PactDAO co-founder Marisa Rando suggests that bypassing hierarchical structures and red tape in charity organizations with a decentralized model could lead to a more fair and objective distribution of aid. Rando, who initially harbored skepticism towards cryptocurrency, began exploring efficient ways to run a decentralized organization after experiencing challenges while attempting to establish a multisig bank account. The concept of a DAO, or decentralized autonomous organization, appeared to be the answer.
Through Web3 technology and NFTs, Rando and her team at PactDAO discovered the benefits of integrating blockchain-based features and found a community of like-minded individuals for support. Creating a DAO-driven organizational model allows for more organic input and participation from members who are best equipped to make decisions about distributing aid, according to Rando.
During Episode 11 of The Agenda, hosts Jonathan DeYoung and Ray Salmond spoke with Rando about the transformation of Pact Collective into PactDAO, underscoring the advantages of adopting a decentralized approach. Not only do DAOs facilitate a more honest and non-biased selection process for mutual aid recipients, but they also cut down on bureaucracy, enabling funds to reach those who truly need them more quickly and efficiently.
Still, skepticism persists among some, who maintain concerns about the transparency and trust required for a fully decentralized model. While Rando and her partners found new pathways to democratize aid distribution, many remain cautious about embracing the still-nascent cryptocurrency world.
However, Rando believes that the structure and function of a DAO enable more interaction from members, ultimately resulting in better decision-making. As mutual aid organizations look to new ways to achieve their goals, decentralized solutions like blockchain technology may become key drivers in the pursuit to build stronger communities.
Through its ongoing initiatives and innovative mindset, PactDAO demonstrates a commitment to pushing the boundaries of how mutual aid and grassroots activism are distributed and facilitated. With blockchain technology, Web3, and the potential for open, decentralized models gaining traction, the future of charity and aid distribution can be revolutionized in a way that benefits the people it’s meant to serve.
As cryptocurrency and blockchain adoption continue to grow, it’s crucial for those involved in the aid community to consider the ways these emerging tools could better serve those in need, while addressing the remnants of skepticism that might hinder progress. And as more initiatives like PactDAO emerge, the movement towards a decentralized future in charity and aid distribution may become increasingly hard to ignore.
Source: Cointelegraph
