How a DAO for a bank or financial institution will look like

Cointelegraph

Published Jun 19, 2022 09:56AM ET

Updated Jun 19, 2022 11:40AM ET

Imagining a DAO-based global banking network may seem far-fetched at the moment, but not impossible.

If blockchain technology is widely adopted within the financial industry, it is not hard to imagine a future in which banks are run as DAOs. In such a scenario, bank management would be decentralized, with power vested in the hands of the network’s members.

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