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🏛The adoption of DAOs in banking & financial institutions will profoundly impact the way these org are managed
👉There are still many unexplored areas in banking where a DAO-based model might be useful:
Loans and Credit
Using decentralized technology in banking can eliminate the need for gatekeepers in the lending industry
Trade Finance
DAOs could also streamline trade finance by digitizing paper-based processes and automating manual tasks
Securities
Through tokenization of traditional securities such as bonds, stocks, & other assets and placing them on blockchains, banks can facilitate the creation of capital markets that are interoperable, efficient & accessible to the greater public
🌉Applying DAO governance models in banks may just be what the industry needs to bridge the gap between fintech & established financial institutions
🗣Spread the word: https://twitter.com/AstraGuild/status/1539936836721983488
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BY Astra Guild Ventures Announcements
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