How a DAO for a bank or financial institution will look like
A DAO-based financial industry means lower fees across the board, accessibility, and transparency. Would it be possible? Global banking network as a DAOImagining a DAO-based global banking network may seem far-fetched at the moment, but not impossible.If blockchain technology is widely adopted within the financial industry, it is not hard to imagine a future in which banks are run as DAOs. In such a scenario, bank management would be decentralized, with power vested in the hands of the network’s members.Furthermore, the adoption of DAOs will likely result in a more equitable distribution....
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