Leading differently: what are DAOs and how do they work?

Published on May 22, 2024

New research from Henley Business School explores how the tech underpinning cryptocurrencies have helped some businesses radically reorganise the way they are governed.

Blockchain technology has profoundly reshaped the digital transaction and governance landscape, fostering innovative organisational structures. Central to the promise of blockchain is the principle of decentralisation, which eliminates centralised control, distributing authority across an entire network. This foundational technology supports not only cryptocurrencies but has also given rise to a new, novel way of organising and governing organisations. Welcome to the new, democratic system for company decision making: Decentralised Autonomous Organisations (DAOs).

Read further to find out:

- How do DAOs work?

- Democracy in action

- Different types of DAOs

 Read more 

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