6.1 Funds Management

Introduction

The use of smart contracts and DAOs can provide a robust and secure way of managing funds and reporting their usage. Smart contracts can be used to ensure that the funds are transferred and used only for the intended purpose, and to ensure that the funds are returned if the conditions of the agreement are not met. DAOs can be used to track the funds and their usage, providing transparency and accountability to stakeholders. Both smart contracts and DAOs can also be used to automate the process of reporting the usage of funds, making it easier to track and audit the usage.

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