Every technological revolution has transformed the way we work. The plow turned hunter-gatherers into farmers. The spinning jenny and the power loom turned farmers into factory workers. Industrial automation and computers turned factory workers into office dwellers, and then the internet fundamentally changed the way we got work done. And now, there’s a new transformation on the horizon that promises to change the way we work again: Web3.
How DAOs Could Change the Way We Work
Web3 represents the next iteration of the World Wide Web. It’s built upon blockchain technology and cryptocurrencies, and is characterized by greater decentralization, transparency, and shared ownership. Web3 looks set to transform work as we know it. And the decentralized autonomous organization, or DAO, is set to be the vehicle that leads the charge. As DAOs proliferate, instead of having one employer and a 40-hour workweek, we’ll likely contribute several hours a week to several DAOs. The technology-centric nature of DAOs will result in rudimentary, algorithmic work being automated, freeing contributors up to be the most creative and useful versions of themselves and allowing them to spend more time on high-value activities — the type that stimulate the flow state — and less time on monotonous, shallow tasks. Instead of working from a central office all year long and having two to four weeks off, most DAO contributors will instead work remotely from anywhere – which means that we’ll also be able to live anywhere we choose. At its core, Web3 promises more fulfilling and outcomes-focused work, with a fairer distribution of ownership and rewards.