Forum Views - January 2023
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FORUM VIEWS - JANUARY 2023
Also the difficulty in altering smart contracts once they are
validated in the blockchain decreases the potential for self-
dealing or opportunistic behaviour by modifying the smart
contract code. Secondly, in theory, DAO token holders are
solely incentivised to perform work that will increase the
value of their token. In essence, this means that it is against
their interests to act opportunistically given that this could
potentially undermine the value of their tokens.
DAOs undoubtedly creates a more robust organisation.
Attitudes are ever-changing and with increasing exposure
of the flaws in existing hierarchical structures, DAOs may
become the preferred organisational form.
Let s examine what the future holds once we all shift to the
DAO model.
DAOs will defenetly transform the way we work giving us
the Freedom to Do More Fulfilling Work, have More
Decision-Making Power and work from anywhere. While
85% of today’s global workforce is disengaged at work,
DAOs will give people more freedom to choose projects
whose mission and vision truly resonate with them, jobs
that align with their strengths, and values-aligned people to
work with. This could also help to mitigate the work-life
conflicts, excessive workloads, lack of autonomy, and
office politics that drive workplace stress.
As DAOs proliferate, instead of having one employer and a
40-hour workweek, we’ll likely contribute several hours a
week to several DAOs. The technology-centric nature of
DAOs will result in rudimentary, algorithmic work being
automated, freeing contributors up to be the most creative
and useful versions of themselves and allowing them to
spend more time on high-value activities - the type that
stimulate the flow state - and less time on monotonous,
shallow tasks. Instead of working from a central office all
year long and having two to four weeks off, most DAO
contributors will instead work remotely from anywhere -
which means that we’ll also be able to live anywhere we
choose. At its core, Web3 promises more fulfilling and
outcomes-focused work, with a fairer distribution of
ownership and rewards.
By eliminating hierarchy, DAOs are rebuilding trust in our
democratic system that have been damaged and will
ultimately empower women and minorities on a global
scale. Daos will eventually become the ethical system we
need to unite and govern humanity.
There are few technical hurdles and legal challenges that
we will need to overcome before mainstream adoption
appears.
DAOs face significant hurdles to public awareness and
recognition largely because a majority of countries do not
recognize the DAO as a legal entity.
The decentralized structure and automated operations of a
DAO raise complex questions about the determination of
applicable law, corporate status, and external actions that
cannot be adequately answered using classical theories.
According to the current legal situation, one of the greatest
risks is the nearby classification of DAOs in most
jurisdictions as some kind of general partnership due to
their structure. This has the personal and unlimited liability
of all participants involved as a consequence. Since many
consumers participate in such DAOs, a legally secure
framework should be created for consumer protection
reasons alone, which eliminates this often-unknown
liability risk. For example, the state of Wyoming in the U.S.
already enacted a law in July of this year that allows DAOs
to be formed as a limited liability company with recognition
of legal personality, namely as so-called DAO LLCs.
When it comes to the metaverse, wich is not to be confused
with web3, the metaverse is not a place but rather an
experience, the internet is becoming more immersive thx to
technologies like AR and VR, where users are able to
interact in real time so imagine connecting with colleagues
beyond 2D screens in the metaverse.
While the metaverse will likely represent an avenue of
escape and entertainment for many, it will help enable
endless possibilities from immersive education, healthcare,
tourism, manufacturing, to 3D commerce... and all our
major activities there's the potential for it to be a valuable
business tool.
With the shift to remote working from the pandemic,
keeping employees engaged has become a top challenge
for many companies. That is why many are turning to
metaverse-based platforms.
The metaverse seems set to reshape the world of work in at
least four major ways: new immersive forms of team
collaboration; the emergence of new digital, AI-enabled
colleagues; the acceleration of learning and skills
acquisition through virtualization and gamified
technologies; and the eventual rise of a metaverse
economy with completely new enterprises and work roles.
A metaverse virtual space, supported by a location
intelligent digital twin of the workplace, could be a more
immersive, connective bridge between home and office.
For instance, virtual reality could be used to train
employees in a replicated space or even to unite a
geographically fragmented staff for real-time collaboration.
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