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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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