The DAO is built on Ethereum, a system designed for building decentralized applications.

Ether is the digital currency for the Ethereum platform, a blockchain, or public ledger that can create decentralized applications.

While the bitcoin blockchain is used to track ownership of the digital currency bitcoin, the Ethereum blockchain can be used to build decentralized applications.

He sees blockchain enabling decentralized applications to run peer-to-peer services such as ride-sharing, without the need for centralized businesses such as Uber to run operations.

EOS, an infrastructure project for decentralized applications, raised more than $4 billion in a year-long token offering that started in the middle of last year.