Tedx Video – Performance By CHRISTOPH JENTZSCH @ TEDxGraz
Originally Published on Jan 9, 2017
Is it possible to run an organization without managers, employees or even a formal head office? Can it be run entirely decentralized and autonomous?
Christoph Jentzsch presents on blockchain enabled governance structures and the story of “The DAO”, which at the time was “the largest crowdfunded project in history”.
It’s becoming easier-than-ever to create or join a borderless Decentralized Autonomous Organisation, aka a DAO. Finding and joining or creating a global organisation with a mission that aligns with yours is for the first time in human history becoming a reality. DAOs are a game-changer in every sense of the term. The DAO concept has far reaching potential within Startups, Employment, Entrepreneurship, P2P Economies, Crowdfunding, Crowdvesting, Non-Profits, Sustainability, Disaster Relief, Charitable Donations & any Great Cause a human can think of really. DAOs secret sauce is the ability to organise people power efficiently while having no reliance on a single point of failure, corruptible middle man or any third party. Self funding models may see some competition to inefficient public services provided by governments in certain regions.
In the above video, Jentzsch explores the most basic fundamentals of a DAO in various setups. After studying theoretical physics in Dresden he worked as the lead tester for the non-profit organization Ethereum. Building a blockchain which enables smart contracts as the fundamentals for a new decentralized economy. Implementing this fresh technology, he authored “The DAO”, a decentralized autonomous organisation which runs entirely on the Ethereum public blockchain. The first DAO experiment taught many valuable lessons for all after a hack of the smart contracts lead to the infamous Ethereum Hard Fork, Jentzsch went on to found the company Slock.it working on building a decentralized sharing economy.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx