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Mark Cuban predicts DAOs will transform companies. Warren Buffett s Berkshire Hathaway embraced the core ideas behind the latest crypto trend decades ago. tmohamed@businessinsider.com (Theron Mohamed)
• Mark Cuban sees decentralized autonomous organizations (DAO) as disruptive.
• DAOs run on blockchains, democratize decisions, and use smart contracts.
• Warren Buffett s Berkshire Hathaway relies on decentralization and autonomy.
Tech billionaire Mark Cuban expects decentralized autonomous organizations (DAOs) to transform how companies are built and run. Warren Buffett s Berkshire Hathaway embraced decentralization and autonomy decades ago, arguably paving the way for DAOs. It s the ultimate combination of capitalism and progressivism, Cuban tweeted about DAOs this week. There are so many features and processes in any given company that can be more efficient and productive using a decentralized, trustless approach.