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Thanks to the infamous 2016 hack of the original DAO, DAOs (Decentralized Autonomous Organizations) have languished on the sidelines of the blockchain world. Since the hack, DAOs have been viewed as more of a thought experiment rather than viable structures for organizations.

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A recent survey by an Indian tech giant HCL Technologies shows that less than half of the businesses considering digital transformation are managing IT in-house. Remaining have either partnered with some technology expert or are relying on consultants.

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