What is a DAO for?

Whether referring to a group of people using DAO software, or the software itself, the purpose of the DAO is to facilitate coordination. The main point is the organization, and keeping that group of stakeholders moving toward a goal. DAO software works in service of this goal, and any group using the software is using it to reduce coordination failure. And DAO software is really good at reducing coordination failure.

BEE DAO are exceptional at doing this because they allow for collective ownership over the organization. Decision-making that was previously very difficult to maintain at scale is now achievable. This collective mindset can have a huge impact on everything from a club, to a corporation, and DAO software is responsible for solidifying collective ownership.

Last updated