Digital Financial Reporting

The Future of Work is Not Corporate — It’s DAOs and Crypto Networks points out that the future of work is not the corporation, it is the DAO or decentralized autonomous organization.

The purpose of a DAO is to facilitate coordination. DAOs are for facilitating human cooperation via collective ownership. A DAO is a community that allows its members to coordinate funds and resources toward the achievement of some specific goal.  A DAO is a new mechanism to coordinate work. DAOs give communities coordination superpowers. DAO members are equity holders in the DAO.  That equity can grow, and grow, and grow.

The article points out that not all DAOs are necessarily "decentralized" or "autonomous".  It is best to think of DAOs as organizations that leverage the connectivity and other capabilities of the internet that are collectively owned and controlled by its members.

Participants fill different roles in a DAO.  Here are some examples provided by the article referenced above: 

• Core contributors: (work-to-earn) Core contributors are how we typically think of employees today; people focusing full-time on a project or organization. The singular focus allows the individual to be embedded within the project and amass contextual and strategic knowledge.
• Bounty hunters: (contribute-to-earn) Bounty Hunters complete clearly defined work for an agreed upon price and / or duration of time. 
• Network participants: (participate-to-earn) Within any given DAO, this is where the majority of people will fall. Networks gain strength with more activity and additional participants, yet, for years, users, consumers, and participants have been adding value to networks without capturing their share of value. Functioning more like open economies than closed organizations, DAOs will reward each individual contribution based on the value it provides, regardless of who it comes from. This means that everyday actions that are valuable to a network will be turned into income-earning opportunities.

A DAO is a great way to build a product and bring it to market.

Here is more information about DAOs:

• What is a DAO and What is it Used for?
• Decentralized Autonomous Organizations (DAO)
• Where to Pay Attention to Blockchain in 2022
• ConstitutionDAO
• DAOhaus
• How to Create a DAO

#####################################

DAOs Are Not Scary, Part 1: Self-Enforcing Contracts and Factum Law

DAOs, DACs, DAs, and More: An Incomplete Terminology Guide

Create DAO using Aragon.org

Create DAO using Juicebox

Create DAO using DAOhaus

What is DAO?