Years after the rupture in the DAO business model occurred- causing massive hemorraging and financial loss to crypto investors- blockchain and cryto pundits are coming back around to evaluate the DAO's sustained relevance to the evolutionary curve of blockchain finance.
Amongst them is Tekin Salimi who has prominently advocated on behalf of the DAO's sustained viability and importance in shaping the crypto currency markets.
While not discarding the previous lapse, Salimi believes that certain constructs embedded in the DAO are cornertone principals to what enables blockchain to be the standard for decentralized commerce.
Accoridng to Salimi: "Gas prices and scalability concerns on Ethereum today are bottlenecks that have led many project founders to consider launching DAOs on other platforms. Polkadot is a great example of a platform that stands to win DAO market share. Through utilizing Parity's Substrate framework, a project founder can now launch a DAO chain that is natively interoperable with all other Substrate-based blockchains. This DAO chain can also participate in Polkadot's parachain auctions to become an elected parachain and effectively piggy-back off of Polkadot's consensus security. The value proposition of a platform like Polkadot is through reducing the surface area of issues that a DAO founder needs to worry about, so the founder can focus fundamentally on building a valuable economic model for the DAO's tokenholders."
His reference to Polkadot as a blockchain platform that connects private and consortium chains, public and permissionless networks, etc. that have not been created yet in a single, interoperable system is an exemplary case of the DAO's sustained importance.
Beyond just Polkadot, DAO's can serve as the foundation of manifold platforms and be utilized for a vasty array of other applications.
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