DAOs: Where humans may fail, AI could succeed By Cointelegraph
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Decentralized autonomous organizations (DAOs) offer a new way of organizing businesses in a non-hierarchical structure that encourages participation from every member of a community. With no central leadership and decisions made collectively, DAOs could revolutionize the way we think about work, but their implementation is not without challenges.
The term DAO is sometimes used to refer to a system of software processes that coordinates and operates itself in a fully automated way, relying on humans only indirectly via outsourcing specific pieces of work to them as needed. The classic example would be a blockchain-based network that sells file storage space or machine learning model training services, advertising its wares, renting hardware, accepting payment and so forth via automated scripts or smart contracts. The automated network could take care of every aspect of the organization — potentially, it could even include code enabling it to summon and pay a human accountant or lawyer when necessary.
Marcello Mari is CEO of SingularityDAO, an independent project incubated by SingularityNET that brings DeFi and AI together. He was made head of public relations at SingularityNET in 2017, spearheading a campaign that Wired called the biggest tech hype event of the year. Marcello is a regular fixture on the stage at conferences such as TED and the AIBC conference, and he is also behind the Sophia NFT artwork drop.
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Decentralized autonomous organizations (DAOs) offer a new way of organizing businesses in a non-hierarchical structure that encourages participation from every member of a community. With no central leadership and decisions made collectively, DAOs could revolutionize the way we think about work, but their implementation is not without challenges.
The term DAO is sometimes used to refer to a system of software processes that coordinates and operates itself in a fully automated way, relying on humans only indirectly via outsourcing specific pieces of work to them as needed. The classic example would be a blockchain-based network that sells file storage space or machine learning model training services, advertising its wares, renting hardware, accepting payment and so forth via automated scripts or smart contracts. The automated network could take care of every aspect of the organization — potentially, it could even include code enabling it to summon and pay a human accountant or lawyer when necessary.
Marcello Mari is CEO of SingularityDAO, an independent project incubated by SingularityNET that brings DeFi and AI together. He was made head of public relations at SingularityNET in 2017, spearheading a campaign that Wired called the biggest tech hype event of the year. Marcello is a regular fixture on the stage at conferences such as TED and the AIBC conference, and he is also behind the Sophia NFT artwork drop.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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