Hi guys, this is Lucky Ali, and welcome back to my new blog. Today, we'll talk about DAO for the local communities. DAO's full form is Decentralized Autonomous Organization. DAO is not just helping with crypto-related things, but it is now providing help to the village, clubs, neighbourhoods, and local groups so that they can make decisions. DAO helps to make decisions in a transparent, fair, and efficient way. That's why DAO is important. You don't need to learn rocket science or rocket technology to use this.
DAO means rights for everyone
Every member has a voice, and the DAO takes care of this thing. Decisions should be served equally. So let's imagine there is a group where a decision is not taken by just a Few members. Still, everyone has a voice everyone can vote and help in making decision And this is the greatest way to make decisions, To make new rules in any community this is not a thing about only cryptocurrency. Still, it is a new technology that can help almost all communities.
I am going to give you the greatest example of a small town. Let's take the example of my town. my town is and I am living and it has a 40,000 people in my town So if Management Communities want to create DAO for this particular town Then they can do it To improve the public spaces So simply creating a dao for Clean streets, clean water, Park, street lights, and traffic management And citizens can take part here, contribute And they Submit a different proposals. This way, there is no corruption and no delay. Also, there are no hidden charges or decision-making issues; everything can be set automatically, and the fund can be released based on public votes.
DAO is not just for the crypto but for the world
After seeing this example, you can understand how important this particular thing is and how beautifully it can work in any community. Do you know Town is also a community? If you see, then every field has a community. So, for the communities, such a technology is the next level, and this way, they can support each other. It can also help to improve the products and services, and corruption will be drastically reduced.
It can also be used for loans to support small businesses, and this is going to work perfectly there. Not only this, but it can also be used in the charity and budget different types of budgets. This particular thing is going to help everyone, but let's see when it will come into the mainstream. I want to know your opinion on this particular thing. Please share this post and also share your opinion below in the comment section. Have a good day.
