Blockchain and the Future of Work

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

The traditional company has a hierarchical structure of leaders, employees, and investors.

Blockchain enables a new structure called the Distributed Autonomous Organization or DAO.

The DAO replaces the hierarchy of the traditional company with a network of contributors.

The DAO consists of contributors as follows:

Instead of employees, the DAO has workers who earn tokens by advancing the goals of the community through their labor.

Instead of compensating service providers such as lawyers and accountants with cash, the network compensates providers with tokens.

For partners and customers, the DAO compensates them as participants who further the goals of the community through their buying and distributing the DAO’s products and services.

Instead of investors, the DAO has stakers who contribute the capital necessary to run the DAO’s business.

The traditional hierarchy is replaced with a network in which each node is incentivized through tokens to foster the overall community.

The functions of the business are executed through smart contracts.

The DAO expands the concept of the company from the employee, employer, partner, and investor model to a larger, more encompassing network in which everyone receives tokens for their contribution.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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