Podcasts Other 5 Minutes Podcast with Ricardo Vargas The Future of Project Management Using DAO (Decentralised Autonomous Organization)

The Future of Project Management Using DAO (Decentralised Autonomous Organization)

Published: Oct. 9, 2022, 11 p.m.

In this week\u2019s podcast, Ricardo discusses DAO (short for "Decentralized Autonomous Organizations")

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Decisions on DAO platforms are made collectively, like in a real-world cooperative, with input from all members.

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With DAO, says Ricardo, we may not need a project manager, scrum master, or product owner

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to oversee our projects in the future. Everything would run smoothly thanks to the decisions made by the group working on the project as a whole, like a project board.

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Likewise, governments could function using DAO without needing a congress, president, or even physical space.

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The blockchain makes available all records of all votes taken on a given topic.

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Although DAO helps us make decisions more quickly and efficiently, it is very challenging for them to replace human oversight of factors like employee motivation, stress levels, and team dynamics.

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Listen to #5minpodcast to understand better.