On the 4th of May, Dr Ravi Chamria (CoFounder & CEO, Zeeve) conducted an insightful webinar on the topic “The Anatomy of a DAO – Understanding the inner workings of Decentralised Organisations” .

He starts by giving the overview of what’s going to be in today’s webinar. Some of them includes:

• What is DAO & How you can create a DAO
• Different kinds of DAOs
• Challenges that needs to be resolved for more wider adoption of DAOs

He introduces Decentralisation which is the shift of power and decision making from a centralised entity to a distributed network.

During the webinar, He shares a few key aspects of Decentralization. Some of them includes:

• Trustless Ecosystems
• Enhanced Data reconcillation
• Minimised system vulnerability
• Improved resource distribution

Dr Ravi explains the very concept of DAOs i.e. Decentralised Autonomous Organisations and mentions its Key components. Some of them includes:

• Smart Contracts
• Flattened Hierarchy
• Community-Driven

Dr Ravi shares some of the Use Cases of the DAO and its types such as Grant Funding, Investment, Protocol Governance, Services, Social Activity, etc.

In the webinar, Dr Ravi shares his insights on how to launch DAO. Process includes:

• Creating Smart Contracts
• Acquire funding and implement governance
• Launch on the Blockchain
• Start the Operation where proposals will be made and members can vote on them.

The speaker also shares one of the important aspects of managing DAO: The Treasury where he mentions built-in treasuries, Multisig wallets, Gnosis safe, and other tools required to manage all DAO activities effectively. Get an insight on the whole landscape of Managing DAOs which includes Frameworks, Contribution & Reputation, Frontend Analytics, etc. Ravi speaks of the differentiating features between Traditional Organisations and Decentralised Autonomous Organisations.

He also shares the Key Issues & practical challenges for the Future of a DAO which includes:

• Lower Voter Engagement
• Technical Risks
• Pseudonymity & Accountability issues
• Power Concentration

He wraps up the session by sharing the future prospects of DAO and the potential it has. And open the floor for questions and further discussions.

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