Dao in blockchain application extends the consensus mechanism to organizational change, and enters the stage of rapid development with the improvement of economic ecology
Dao is decentralized autonomous corporations, which means decentralized autonomous organizations in Chinese. It is an organization embodied in open and transparent computer code. It is controlled by organization members and is not subject to centralized control or third-party intervention. The financial transaction records and procedural rules of a distributed autonomous organization are kept in the blockchain. Traditional organizations need a high degree of trust among members at different levels, and the core rules and governance of Dao are handled by smart contracts. Compared with traditional organizations, the core advantages of Dao are reflected in a more transparent and efficient trust building mechanism, which more efficiently brings stakeholders, not only traditional staff, into their own organizational system.
The wide application of defi has greatly increased the demand for decentralized governance, and began to form a positive feedback economic ecology in batches, leading to the general prosperity of Dao.
In a wide range of application scenarios, Dao has great potential for polymorphism in the future, but there are still many problems to be further improved
In 2021, Dao application and blockchain are deeply bound and have achieved rapid expansion. Several representative projects have been formed. By analogy with organizations in real scenes, the "functions" of these Daos are similar to companies, communities, funds, funding, creation, collection, media, services and other organizations. At present, Dao infrastructure / tool ecology is still in the early stage of development, including tool ecology, security, on chain and off chain governance, which need to be further improved.
Investment suggestion: the development of Dao will further promote the deepening of blockchain application. At the same time, companies with more sustainable economic ecology are expected to achieve better development in this wave. We continue to recommend Inmyshow Digital Technology (Group) Co.Ltd(600556) , China Sports Industry Group Co.Ltd(600158) , etc.
Risk tips: Policy Supervision, uncertain industrial pattern, operation risk, etc
