DAO, the full name of which is Decentralized Autonomous Organization, is an organization that operates on the Internet based on blockchain, smart contracts, and digital assets. To put it simply, the rules of the organization's operation are compiled into the blockchain, with smart contracts as the referee, without third-party supervision and management, and everything goes according to order, automatically and fairly.
In DAO, the blockchain has the final say, and each node is an equal VIP. There is no distinction between senior employees and employees, and most people are the helmsmen. Smart contracts are the transparent capital of the team, which can guarantee the right of everyone in the organization to express their opinions freely.
In the operation of modern enterprise organizations, whether it is a flat management or a state-owned enterprise managed from top to bottom, they are all based on a set of management systems. There are the board of directors (decision-making level), senior management (CEO/CFO/COO, etc.), middle-level managers, and grassroots employees. The more levels there are, the more things there are, and the more people are tired. Salary, position, and conflicts of interest are all points of conflict. 80% of the time is spent on solving "people" problems, and 20% of the time can solve things.
Then in DAO, many people's tedious verification and promotion will be reduced, and members will use software and code to manage affairs. Software code is in charge, things are done, efficiency is high, and everyone can save acting in the palace drama. The organization does not even need legal certification or written contracts, it can operate with blockchain and smart contracts.
Of course, at the current stage, DAO will definitely have various problems. It may not be suitable for all industries. But with future development, many scene application targets will become a reality.
