Decentralized autonomous organizations can be global, transparent and efficient machines to do anything. So what could they take away from political parties? Danny Chong explains.
Taking a page out of the political book could put DAOs, or decentralized autonomous organizations, on the path to achieving the sweet spot between efficiency and decentralization. In particular, DAOs can learn from the way in which political parties elect representatives, run campaigns and meet long-term goals all while sustaining continuous support from a community that is not always aligned.
While DAOs offer significant advantages over traditional organizations, most DAOs are still trying to overcome the same fundamental roadblocks: achieving efficiency and consensus within the community. These issues are often a result of poor governance structures and poor communication.In particular, most token holders can typically draft proposals today. This may enable something like direct democracy , but it lends itself to inefficiency.
These issues are clearly issues with the community rather than the code that comprises a DAO. Which is why they might be addressed by looking at some key practices of political parties.As mentioned, allowing all token holders to make proposals diffuses the organization's objectives and often creates a conflict between the short-term interests of the token holder and the long-term goals of the project itself. This problem comes in all shapes and sizes.
Lastly, a lower turnout in voting by token holders can allow proposals to be pushed through by relatively small groups leading to decisions that are not properly aligned with the majority view of the DAO and its roadmap.Political parties elect representatives who draft laws for constituencies. They are elected by the people, and can be removed from office should they cease to represent the will of the people. This creates a context for policies to be made in the electorate's best interests.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Takeaways from Alabama's depth chart: Learn the Tide’s starters, QB orderThe Crimson Tide kicks off its 2023 season against Middle Tennessee State.
Baca lebih lajut »
In a state where elections can be close, Wisconsin Latinos learn their political powerWisconsin is not known for the power of the Latino vote, but in a state with such tiny margins even a small shift can have a big impact on national politics.
Baca lebih lajut »
How much, or little, is there to take from Ohio State’s win over Indiana? Andrew Gillis observationsThere are some areas for the Buckeyes where you can learn a lot. And for a handful of others, you can't learn anything.
Baca lebih lajut »
19 Facts About Trader Joe's I Was Shocked To Learn Given That I Shop There Basically Every DayTrader Joe's forever.
Baca lebih lajut »
Tribune Editorial: Utah could learn a thing or two from Reno. And Miami. No, really.“If we know how to solve a problem such as chronic homelessness — and we do — and we have the resources — which we should — it is a moral obligation of our society to come through for those in the most need,” writes The Salt Lake Tribune editorial board.
Baca lebih lajut »