Transcripts for BBCNEWS Click 20211127 12:36:00 : vimarsana.

BBCNEWS Click November 27, 2021 12:36:00

smart contracts, they sort of run automatically so that instead of having to appoint a treasurer and a secretary, people can use their membership tokens to vote on things. it's about being able to determine that you are — hold a vote in the governance of the forest so you can determine, you know, what's allowed to happen here and you can vote on, you know, making sure it does not get turned into firewood. i've been fascinated by the technology and how daos is a new way of organising people around projects and i wanted to see what you could do in terms of — like, there are daos that, you know, just live on the blockchain and don't interface with the real world and i really wanted to see what you could do, whether a dao could own a real world asset like a forest, and so this was sort of an experiment to see how this sort of new blockchain technology could interface with the real world. and i was just very lucky that, you know, i sent out a tweet on monday morning and we'd raised 100 f — which at the time was about £100,000 — by thursday morning and then we had to go and find a forest to buy, so we actually raised the money before we — before we started looking for a forest. yeah, a dao could be used for — or anything. it could be used for organising

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