Dr. Milly Perry stumbled into the blockchain rabbit hole when researching free trade zones, policy tools, regulations, and user anonymity protocols. “When I was exposed to the decentralized autonomous organizations (DAOs), I understood the depth of paradigmatic change that awaits us in the global economy; it was jaw-dropping.”
Dr. Perry is an expert consultant in innovation, blockchain, and R&D for corporations, governments, startups, and investors in the fields of the Fourth Industrial Revolution technologies. Since her fascination started with blockchain technology and DAOs and their potential to transform global economic governance and policies, she’s become a passionate evangelist for CBDC (Central Bank Digital Currency) strategies to help solve many of the world’s economic challenges.
To say Dr. Perry’s a leading expert on DAOs does not do her justice. She is that, but so much more! Dr. Perry is an authority in leading international policy and governance projects for the World Bank, the World Economic Forum (WEF), ISO Blockchain Governance Group, the European Blockchain Association (EBA), and the Blockchain Alliance Europe. In 2019, she founded the DAO4DAOs Institute and the Blockchain University Consultancy (BUG), serves as the Head of Blockchain Excellence Center at the Israeli Chamber of Information Technology, is a board member for the Israel Fintech Community and of the academic body, International Association for Trusted Blockchain Applications (INATBA).
Why blockchain DAOs? She explains that it is no cliché that blockchain is rapidly changing. New projects, business models, breakthrough technologies, devices, and protocols are constantly developed and deployed. “I don’t see how we can master new technologies with obsolete knowledge acquisition or process management methods. We must step out of our comfort zone and abandon old management methods from the industrial era. We are sitting in a spaceship.”
She explains that with DAOs, leaders in governments and corporations must innovate in creating new ideas and technology and finding new ways to manage knowledge and acquire capabilities. A DAO blockchain native governance method allows leaders in governments and corporations to “collaborate in vivid dialog and in an execution that turns ideas into actions.”
In a recent interview, Dr. Perry explained that blockchain DAOs have an invaluable and vital role in restructuring society, leadership, governance policies and economic models. She believes blockchain DAOs are lifelike learning organisms and essentially incorporate crowd wisdom to become a superpower. DAOs have the potential to be places where “we can share best practices from all around the world, helping us to skip pitfalls and magnificent failures that others experienced. ‘Sitting on the shoulders of giants’ could help us see the bright future more clearly. As we all know: the wider the network, the stronger and wiser it is.”
The world is on the threshold of a revolution. According to Dr. Perry, blockchain promotes cooperative activity in a broad business ecosystem, including customers, partners, competitors, regulators and civil society organizations. DAOs facilitate diversity in views, pluralism, and democratic decision-making based on a broad set of interests while using innovative and efficient management methods. Instead of operating top-down structures based on power and position, DAOs are based on a meritocracy of knowledge and reputation. Blockchain tools can better manage multi-partner operations in a broad ecosystem requiring coordination and control. The central tool is the DAO.
“I believe in flat, decentralized decision-making and self-managing communities as the future of organizations in a free and moral society,” Dr. Perry emphasizes.
By Dr. Perry’s definition, a DAO can be seen as the most complex form of a smart contract, where the bylaws of the decentralized organization are embedded into the code of the smart contract, using complex token governance rules. At today’s evolutionary stage, a DAO materializes as a smart contract – a piece of code – executed on top of an increasingly opaque stack of distributed networking and consensus technology like the Ethereum blockchain or similar blockchains.
In her book ‘Blockchain – Turning EGOsystem to ECOsystem’, she emphasizes the groundbreaking contribution of blockchain to present and future life and the changing paradigm that this technology brings about in the global business market. Globalization and technological developments, she said, redefined customers’ needs and requirements for transparency and accountability. These created an architecture comprised of many stakeholders, from private and government businesses, whose basic requirement is trust. The blockchain leads to decentralization and independence. Dr. Perry states transparency, trust, and accountability are fundamental tenets in the economic-technological market. Trust, a feature built into the blockchain, “saves intermediaries and increases trust in economic systems.”
While the space is still in its early days of the digital revolution, Dr. Perry says there are many challenges, regulations, and technical, social and personal barriers to mass adoption of blockchain technology. She is adamant that we can overcome those obstacles by networking and collaborating.
Asked what she was most excited about in the future, Dr. Perry shared: “I believe web3 will help us build a more inclusive, democratic and autonomous society.”
With Dr. Perry’s tireless efforts, blockchain will help drive a paradigmatic change for a better world.
Scan the QR for your free ebook by Dr. Milly Perry: Blockchain, Turning EGOSystem to ECOSystem.
Website: dao4dao.webflow.io
