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Decentralized Organizations of the Future: An in-depth look at Decentralized Autonomous Organizations (DAOs) | by Immanuel John | Coinmonks | Jan, 2023

  • Decentralization: DAOs are decentralized, meaning that they are not controlled by any single person or entity. This makes them more resistant to censorship, fraud, and other forms of manipulation.
  • Transparency: DAOs operate on a blockchain, which is a public ledger that records all transactions. This makes the organization’s activities transparent, allowing members and outsiders to see exactly how the organization is being run.
  • Immutability: Smart contracts are stored on the blockchain and once deployed, can’t be altered. This makes it impossible for anyone to change the rules of the organization, or to divert funds for their own use.
  • Automation: DAOs can automate many of the processes that are typically handled by intermediaries, such as voting, record-keeping, and dividend payments.

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