DAOs collapse the cost of creating and managing organizations by replacing
slow and expensive paper contracts with fast and cheap smart contracts.
With lower costs and higher speeds we unlock new levels of organizational
scale. Think of it as a spectrum: on one side of the range we can have a
larger number of smaller organizations in cases where setting up a legal
entity is far too expensive to be worth it. On the other end, we can create
mega-organizations that would also be too expensive, or downright
impossible to manage with paper. On either side, we can both capture
underserved markets and create completely new ones.
A very clear explanation of the potential of @AragonProject DAOs by @jmonegro.
Decentralized organizations are the future envisioned in The Sovereign Individual, and one step closer to a more fair, free, efficient and resilient society.
"State[s] will have to decide for themselves how to treat citizens who participate in DAOs and we should see a healthy dose of jurisdictional competition: if the transition is inevitable, states who embrace digital organizations early will benefit first."