A DAO has been modeled on the premise of decentralization where digital assets represent the membership and have rights defined by the operating agreement. That operating agreement can be facilitated autonomously through a series of “Smart Contracts” that operate without any human interaction. While one person or entity must form the DAO, they do not retain sole control over the DAO.
This means the business can run without a traditional business structure. All “members” of the DAO have a say in the actions of the organization.
DAO’s Advantage: It is Inclusive and Transparent.
BLOCKS is proud to work closely with Wyoming legislatures to build the first legally registered DAO LLC in the world.
Most entities at their start are managed by a small membership team to start the early success of the organization. In the context of a DAO, member-managed support begins to evolve from a self-managed organization to a progressively decentralized autonomous entity.
At the start, BLOCKS intends to lay the early foundation for the DAO to grow into a fully autonomous, algorithmic entity.
The BLOCKS DAO LLC makes a difference compared with Traditional Organizations because of the following reasons:
BLOCKS DAO LLC aims to migrate traditional industries onto the blockchain.
Through a blend of blockchain and non-blockchain partnerships, BLOCKS intends to grow the utility of its digital asset to become a unit of measure for Blockchain.
BLOCKS’ goal is to become blockchain agnostic and integrate existing applications into blockchain technology using BLOCKS.
BLOCKS welcomes like-minded individuals, entities, and network participants to join in on the mission of setting the standard for a legally registered DAO LLC.
DAOs are the most cost-effective and fair business model ever conceived. A true DAO, like BLOCKS, has only a single interest to protect: that of the business itself.
BLOCKS DAO is bringing industry into blockchain with ledger agnostic solutions fueled by the BLOCKS token and governed by the decentralized community of BLOCKS holders.
We believe decentralization is the future of the industry, and through creating this DAO, we are creating the most widely adaptable infrastructure to bring more industries, companies, and sectors into the blockchain.