What’s the Deal with Decentralized Autonomous Organizations?

Erik Voorhees, founder of crypto management platform ShapeShift, makes a case for decentralized autonomous organizations, known as DAOs. Earlier this year, ShapeShift became a DAO, “moving from a centralized, closed-source application with bank accounts, governed and owned by shareholders, to a decentralized, open-source application without bank accounts, governed and owned by holders of the FOX Token.” Voorhees explains how DAOs works could reshape business, economics, and politics. . Read Erik Voorhees’ Medium post about moving to a DAO structure here: https://erikvoorhees.medium.com/shapeshift-is-decentralizing-639bb4c82fc8 Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

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Behind every news headline, there’s another, deeper story. It’s a story about power. In Deep Background, Harvard Law School professor and Bloomberg View columnist Noah Feldman will bring together a cross-section of expert guests to explore the historical, scientific, legal, and cultural context that help us understand what’s really going on behind the biggest stories in the news.iHeartMedia is the exclusive podcast partner of Pushkin Industries.