Super excited for the potential of DAOs to reshape the world.
Something I've been thinking about with any blockchain technology is that it will likely end up sitting on top of the current Internet platforms, but still behind the scenes and hidden from both enterprise and consumers.
If so, will new blockchain-based startups disrupt industries and create their own competing consumer services, or will the incentive to dramatically cut costs (labour mostly) push existing industries to transition their operations to run on a blockchain?
eg the average user should never come across the word "bitcoin", they just continue to transact and pay with "dollars" as they already do. But behind the scenes, the entire financial system operates on a blockchain.
eg2 existing companies looking to cut costs could automate much of their staff by transitioning their core database and systems to run on a blockchain. However all customer-facing UI and interactions would operate as normal. A company like Uber could run entirely on the blockchain as a DAO, and have a small team responsible for maintaining the consumer-facing apps
see peertracks.com for an example of what you are describing. its launching march 2015. Users will buy songs in usd and the usd will be turned into noteUSD on the blockchain. All song sales and streams etc will also be tracked on the blockchain. The frontend that interacts with consumers will be run traditionally through a private company etc.
Something I've been thinking about with any blockchain technology is that it will likely end up sitting on top of the current Internet platforms, but still behind the scenes and hidden from both enterprise and consumers.
If so, will new blockchain-based startups disrupt industries and create their own competing consumer services, or will the incentive to dramatically cut costs (labour mostly) push existing industries to transition their operations to run on a blockchain?
eg the average user should never come across the word "bitcoin", they just continue to transact and pay with "dollars" as they already do. But behind the scenes, the entire financial system operates on a blockchain.
eg2 existing companies looking to cut costs could automate much of their staff by transitioning their core database and systems to run on a blockchain. However all customer-facing UI and interactions would operate as normal. A company like Uber could run entirely on the blockchain as a DAO, and have a small team responsible for maintaining the consumer-facing apps