is how it has been made possible through the right engagements in the organization.
When dealing with DAO there are so many benefits that you have to deal with. Using the DAO helps you to get you in the right way you need to get in the proper manner and this is however you need to work through. Through this you need to lower expenses. At the end of the day there are so many humans you will reduce in your workforce. In the organization, one of the most significant cost factors is the human labor. There are increased insecurity, and it will help you deal with the right people. They preset a global scale security.
The number of disputes that are linked to these is the drop of the smart contracts. You get more organized when you get to deal with them. Through this you can execute the built-in compliance risks. These will help you get in the right area to distribute them.
These are all governance technologies. They have a potential to provide higher levels of transparency. Another thing is that they have the ability to reduce bureaucracy. This is in line with a self-enforcing code. There are principal-agent dilemmas that you need to work with. You will as well need moral hazards.
Though these organization you get to deal with the organization needed to handle the age problem. This will help you get the principal right agent to work with. There are other essential powers to deal with at the end o the day. Through this, you get to make the right decision. They will as well help you make the right decision.
The DAOs are open source. There are very transparent. All the transaction that are used in the functionality of the organizations can be recorded and maintained on blockchain technology.