Remodeling Centralized Management With DAOs: Interview With EOS Foundation’s CEO Yves La Rose

One of the core aims of blockchain technology is decentralization, and one of the best examples of decentralization’s potential is Decentralized Autonomous Organizations (DAOs). DAOs are different from other organizations because they are operated by rule-based smart contracts that allow all members to participate directly and vote on initiatives without any centralized authority. Unlike traditional organizations, DAOs don't rely on fixed hierarchies or managers. Over the last few years, multiple DAO variations have emerged for different purposes, such as social DAOs, investment DAOs, collector DAOs, grant DAOs, protocol DAOs, and NFT DAOs. Since DAOs are a relatively new concept, many misconceptions surround their structure and applications.