Decentralized autonomous organizations -- DAOs -- hold much promise, but practitioners and governments must be aware of risks, says Wharton’s Kevin Werbach, co-author of a DAO Toolkit that was released at this year’s World Economic Forum. “There are now hundreds, if not thousands, of these DAOs that have been created with many billions of dollars of digital assets in their treasuries,” Werbach noted during a recent interview with the Wharton Business Daily radio show on SiriusXM. “It raises all kinds of fascinating questions about what it means to have an organization that’s decentralized and is on a blockchain, where people may never meet each other, where they try and govern it using votes based on tokens.”
