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Companies of the future: No CEO, no boss, managed by blockchain
We can get rid of bad bosses once and for all. At least that’s the promise of a radically new type of organization based on blockchain technology.
It’s called a Decentralized Autonomous Organization and it has no CEO, CFO, or VPs.
In fact, there’s no hierarchy at all. Of course, any time you bring people together in a group, there are bound to be politics, but it won’t be the “command and control” structure that most of us are used to.
Admittedly, the concept of a “DAO” got off to a rocky start. The first big one, appropriately enough called “the DAO” was hacked, and tens of millions of dollars were placed at risk…..
Full article : Companies of the future: No CEO, no boss, managed by blockchain