The funny thing is Decentralised Autonomous organisations (DAO) under Ethereum and other cryptocurrencies had similar goals originally. I do not know where they stand and if ever a useful DAO was created.

If nothing this is a useful demo in real world if used that will show that there are good reasons why hierarchy forms anyways and how power law is at the center of it. Too much democracy may not work in some instances but there may be many cases where the values can hopefully be aligned as well as be lean enough to adapt