Cybernetic organizations — BORGs — are doomed to fail By Cointelegraph
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What makes a decentralized autonomous organization (DAO) a DAO? In practice, the democratic structure of these organizations has been compromised because a number of self-purporting DAOs are operating like traditional corporations.
With this in mind, developers at Delphi Labs proposed an alternative framework, incorporating so-called BORGs (Cybernetic Organizations) into governance structures to automate decision-making so that action could be taken without a DAO proposal. In effect, a BORG would be an artificially intelligent bureaucrat, implementing law through code.
Bernhard Blaha is the CEO of The People’s SCE, a Luxembourg-based European Cooperative Society. He was previously the CEO of Blocktrade. He holds a master’s degree in executive management. He has been active in the blockchain industry for nine years.
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What makes a decentralized autonomous organization (DAO) a DAO? In practice, the democratic structure of these organizations has been compromised because a number of self-purporting DAOs are operating like traditional corporations.
With this in mind, developers at Delphi Labs proposed an alternative framework, incorporating so-called BORGs (Cybernetic Organizations) into governance structures to automate decision-making so that action could be taken without a DAO proposal. In effect, a BORG would be an artificially intelligent bureaucrat, implementing law through code.
Bernhard Blaha is the CEO of The People’s SCE, a Luxembourg-based European Cooperative Society. He was previously the CEO of Blocktrade. He holds a master’s degree in executive management. He has been active in the blockchain industry for nine years.
Continue Reading on Coin Telegraph
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