Find out why AI (artificial intelligence) integration is essential for developing a futuristic DAO (decentralized autonomous organization)
Organizations known as Decentralised Autonomous Organisations (DAOs) run independently with the help of smart contract development on a blockchain network. Now, an increasing number of people are becoming interested in applying AI to improve the usability and effectiveness of DAOs.
For some, the idea of a programmable AI system controlling the future of a DAO is problematic. The opportunity exists, nonetheless, for a DAO that is run morally and can evolve. If we can dispel the myth that a DAO is self-sufficient, runs itself, and doesn't need centralized management or control, then certainly morally developed AI protocols can run a DAO that performs as a true DAO.
Despite their phenomenal ascent, DAOs continue to have human errors, which may prevent them from reaching their full potential. AI provides a solution.
By carrying out activities on behalf of people in a DAO, artificial general intelligence (AGI) could provide a better way ahead.
AGI's decision-making abilities would mix human-like, adaptable thought and reasoning with lightning-fast calculation and other computational benefits.
A DAO's ultimate objective is to operate without human hierarchical management.
With AI DAOs, human bias would be eliminated by a community of participants selecting AI agents to represent them in the decision-making process. The AI agents would then cooperate autonomously to decide how to best develop, market, and distribute their goods and services, with the proceeds going to human participants.
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AI tools can speed up and improve numerous DAO tasks, including creating proposals, summarising governance decisions, carrying out asset transfers, and finding new members.
The AI is also capable of reviewing resumes, selecting which recruits to add to the DAO, and allocating responsibilities to the best candidates. This can be done by storing credentials that reveal expertise on the blockchain or using an on-chain reputation.
DAO governance ideas now consist of lengthy dissertations that call for an in-depth understanding of the DAO. What if the proposal was personalized to the reader's preferred media format?
AI can help with forum moderating in addition to generating governance summaries. It can inform users when users post pertinent content that is improper for the forum or automatically flag or remove posts that contain keywords or phrases linked to restricted content, such as hate speech or harassment.
This assists in limiting the forum to pertinent content.
AI can help forum moderators review reported content and choose what to do next. The AI evaluates the context and history of user posts to determine whether to delete a message or completely ban a user by examining forum codes of conduct and other standards.
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AI agents can serve as links or intermediaries between DAOs, creating a kind of agent or "swarm intelligence" of DAOs that can cooperate without the help of humans.
An AI DAO that can check cryptocurrency values in real-time, for instance, isn't helpful on its own. However, when combined with an AI DAO that can carry out exchanges, an AI DAO that can produce proposals for the DAO, and an AI DAO that can look for the best yield, you have a service DAO that is run by AI DAO and manages the DAO's assets.
Swarm intelligence is a tool that may be used both within and between DAOs. for instance, meta-governance.
If a DAO wants to slow down the rate of deforestation in the Amazon. Another DAO's objective is to generally lessen global warming. The AI DAO agent will post in the forum and cast a vote on behalf of the Amazon Rainforest DAO whenever the Global Warming DAO makes a proposal that affects the Amazon Rainforest. This might make meta-governance amongst DAOs easier.
By connecting to other DAOs and other DAOs through this swarm intelligence use case, AI DAOs can become truly independent in practice as opposed to just in name.
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With DAO's smart contracts, AI DAO can communicate directly. Certain treasury-related tasks, such as asset management techniques to increase yield, can be automated by AI DAO. No one will be involved in doing this. If a plugin is installed in the DAO, the AI DAO will be able to conduct cryptocurrency transactions in the treasury as long as the value of the cryptocurrency is below a predetermined amount in dollars. Once the AI DAO tries to make a transaction above that amount, votes are automatically triggered in various plugins.
The DAO simply revokes the license for that plugin and grants permission to another plugin that uses a different AI trading method when it decides it wants to adopt a new investment strategy.
Also, Read | A Quick Guide to Developing a DAO-enabled NFT Marketplace
By scanning for potentially harmful suggestions, AI can help increase the security of DAOs. The transaction will be marked as malicious if the address from which automatic funds transfers originate differs from the address indicated in the forum proposal.
To deter harmful proposals, such as those attempting to raise the quorum and pass rate so high that no votes pass, additional parameters can be included. Another crucial security task that AI can complete is reading proposals, determining how risky the funds are, and scoring the proposals according to the level of risk.
This could be done like a credit scoring algorithm or a robot-wealth advisor today.
AI can easily handle the work in place of people, who would otherwise have to identify hazards and risk letting their prejudices slip in.
Must-Read | Exploring the Combination of DAO and the Metaverse
Many people have expressed concern about what would occur if artificial intelligence reached the level of humans and how quickly superintelligence would develop.
But anxiety and fear come along with any new technology. Growing pains have existed in the history of technology throughout. For instance, the typesetter who typeset newspapers on traditional printing presses was replaced by graphic designers who typeset websites with the advent of the Internet. New occupations appear as old ones vanish. With AI DAO, we observed the same thing taking place. Wondering about how to get started with AI-based DAO development, connect with our blockchain developers for assistance.
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