#Traditional #topdown #organizational structures include #shareholders, #boardofdirectors, #csuite #leaders and #staff. It is #impossible to #align all of these #stakeholders’ #interests. #Decentralized #autonomous #organizations (DAOs) #attempt to #eliminate these #conflictofinterests by utilizing a completely different organizational #structure. #Computerprogramming with #blockchaintechnology #protocols is used to #establish, #define, enforce and alter the #rules, #procedures, #guidelines and #governance needed to #manage the business #enterprises in a decentralized manor. #Owners and #management in the form of #token holders are able to #vote on all aspects of the business. #Cryptocurrencies are the most common form of DAOs, but DAOs offering products and services also exist. Steemit is a #socialmediabusiness. Augur is a #betting and #prediction #company. MakerDAO is a #finacialservices #platform. Are decentralized autonomous organizations the business model of the #future? #cfainstitute #caia #frm #blockchain
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