Democratizing Companies

What is happening? Wyoming, Vermont, and Tennessee are exploring decentralized autonomous organizations (DAO), a structure that allows all shareholders to vote on everyday company actions that are enforced by smart contracts.

Why is this important? In theory shareholders could decide on whether a company accepts cryptocurrency. Or a DAO could be used like it is in a Texas where a village, Montanoso, is establishing a “neighborhood DAO”; with a goal of overriding anti-development sentiments.

How will this be important? It is likely that state and local governments will follow Wyoming’s lead in fully legalizing DAOs.

Governing | Can We Turn Shareholders into Public Decision-Makers?