"The reason I believe blockchain will change the world in ways never seen before is that it offers a way out of the absurd cronyism, adopted by nearly all developed countries across the globe, we label ‘democracy’.

all developed countries across the globe, we label ‘democracy’.

DAO’s have become a popular way of running DAPPs (Decentralised Apps) on the Ethereum network and other blockchain protocols. One easy to understand use case is regarding venture capital. Rather than having investors pick projects in a venture fund, DAOs allow the investors in the fund to vote. Theoretically, this means you avoid human error, manipulation and bureaucracy. There’s no place for administrators in a DAO. Every decision and vote lives immutably on the blockchain, while individuals behind these votes have their identity protected.

DAO’s have become a popular way of running DAPPs (Decentralised Apps) on the Ethereum network and other blockchain protocols