Ethereum co-founder Vitalik Buterin took to the (virtual) stage at Decrypt’s Ethereal Summit to champion the new business models and ways of organizing that are being pioneered atop the blockchain-powered “world computer”.
“There’s all these experiments around decentralized organizations, decentralized governance, proof of humanity type things, proof of participation,” said Buterin, in conversation with journalist and author Camila Russo. “Just different ideas for how people can organize and work together over the Internet that are being developed on Ethereum. And it would just be great to see more of those actually break out and turn into something that just really helps people work together better on a large scale.”
Decentralized organizations, or DAOs, exist as a set of smart contracts on the Ethereum blockchain, enabling groups of people to organize in a non-hierarchical structure. In recent months they’ve shot to prominence, with the state of Wyoming passing a bill to grant the