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The potentals of DAOs in ending corruption

Power tends to be corrupt, according to the adage, and with absolute power, comes absolute corruption. Most of our institutions and organizations right now are being run on a centralized manner, whereby they rely on just a single central authority to run these organizations. Centralized systems sometimes serve as safe harbors for illicit activities and this is the reason why a lot of institutions, from governments to corporations, even institutions which supposedly work to promote noble causes like civil society organizations can be rife with corruption.

Decentralized autonomous organization (DAO), meanwhile, could serve as an alternative to centralized systems. These DAOs are run on a peer-to-peer network, in which members engage in egalitarian dialogue and engagement to run the systems. Because the DAO is being run on the peer-to-peer network, it also allows for more transparency in terms of data and information sharing. All the data and information in the DAO are plain to see for all members of the peer-to-peer network, so network members can take swift actions should there be indications of corrupt practices.

Host and Script: Sebastian Partogi

Videographer: Putu Christian Welly Robin

Speaker: Roberto Capodieci

Expert consultant: Jaspal Singh

For more information, head to https://decbc.com and be sure to download the first volume of the “the journey toward decentralization” series here: https://bcz.bz/vol1 (if you want buy the physical book, or the Kindle edition, you can find it at https://www.amazon.com/ZooBC-Roberto-…).