Decentralized autonomous organizations have the potential to change societal structures

Hello dear readers, I hope you are well, this time I will not talk about the behavior of the price action of the cryptocurrency market, because I want to share with all of you how decentralized autonomous organizations or DAOs have the potential to change social structures.

An example of this is how decentralized autonomous organizations in recent years have been gaining ground in communities, particularly in South American social structures, according to some specialists at the ETH conference held recently in Chile.

In the literal words of the speakers at the aforementioned event, South America is fertile ground for the growth of this technology, and an example of this is Argentina, where 50% of the decentralized autonomous organizations in Latin America are from that country.

Recall that decentralized autonomous organizations serve as a means to achieve objectives, and there are those who share the idea that DAOs are an innovative means to achieve economic and financial goals as a response to the problems faced by the traditional financial system.

Decentralized autonomous organizations generate commitment in their participants, since governance is distributed among all holders of a token, so a new form of commitment by and for the organization arises, which undoubtedly has the potential to change social structures.

SOURCES CONSULTED

Criptonoticias. Argentina is fertile ground for the growth of OADs, say experts. Link

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