• AI-powered DAOs could potentially organize themselves using a Decentralised Autonomous Organisation (DAO) structure.
• Traditional companies cannot operate without certain state-sanctioned entities that serve as the “cartel of trust”.
• A DAO framework would facilitate collaboration between AI and humans, serving as the organizational backbone that fosters growth within the AI and human economy.
AI DAOs Could Boost Ethereum Transactions Exponentially: Arthur Hayes
The emergence of AI-powered Decentralised Autonomous Organisations (DAOs) could transform global economy, according to BitMEX founder Arthur Hayes in his latest blog post titled Moai.
Traditional Companies vs AI DAOs
Traditional companies cannot operate without certain state-sanctioned entities such as auditors, accountants, lawyers, and bankers that serve as the “cartel of trust”. But with AI slowly taking over, it’s hard to imagine how an economic organization under the technology will ensure compliance.
Role of Smart Contracts
For compliance purposes, the network substrate that underlines the DAOs will need to use smart contracts deployed and executed on public blockchains. Such a scenario leaves no reason for an AI economic unit, i.e., an AI DAO, to follow any state-based legal norms.
Benefits of AIs Operating Through DAOs
A DAO framework would facilitate collaboration between AI and humans, serving as the organizational backbone that fosters growth within the AI and human economy. Furthermore, since the state can’t exert control over these entities they would resort to formalized consensus mechanisms for compliance.
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