Syndicate Co-Founders Ian Lee and Will Papper join Bloomberg's Emily Chang and Sonali Basak for a discussion on decentralized autonomous organizations' role in the crypto ecosystem, and what we can learn from the examples of ConstitutionDAO and UkraineDAO among others.
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Francisco Gimeno - BC Analyst This is the year of the DAOs. Communities, groups and human and financial capital working together, in a decentralised and autonomous way, which is not a new idea, but now uses the blockchain and other digital tools.The success for a DAO is if it's transparent and community owned, otherwise it will be a hotbed for corruption and scams. The DAO's landscape is changing constantly as the ecosystem is variated and these structures can be very long in building and working and others the opposite. Governance is yet an issue, as many people with good intentions, don't have a proper way or knowledge to govern them. Precisely the 4th IR tech is helping to control this, protecting the mission and the members of the DAOs.