The arrival of the covid-19 pandemic has brought more harm to the entire world and displaced many from their jobs and created redundancy for many. This job displacement have caused many hardship and suffering for the affected families. Prior to the covid-19 pandemic, there have been a gradual shift from people to robotics as a result of technological advancements. What this means is that robots have replaced humans in most industries leading to unemployment for those that lost their jobs to robots. For instance, most banks in the United States have closed and are still closing most of their branches in the last few years. This is because the traditional methods of banking is actually giving way for online banking. Laying off workers is not actually a problem to the bank because the banks are even making more profits from the online banking and are not spending wages on workers. The question is, what's the hope for the jobless world population? Should the world jobless population shift their minds to DAO's and is DAOs the last hope for the displaced world population? This question and more is what this post intends to answers. It's your guy @faquan saying hello.
What's Decentralized Autonomous Organizations (DAOs)?
Simply put, Decentralized Autonomous Organizations are ecosystems that work without the control of any central authority. A DAO is similar to a stock in an autonomous organization. It removes the needs for a hierarchical power structure since few humans are needed. The organization, once coded, is able to operate on its own. Periodically, updates are required or some specialized service needed. Nevertheless, for the most part, it runs on its own. For more information on DAOs
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From Depends on Government to Networks
As the COVID-19 pandemic has shown, a robust and secure high-speed network has allowed many Americans to continue working, learning, and connecting with one another in spite of the elimination of many in-person interactions. The technologies and interactive applications of tomorrow will only continue to bring more immersive and rich media experiences that will further impact and alter the way people live their lives. The internet speeds and security of a 10G network will make that future possible.
https://www.ncta.com/whats-new/how-10g-networks-will-power-holographic-technologies
Here we are seeing the transition from governments to networks. The community is not based upon the geographic location one is in. Instead, it is applied to the network one is tied to. In a digital world, physical location means nothing. It all comes down to the network.Link
Since the government is failing their citizens in providing the basic needs for them and the citizens are finding it more difficult to settle their bills, it's high time they shift their minds from government to Decentralized Autonomous Organizations as a means of survival. The DAOs can't work on its own, it needs high speed networks to be able to needs of it's rising population on a daily basis. This means that DAOs and strong as well as high speed networks are inseparable. For better technological interactions on a decentralized ecosystem, the networks needs to surpass what we're seeing today, although we know that today is better than yesterday. Imagine the speed of 10G networks working on a decentralized ecosystem and how many participants it'll accommodate.
It should be noted that once this shift is achieved, the government will no longer regulate the businesses for their citizens, instead, the network providers will. The DAOs don't need any centralized authority to operate leaving the individuals to be boss of their own. The internet speeds and security of a 10G network will make that future possible.