DAOs and Token-Driven Organizations: Promises vs. Reality — Opening Statement

Organizing is the foundation of the human enterprise. The common denominator of building pyramids, flying to space, dealing with wildfires, and running hotels is
the need for a well-oiled organization that gets the work done through the coordinated action of people entrusted with parts thereof. Almost every product and service we use requires a joint effort of many orchestrated through a management mechanism that determines how to carry out work effectively.