Anyone familiar with trends in the blockchain sector would have probably heard about DAOs many times. Decentralized Autonomous Organizations have become prevalent in the blockchain sector in recent years, and as Mark Cuban describes them as the ultimate combination of capitalism and progressivism. But for all the amazing qualities and potentials of DAOs, there’s one problem, they aren’t legally registered. At least, not until now.
BLOCKS is the first legally registered DAO LLC in the world through their collaboration with the Wyoming legislature. Being a legally registered DAO means that BLOCKS is held to the same transparency, compliance, and accountability standards as businesses and corporations. Thus, it sets itself apart from all other DAOs who are currently relying on the credibility of blockchain technology alone.
By becoming a limited liability corporation, BLOCKS DAO has taken a massive step towards what will be the future of business operations – merging blockchain technology with the existing legal standards on corporate governance. Thus, it’s a pioneer of progressive decentralization, blazing the trails others DAOs will follow in due time.
How BLOCKS DAO Functions
BLOCKS provides world-class blockchain solutions for businesses as part of its efforts to migrate companies onto the blockchain. With a series of partnerships on and off the blockchain, it aims to grow its token’s utility to be a unit of value for blockchain. It further drives utility to the token by onboarding companies in various industries onto the blockchain and providing solutions.
