“Basics of Decentralized Autonomous Organization easy explained” – summarized:

• Blockchain is changing the world and with it the old business structures
• A DO can set a whole company on a blockchain
• They eliminate the old structures. But they need some people to work with each other
• A DAO is autonomous
• Smart Contracts define a DAO
• Advantages are it reduces costs and increase efficiency
• Disadvantages are errors in the code

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