Transcripts for BBCNEWS Click 20211202 03:34:00 : vimarsana.

BBCNEWS Click December 2, 2021 03:34:00

flash mobs or crowdsourcing activities, where you get a bunch of people coming together, they put some money into something to buy an asset. the difference is that in one of those activities, there are people who are recognise — recognisably running the show and are in charge of thinking it through. in a dao, we are defining it all upfront and then we're letting it run its own course. and this idea can be used for anything. a group of people have got together on the internet to raise funds for a dao to buy this area of woodland in wiltshire, in the south of england, and they can decide how it is managed. so a dao is a way of setting up an organisation that is — that uses the blockchain to sort of manage membership and let people organise around a particular cause or project. the treedao is this project to buy a woodland and then let the local community sort of take control of that woodland and vote

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