A community for the latest discussions on Ethereum research, token engineering, governance, and cryptonetworks. Decentralize everything.
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© 2020 Relevant Protocols Inc.
A community for the latest discussions on Ethereum research, token engineering, governance, and cryptonetworks. Decentralize everything.
37350 Members
See All
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
46
29.9K
46
29.9K
The future of corporations could be very different as DAOs take on legacy businesses. It’s the ultimate combination of capitalism and progressivism. Entrepreneurs that enable DAOs can make $. If the community excels at governance, everyone shares in the upside. Trustless can pay.
The future of corporations could be very different as DAOs take on legacy businesses. It’s the ultimate combination of capitalism and progressivism. Entrepreneurs that enable DAOs can make $. If the community excels at governance, everyone shares in the upside. Trustless can pay.
But why is that important in the context of a decentralised economy? One of the biggest issues in recent modern history are entities such as Microsoft, eBay, Individual identities, Government utilities and many other critical pieces of digital infrastructure being hacked by external actors. These organisations store their information in centralised databases with a single point of failure. Security solutions seek to stay one step ahead of hacker’s but it is impossible to anticipate the creativity of how one may exploit a loophole. You are only ahead, until you’re not and when you drop that ball, the damage cannot be undone. Distributed storage solutions, having fragments of data stored across a network makes it impossible by known methods for the pieces of be put together without the private key. This presents major incentives for existing companies to embrace decentralised technologies in their business undertakings.
But why is that important in the context of a decentralised economy? One of the biggest issues in recent modern history are entities such as Microsoft, eBay, Individual identities, Government utilities and many other critical pieces of digital infrastructure being hacked by external actors. These organisations store their information in centralised databases with a single point of failure. Security solutions seek to stay one step ahead of hacker’s but it is impossible to anticipate the creativity of how one may exploit a loophole. You are only ahead, until you’re not and when you drop that ball, the damage cannot be undone. Distributed storage solutions, having fragments of data stored across a network makes it impossible by known methods for the pieces of be put together without the private key. This presents major incentives for existing companies to embrace decentralised technologies in their business undertakings.
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