'Closing The Gap Between Companies & DAOs' by ShaanRay decentralizedinternet quicknode
DAOs have come a long way since 2016. Initially tarnished by the hack of the first DAO and consequent hard fork of Ethereum, many DAOs today are successfully providing incentives for user participation – by making users stakeholders, by yield farming, by airdropping tokens , and by specializing in creative niches.
Adopting this two-pronged strategy will make today’s organizations more DAO-ish, enable organizational complexity while reducing compliance costs, and strengthen the crypto ecosystem.People can make DAO-ish organizations by adopting blockchain-backed solutions to as many corporate functions as appropriate. For example, organizations can:
Use smart contracts to automatically transact with counter-parties that accept an organization’s terms, thereby reducing sale, procurement, and other transaction costs.
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