Cryptocurrencies, nonfungible tokens and now, decentralized autonomous organizations (DAOs): Some experts believe this recent innovation may prove to be yet another transformational force in finance and commerce. DAOs offer a distributed set-up – in contrast to the hierarchical framework of a traditional legal corporate entity – in which individuals and groups can engage in shared decision making. Journalist Taylor Locke explores the emerging phenomenon and explains the specifics of operating models, utilization and future trends. Investors interested in learning more about DAOs will find this a helpful introduction.
About the Author
Taylor Locke is a financial reporter for CNBC.