What is DAO and How DAOs Can Help in Business
A decentralised autonomous organisation, or DAO is a blockchain-based organisation that does not have a central management body. The rules that are enforced and defined within these types of organisations take the form of smart contracts. It has given the world of business models a fresh start and a new lease on life. Within both newly formed businesses and those that already exist, the process of corporate governance may need to be rethought in light of the possibilities presented by a DAO. Today, DAOs can be utilised within a variety of organisations due to the fact that it is a readily available business model that does not involve the intervention of a third party, where everyone is treated on an equal level, and where the system is open to the public. It is essential that the DAO be organised in an effective manner if it is to function in a manner that is both profitable for the corporation and advantageous from a tax perspective. About the Blog When blockchain technologies were ...