A new vocabulary get into the blockchain technology. This is what the DAO is all about. The word hen lengthened will mean the Decentralized Autonomous Organization. This si what enables you to understand what you have rot go through and know by the end of the day. When developing the system all the members are used. In the summary we can say the DAO is about the organization leadership. What makes Dao possible is what you have to deal with. There are so many peers to peer organizational that re coming up in these days. Their use is increasingly getting more and more popular. There are different organizations whose services can be accessed and provided in a significant way. The smart contracts can be distributed through ledger technology. This has now made it possible for the people to take away from the center of the organizations.
In this case you will realize that they are so many benefits that you need to work with at the end of the day. Through this you get to understand and work well in the right way. Through this you need to lower expenses. You will have fewer humans at the end of the day. By reducing the human labor you get to reduce the amount of, people that you need to deal with. This is the right way to deal with uncertainty when you hire the right firms. These are insecurity oriented companies.
There are smart contracts that will help you with the right dispute solutions. They will help you get organized. Through this there are compliance risks that you get to deal with. The members of the organizations can be able to arbitrate and should be in a position to distribute them on any issues arising in place.
All the technologies that are based in this points are the governance technologies at the end of the day. They have a potential to provide higher levels of transparency. They will as well reduce your bureaucracy level. Through this you have self-enforcing system. There are principal-agent dilemmas that you need to work with. They also get to have subsequent moral hazards.
Though these organization you get to deal with the organization needed to handle the age problem. This will help you get the principal right agent to work with. This only happens when an agent has the proper powers of decision making. They will make the right decision on behalf of or getting to impact the principal. They can as well make the right decision that will be in a lie with affecting the other participants in the organization entity.
The DAOs are open source. There are very transparent. The maintenance of the blockchain technology can be traced with the feature through the right recording.