January 2019
Beginner to intermediate
372 pages
11h 17m
English
Content preview from Foundations of Blockchain
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Blockchain as a solution
Decentralizing an autonomous organization is the best way to prevent corruption in such institutions. A DAO can be constructed among trustless entities with the help of blockchain technology. In such cases, a non-profit organization should be transparent and provide distributed governance. A blockchain-based DAO could achieve this by maintaining a public ledger, thus guaranteeing transparency and disintermediation.
A non-profit DAO will have the following properties:
- Transparency of all the transactions of the organization.
- Self-governing by removing any intermediaries.
- Controlled by the shareholders. The supporters of the project could be involved in decision-making.
- Modifications to rules of the DAO must be approved ...
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