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The Guardian - US
The Guardian - US
Business
Gene Marks

Will Tennessee become the next tech hub for Web3 entrepreneurs?

DAOs use blockchain to automate its decision-making.
DAOs use blockchain to automate its decision-making. Photograph: Rafael Henrique/SOPA Images/REX/Shutterstock

When you think about Tennessee, you’re more likely to be thinking country music, barbecue and bourbon than crypto, blockchain and Web3. The state legislature has plans to change that.

Tennessee just passed a bill that could help it become a leader in states providing a home to entrepreneurs who want to set up a unique kind of company that uses the blockchain to automate its decision-making. It’s called a DAO.

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