DAOs and the Future

DAOs or Decentralised Autonomous Organisations have to be one of the most fascinating outcomes that have come about during the crypto revolution.

So let’s first consider what a DAO is

A DAO is often described as sort of a “Reddit community with a bank account.”

In an attempt to formalise this definition, we can say it’s an organisation structured in a way that the control and ownership of its decisions are decentralised and spread out amongst its members through some rules that are enforced on the blockchain.

In a DAO, the jobs that have to be carried out are determined by pre-written smart contracts.