‘Docklands DAO’ plan to help Melbourne precincts recover from the pandemic

2022.04.07 11:01

‘Docklands DAO’ plan to help Melbourne precincts recover from the pandemic

The Royal Melbourne Institute of Technology’s (RMIT) Blockchain Innovation Hub has released a report proposing the implementation of pilot Decentralized Autonomous Organization (DAO), to assist specific precincts in Melbourne’s CBD in recovering from the impacts of the pandemic.

The report, which is part of a five-piece series of reports funded by the Victorian Government in Australia, details how blockchain technology — specifically DAOs — can be used to help cities like Melbourne recover from a lack of economic activity during the pandemic and to survive into the future with the likely persistence of hybrid working arrangements.

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