What’s the Deal with Decentralized Autonomous Organizations?
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What’s the Deal with Decentralized Autonomous Organizations?
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Erik Voorhees, founder of crypto management platform ShapeShift, makes a case for decentralized autonomous organizations, known as DAOs. Earlier this year, ShapeShift became a DAO, “moving from a centralized, closed-source application with bank accounts, governed and owned by shareholders, to a decentralized, open-source application without bank accounts, governed and owned by holders of the FOX Token.” Voorhees explains how DAOs works could reshape business, economics, and politics. .
Read Erik Voorhees’ Medium post about moving to a DAO structure here:
https://erikvoorhees.medium.com/shapeshift-is-decentralizing-639bb4c82fc8
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