Decentralized Autonomous Organizations (DAOs) are decentralized peer-to-peer digital organizations powered by smart contracts: self-executing contracts that automatically enforce the terms of a two-party agreement.
DAOs have several advantages over traditional centralized organizations. They are more efficient and transparent, with members enjoying the ability to cast their votes directly. DAOs are perhaps also more resistant to cyberattacks and disruptions.
As the world gradually grows more decentralized and digital, DAOs are set to become more popular — likely making them the preferred choice for many businesses in the future.
#WorkQuest $WQT $WUSD #WorkQuestApp #WorkNet #blockchain #crypto #cryptocurrency #digitalization #jobsmarketplace #jobsonline #DAO #decentralization
