THE COMPANY WHICH CONSISTS ONLY OF COMPUTER CODE | CHRISTOPH JENTZSCH | TEDxGraz

Is it possible to run an organization without managers, employees or even a formal head office? Can it be run entirely decentralized and autonomous? Christoph will present blockchain enabled government structures as well as the story of "The DAO, the largest crowdfunding project in history".
Christoph Jentzsch works on exploring the most basic fundamentals in different systems. After studying theoretical physics in Dresden he worked on the protocol and as the lead tester for the non-profit organization Ethereum. Building a blockchain which enables smart contracts as the fundamentals for a new decentralized economy. Using this technology he authored "The DAO", a decentralized autonomous organisation which runs entirely on the blockchain. He also founded the company Slock.it working on the decentralized sharing economy.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx

[@MazdakNation]

How long before DAO can replace the congress?

[@ravanabrahmarakshas4263]

never

[@moritzw42]

27 years

[@michdiewich3032]

About when we 60 or 50

[@alekodimitrov2635]

Depends on how hard we work for it

[@dilimbayan8079]

This a another innovation of Computer Age.

[@Raahol]

This is the best video i ever got on youtube !!!!

[@BRENNESSEL]

Ethereum is Evolution

[@ravanabrahmarakshas4263]

keep going. good experiment.

[@BRENNESSEL]

The funny thing is, it is already in use :-)

[@brucejayasinghe7171]

WHY IS THE TITLE ALL IN CAPS

[@racm2023]

I DON'T KNOW BUT WHY ARE WE SCREAMING

[@guiller2371]

I honestly don't like where this is heading. It's like the feeling of loosing control over basic things in life and becoming so dependent on technology to judge me and decide for me.

[@andyredfearn3002]

Great idea Christoph. Ignore the haters who are still butt hurt they didn't "GET RICH QUICK!" from the first DAO , just ensure you've built in the necessary safety nets this time.

[@zvonimirlokmer3962]

I am not sure that it is a good thing to give power to the people. The best example is Brexit. OK, people can vote, but the problem is that people doesn't always knows what is beneficial for them and what is not simply because they live their lives and doesn't care about politics. So they listen to their representatives who is either honest to them or manipulate them to vote in their favor. The same would happen if we use block chain for voting. Majority would delegate their voting right to someone (representative) simply because they are not interested in some topic. What I am referring to with my comment is last part of the video where Christopher says that maybe in future, governments will use block chain for making decisions.

[@erichandbury5803]

It may end up like voting at corporate annual general meetings, that you can individually vote, or your representative will be assigned as your proxy.