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Disrupting Organizations: Decentralized Autonomous Organizations

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Disrupting Organizations: Decentralized Autonomous Organizations
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CC Attribution - ShareAlike 3.0 Germany:
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Blockchain is the driving force of the next generation Internet, also referred to as the Decentralized Web. It allows us to decentralise trust. Smart contracts on the Blockchain radically reducing transaction costs creating the basis for a P2P society, allowing for new forms of organisational structures that were not feasible before. What is the state of that technology and what are the pitfalls and challenges of Blockchain based DAOs (Decentralized Autonomous Organizations)?