In the recent years, decentralized autonomous organizations (DAOs) on the blockchain have emerged as a new form of organization. In its 15th meeting, the expert group had the chance to visit the ETH student project house and see a prototype of how a DAO in the physical world could look like.
Hongyang Wang presented no1s1, a house that owns itself. Since no1s1 belongs to no one but itself, no single entity can decide the fate of it. However, no1s1 interacts with its users. While the primary purpose of no1s1 is clearly to sustain its existence, its usage might vary over time. To cope with changing needs of its users and its environment, no1s1 needs to adapt over time. This needs proper governance mechanisms to define the community’s and individual’s rights, obligations, and responsibilities as well as the related processes.
Next, Anto Maric presented his concept for handling maintenance of no1s1 and the group had an open discussion about the possibilities and hurdles of maintaining a physical DAO.
After the insightful look into DAOs with a physical presence, the group moved on to an apero.