Intellipaat Back

Explore Courses Blog Tutorials Interview Questions
0 votes
2 views
in Blockchain by (32.8k points)
What advantages do DAOs offer?

1 Answer

0 votes
by (37.3k points)

DAOs offer several advantages. First, they promote transparency by leveraging blockchain technology, making all transactions and decisions visible to participants. This transparency fosters trust and accountability among members. Second, DAOs eliminate the need for intermediaries, allowing for more efficient and direct governance. By removing centralized authorities, DAOs enable decentralized decision-making and empower individuals to participate in shaping the organization's direction. Lastly, DAOs provide a borderless and inclusive platform, allowing anyone with an internet connection to join and contribute, regardless of their geographical location. 

Check out the below video tutorial to learn more about DAO  - 

Related questions

0 votes
1 answer
0 votes
1 answer
asked May 25, 2023 in Blockchain by Nisha S (31.8k points)
0 votes
1 answer
asked May 25, 2023 in Blockchain by neelimakv (37.3k points)
0 votes
1 answer
0 votes
1 answer

31k questions

32.8k answers

501 comments

693 users

Browse Categories

...