🛠️Overview of DAOs

DAO (Decentralized Autonomous Organizations), that is, decentralized autonomous organizations, is an organizational form based on blockchain technology that is run and managed by the community through a transparent decision-making process. The management and operating rules of the organization will be encoded in the form of smart contracts. On the blockchain, through intelligent management methods and distributed economic incentives, self-operation, self-governance, and self-evolution are realized, thereby realizing the organizational form of maximum efficiency and value transfer of the organization. With the further development of the spirit of decentralization in the encryption industry Popularity, DAO-based organizations show a trend of large-scale expansion. DAO makes the community a creator of value and a sharer of value.

DAO brings a new way of governing the community and sharing value, using a fast-growing governance and incentive system to distribute decision-making power and rewards, as human activities and value shift to the digital realm, distributed communities and stakeholders Collaboration is becoming more and more important. As a new form of economic organization native to the Internet, DAO breaks the traditional organizational operation mode and provides people with a thinking that crosses traditional boundaries. DAO requires a common vision in the organization. A group of people who have a consensus on this vision and goal spontaneously produce collaborative behaviors of co-creation, co-construction, co-governance, and sharing, so as to better stimulate the effectiveness of the organization and realize value transfer.

NJWC will create a digital economic ecological community. In the era of digital economy, the scope of users' economic activities is based on the advantages of information and data. Users have advantages in mastering their own data and information, but the mastery of external information and data is in a blank state , there is a lack of trust and understanding between users and external entities, and it is impossible to reach a consensus on the authenticity and validity of data and information. Therefore, the ecological digital economy requires the formation of a social credit system for all users, and NJWC will use block Chain technology can not be tampered with and the advantages of openness and transparency reshape the credit system and improve the efficiency of digital economic activities.