Problem statement

Common corporate entities such as the Limited Liability Company (LLC) have served us for many decades. With the advent of the World Wide Web and the increased international cooperation that came alongside it, nationally registered corporate entities seem like relics from the past**.**

Solution: DAOs are able to operate globally, in any time zone without the need to produce a complicated bureaucratic processes - leveraging auditable smart contract tooling users may engage with DAOs with confidence in their ability to be remunerated in a secure and timely manner.

Solution: DAOs allow people to come together and work on common missions just as easy as joining a chat group. By formalizing a contractually binding work statement people collaborating may confidently proceed in their work, knowing that compliance and regulation within the organization is mandated.

Solution: DAOs are driven by democracy and remove some of the principal-agent based systems from the organization. DAO-native-tokens give them the share and the voting power.

Solution: In DAOs the fund are transparently stored in publicly auditable blockchains - the community votes on how the funds are distributed. Various degrees of anonymity may exist depending on underlying infrastructure, but ultimately all transactions and contracts are auditable on their respective chains.