6 months ago it became known about the DAO concept, which would allow working with blockchain technology without the CEO approval. This idea was tested, but after it was forgotten and abandoned.
To date, the centralized system is not as effective as before, as it has become almost impossible to make a large team of employees to work for the benefit of others. Moreover, in order to implement meaningful projects, it is necessary to have a lot of money and a developed infrastructure, which is possible only for the government, military and large organizations. It is the DAO that deals with this problem. The DAO platforms will not only reduce financial and time costs, but will also allow the creation of complex projects.
DAO turns all existing business rules into ciphers, while reducing the array of work. Furthermore, it will be possible to improve, modify and add something new in a few minutes.
Reducing costs will entail: the creation of a new system of the whole business, which will exceed the traditional and systemized system. It will also allow to take forward the advanced places to such organizations as Oracle, SAP, Microsoft and will reject intermediaries. Centralized organizations spend weeks, years on creating startups, but DAO platforms will help them to get out just in the lunch hour.
There are 3 projects: Aragon, Colony, and District0x, which are already engaged in the development of such a project. Aragorn, for example, suggests creating branded property with the help of digital coins. District0x actually operates on the basis of Aragon, but it has additional functions for decentralized organizations that enable the management of the market.
District0x and Aragon together create a legal, technical and operational infrastructure. As for Colony, it has a few other functions, it helps in establishing fairness between superiors and ordinary employees.
DAO is a new model for coordinating all employees of organizations, which is built on three platforms Colony, District0x, DAOStack. In the near future, such a system will attract the attention of large organizations and bring production to a new level.