DAO System
Every decision, operation, and planning of Mongol Valley will use the DAO (Decentralized Autonomous organization) system.
What is DAO?
A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as computer program that is transparent, controlled by the organization members and not influenced by a central government.
DAO
- Fully democratized
- Voting required by members for certain changes to be implemented
- Voting tallied, and outcome implemented automatically without trusted intermediary
- Services offered are handled automatically in a decentralized manner
Traditional organization
- Hierarchical
- Depending on structure, changes can be demanded from a sole party, or voting may be offered
- If voting allowed, votes are tallied internally, and outcome of voting must be handled manually
- Requires human handling, or centrally controlled automation, prone to manipulation
