Opening Word document…
The ‘smart contracts’ principle obviates workers.
LP ’24 [Liveplex; April 17; IT Services and IT Consulting firm; Liveplex, “DECENTRALIZED AUTONOMOUS ORGANIZATIONS (DAO): THE FUTURE OF ENTERPRISE?,” https://www.linkedin.com/pulse/decentralized-autonomous-organizations-dao-future-enterprise-icijc/] nikhil
Automation and Streamlining: DAOs operate on the principle of automation driven by smart contracts. This automation can drastically reduce the need for middle management and administrative staff, as many decisions and processes that traditionally require human intervention can be automated and executed by smart contracts. This streamlining of operations can lead to significant cost reductions and increases in operational efficiency.
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