Blockchain for AOC
Welcome back Crypto Witches to our 2nd installment of ‘Blockchain 4 …’. This time — we’re taking a look at how blockchain can make the world more accessible — using some key issues posed from one of our own NYC Representatives — Alexandria Ocasio-Cortez.
We’ll be breaking down:
- If DAOs and collective ownership can benefit unions?
- How can blockchain make secure voting more accessible for all?
- Can blockchain break barriers for low-income households to save, invest, and borrow?
- Oh, and, how do we do this all sustainably?
COLLECTIVE OWNERSHIP FOR UNIONS
Can a union benefit from creating a DAO? (YES.) But first, what’s a DAO? DAO stands for decentralized autonomous organization. What does that mean? Essentially, that management of a DAO, including its operating rules runs on the blockchain, utilizing smart contracts. A DAO is collectively owned — meaning each participant holds a stake and can vote within the DAO. (Whoo!) Additionally, DAOs offer secure and transparent treasury management — allowing the dispersant of funds to be controlled and allowing for full transparency…
