Centralized Organizations vs. Decentralized Autonomous Organizations:
Purpose of Decentralized Autonomous Organizations:
DAOs are taking over space with smart contracts created and regulated to transfer funds and data more transparent and straightforward. Innovations with Blockchain technology are continuously increasing, and Blockchain technology training seems to be more demanded by businesses across industries worldwide. Though it would be more apparent with time the extent to which regulators get engaged in the Decentralized Finance space generally and specific DAOs in particular, it has come out for now that DAOs in the decentralized finance sector are working efficiently and securely in protecting their investors’ assets and being generally trustworthy.