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AI Is the Missing Piece of the DAO Puzzle

August 3, 2023
in Web3
Reading Time: 3 mins read
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TL;DR

ICYMI: DAOs are just about automated Go Fund Me campaigns, that use crypto as an alternative of money.

The complicated resolution making required to run a totally automated DAO may be too tall an order for plain previous good contract code…however AI would possibly be capable to convey the imaginative and prescient to life.

All the random resolution making, exterior communication and group that’s normally left to people could possibly be crammed by AI (that is the dream at the least).

That means, you may immediate an AI to do the grunt work. E.g. ‘open an area gymnasium on the DAOs behalf’ – it then organizes the true property, tools, employed assist for arrange and many others.

Full Story

ICYMI: DAOs are just about automated Go Fund Me campaigns, that use crypto as an alternative of money.

The creators resolve on a purpose (e.g. purchase the structure), set a funding goal, and as soon as it’s met – the pc code managing the DAO robotically deploys the cash.

So all you actually need to do is put your cash in, sit again and loosen up whereas a sensible contract executes your imaginative and prescient.

…at the least, that’s the concept.

In actuality, there’s a whooole bunch of human administration required to make a DAO run easily.

However ‘set and neglect’ DAOs should be attainable (and it was this text from Illia Polosukhin that made all of it click on).

The complicated resolution making required to run a totally automated DAO may be too tall an order for plain previous good contract code.

…however AI would possibly be capable to convey the imaginative and prescient to life.

The good contracts that handle a DAO’s funds and voting would keep the identical – whereas the entire random resolution making, exterior communication and group that’s normally left to people can be crammed by AI (that is the dream at the least).

Here is the ‘good world’ finish consequence, in an actual world context:

Say you wish to launch a regionally owned gymnasium in your city, so that you create a DAO and unfold the great phrase round city, getting individuals to speculate.

As soon as the funding necessities are met, you activate the AI and let it get to work – that means:

It negotiates a superb worth on a centrally positioned property

Researches and purchases the required insurance coverage

Analyses the property’s useable flooring house

Optimizes the structure of kit

Purchases the tools

Hires somebody to return and set all of it up

Sends out an invitation to the grand opening, and many others.

Helluva idea, proper?

It feels out of attain proper now – however exponential applied sciences have a humorous behavior of feeling years away, proper up till they’re in our palms.

We harp on about it a good bit right here, however it’s price repeating:

All this hype and progress round AI isn’t a menace to blockchain know-how – it’s a worth add!

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Tags: DAOmissingpiecePuzzle
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