A new vocabulary get into the blockchain technology. This is the DAO. DAO is the acronym for Decentralized Autonomous Organization. When you are dealing with this; it is all about the process of governance that gives you the power and help you enhance what you need and what you have to achieve at the end of the day. The code, however, have been made with the consensus of all the members. In the summary we can say the DAO is about the organization leadership. The question is what makes DAO possible There are so many peers to peer organizational that re coming up in these days. Their use is increasingly getting more and more popular. There are so many organizations that have to be taken into consideration and will help you access and give the right organizations. Through this you get to have a technique that will help you understand the use of the smart contracts. This is how it has been made possible through the right engagements in the organization.
In this case you will realize that they are so many benefits that you need to work with at the end of the day. Through this you get to understand and work well in the right way. This will help you create lower costs of work. At the end of the day there are so many humans you will reduce in your workforce. There are social factors that you need to work with and one that will help you along at the end of the day. This is the right way to deal with uncertainty when you hire the right firms. You need to get the right companies through which you will get to work and deal with.
There are smart contracts that will help you with the right dispute solutions. You get more organized when you get to deal with them. You can then check the compliance risks. The members of the organizations can be able to arbitrate and should be in a position to distribute them on any issues arising in place.
All the technologies that are based in this points are the governance technologies at the end of the day. There is, therefore, a higher possibility where you get higher levels of openness. Another thing is that they have the ability to reduce bureaucracy. This is in line with a self-enforcing code. It will really help in the minimization of existing principal-agent dilemmas. You will as well need moral hazards.
There is an age problem that you need to tackle at the end of the day. There are more agents that you need to walk with. Through the power of decision making, the agent gets the right energy. Through this, you get to make the right decision. Other the decision will help you understand what the participants need in the body.
DAOs are open source. These are very transparent at the end of the day. All the transaction that are used in the functionality of the organizations can be recorded and maintained on blockchain technology.