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Hackathons and coding contests are cropping up everywhere these days. Last year’s International Space Apps Challenge claims some 8,200 participants, while a recent BitCoin hackathon promised a cool $1 million in prize money.

In companies of the future, traditional hierarchy is history. In fact, there might not be any kind of hierarchy left whatsoever – no bosses and no management teams. Based on Blockchain technology, DAOs eliminate the need for CEOs and management staff and, instead, maket use of shareholders who can vote on issues regarding the organisation. Initially designed to serve as a venture capital fund, DAO managed to earn the largest crowdfund in history, raking in a whopping $130 billion.

In companies of the future, traditional hierarchy is history. In fact, there might not be any kind of hierarchy left whatsoever – no bosses and no management teams. Based on Blockchain technology, DAOs eliminate the need for CEOs and management staff and, instead, make use of shareholders who can vote on issues regarding the organisation. Initially designed to serve as a venture capital fund, DAO managed to earn the largest crowdfund in history, raking in a whopping $130 billion. What distinguishes DAOs from similar setups is that they don’t require intermediaries. Project proposals are submitted directly to the DAO in the form of smart contracts. Investors or shareholders can then either approve or dismiss those projects by voting. While the elimination of hierarchical structures as a result of DAOs may seem like a far-into-the-future scenario, these changes already happening.

The largest crowdfund in history, raking in a whopping $130 billion.”

In companies of the future, traditional hierarchy is history. In fact, there might not be any kind of hierarchy left whatsoever – no bosses and no management teams. Based on Blockchain technology, DAOs eliminate the need for CEOs and management staff and, instead, make use of shareholders who can vote on issues regarding the organisation. Initially designed to serve as a venture capital fund, DAO managed to earn the largest crowdfund in history, raking in a whopping $130 billion. What distinguishes DAOs from similar setups is that they don’t require intermediaries. Project proposals are submitted directly to the DAO in the form of smart contracts. Investors or shareholders can then either approve or dismiss those projects by voting. While the elimination of hierarchical structures as a result of DAOs may seem like a far-into-the-future scenario, these changes already happening.

In companies of the future, traditional hierarchy is history. In fact, there might not be any kind of hierarchy left whatsoever – no bosses and no management teams. Based on Blockchain technology, DAOs eliminate the need for CEOs and management staff and, instead, maket use of shareholders who can vote on issues regarding the organisation. Initially designed to serve as a venture capital fund, DAO managed to earn the largest crowdfund in history, raking in a whopping $130 billion.

In companies of the future, traditional hierarchy is history. In fact, there might not be any kind of hierarchy left whatsoever – no bosses and no management teams. Based on Blockchain technology, DAOs eliminate the need for CEOs and management staff and, instead, make use of shareholders who can vote on issues regarding the organisation. Initially designed to serve as a venture capital fund,

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