DAOs could make banks and financial institutions more accountable to their customers and clients. Do you think we'll see a DAO for a bank anytime soon?
are breaking down the barrier between access to capital and traditional services like capital-raising firms. Likewise, banks can use DAOs to raise capital from a wider pool of investors via ICOs.Using decentralized technology in banking can eliminate the need for gatekeepers in the lending industry. DAOs provide more secure ways for people to borrow money, not to mention lower interest rates and better terms.
For example, a DAO could be arranged around specific products or services, with each team responsible for its own area. It may also be constructed geographically, with teams located in different parts of the world. A DAO’s rules and regulations are encoded into smart contracts, enforced by the network of computers that run its blockchain. The DAO’s token, if any, also plays an important role in the organization’s governance.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No, USDD Is Not De-pegged Below $0.97, Tron DAO InsistsICYMI: TronDAO states that $USDD's ongoing drop below $0.97 should not be interpreted as a de-peg Tron TRX $TRX
Read more »
Humbled pros seek redemption as monsoon prediction contest returnsThe U of A's monsoon forecasting contest is back, and organizers are hoping the rain is too.
Read more »
Oakland A’s defensive woes continue as homestand starts with frustrating lossMLB: Oakland A’s have now made an error in eight straight games, and have an American League-worst 46 for the season
Read more »
A's score major win in pursuit of new Howard Terminal ballpark projectA big win for the Oakland A's Friday after a state agency's staff recommended that the Howard Terminal be used for the team's $12 billion proposed waterfront stadium project.
Read more »
After surgery, A’s right-hander begins long recovery: “It’s not going to be an easy road”MLB: Oakland A’s right-hander Daulton Jefferies, who had thoracic outlet surgery Monday in Dallas, is confident he’ll be ready for spring training
Read more »
With A’s anemic offense, one unfortunate play can spell doom. It happened Saturday.With Saturday’s loss to Kansas City Royals, Oakland A’s have now scored two runs or less in 12 of their last 17 games
Read more »