We can get rid of bad bosses once and for all
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Bad boss, bad boss! Whatcha gonna do when they come for you? Bad boss, bad boss! We can get rid of bad bosses once and for all. At least that's the promise of a radically new type of organization based on blockchain technology. It's called a Decentralized Autonomous Organization (DAO) and it has no CEO, CFO, or VPs. A DAO is a Decentralized Autonomous Organization. Its goal is to codify the rules and decision-making apparatus of an organization, eliminating the need for documents and people in governing, creating a structure with decentralized control. The bottom line is that, in a DAO, instead of being hired as an employee, you are awarded a contract on a project basis. The Fermat project, for example, calls these 'Contribution Contracts'. More here

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