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ArticlesDistributed governance: the promise of DAO technology
Blockchain offers new opportunities in finance, traceability and governance. Decentralized autonomous organizations (DAO) offer an approach to corporate financial and legal performance that sidesteps intervention by centralized institutions.
Blockchain used to be firmly associated with bitcoin, but today’s users and investors recognize that there are different areas of the industry, including cryptocurrencies, DeFi applications, distributed computing platforms, and NFTs. Each has its own specialists, projects, trends, and characteristics.

One promising application of blockchain is decentralized autonomous organizations, or DAO, where decisions are made by project users rather than a board of directors. The capitalization of all DAOs now amounts to $10 billion, and the tokens of eight projects are already among the hundred largest cryptocurrencies.
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