A Novel Approach for Predictable Governance of Decentralized Autonomous Organizations Based on Parallel Intelligence

Ding, Wenwen; Liang, Xiaolong; Hou, Jiachen; Li, Juanjuan; Rouabah, Younes; Yuan, Yong; Wang, Fei-Yue

doi:10.1109/tsmc.2022.3224250

Cited by 24 publications

(17 citation statements)

References 40 publications

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“…In contrast to this line of empirical work, Aoyogi and Ito [1] define a theoretical model of DAOs and study the competition of platforms with decentralized and centralized governance. DAOs have also been examined from a regulatory and compliance angle such as in [3], or in [10] which includes a case study of GnosisDAO. A qualitative comparison of DAO platforms can be found in [4].…”

Section: Related Workmentioning

confidence: 99%

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The Hidden Shortcomings of (D)AOs -- An Empirical Study of On-Chain Governance

Feichtinger¹,

Fritsch²,

Vonlanthen³

et al. 2023

Preprint

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Decentralized autonomous organizations (DAOs) are a recent innovation in organizational structures, which are already widely used in the blockchain ecosystem. We empirically study the on-chain governance systems of 21 DAOs and open source the live dataset. The DAOs we study are of various size and activity, and govern a wide range of protocols and services, such as decentralized exchanges, lending protocols, infrastructure projects and common goods funding. Our analysis unveils a high concentration of voting rights, a significant hidden monetary costs of on-chain governance systems, as well as a remarkably high amount of pointless governance activity.

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Section: Related Workmentioning

confidence: 99%

“…We have estimated these costs with the help of remix 10 . The implementation of the transferToken function and the moveDelegates function is very similar between different projects.…”

Section: Computing the Overhead Cost Of Governancementioning

confidence: 99%

The Hidden Shortcomings of (D)AOs -- An Empirical Study of On-Chain Governance

Feichtinger¹,

Fritsch²,

Vonlanthen³

et al. 2023

Preprint

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“…Ding et al [10] emphasized that in recent years, DAOs have emerged as a critical component of digital infrastructure, and their distinctive organizational features and operational framework have gained considerable prominence as a powerful solution to address various corporate governance challenges such as contract risks and principal-agent dilemmas [10]. The capabilities inherent in DAOs empower them to tackle these issues and effectively contribute to improved governance practices [10].…”

Section: Governance Issues With Decentralized Autonomous Organizationsmentioning

confidence: 99%

Exploring the Landscape of Decentralized Autonomous Organizations: A Comprehensive Review of Blockchain Initiatives

Olaniyi,

Olabanji,

Okunleye

2023

JSRR

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The present study aims to investigate the DAO initiative and scrutinize the diverse methodologies researchers employ for data collection in this area, highlighting any unresolved problems or limitations and suggesting approaches to enhance blockchain technology for future investigations. A remarkable blockchain initiative is the decentralized autonomous organization (DAO), a decentralized blockchain technology system that lets people self-govern through self-executing rules. The methodology is a qualitative analysis that uses contractual and business aspects to create a legally binding smart contract for DAO collaborations; thus, SPESC and Symboleo are smart-contract languages (SCL) that can involve IT and non-IT individuals in contract development. Blockchain technology has created Decentralized Autonomous Organizations (DAOs) that perform autonomously through smart contracts within their ecosystem without the necessity for centralized control or third-party intervention.

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“…The research investigates blockchain-led DAO technologies' role in decentralised autonomous technology sourcing in enterprise marketplaces. Stimulatingly, the research aligned with the use of DAO-led technologies in sourcing businesses powered by smart contracting characteristics, the foundation of the blockchain-led DAO BM governance (Ding et al, 2022;Foss and Saebi, 2017;Saxena et al, 2022). Kaplan and Norton's (1992, 1993, 2000 work is also leveraged to devise the balanced scorecard (BSC) for any decentralised enterprise's vision and strategy to target: consumers/providers; financial; business processes; and learning growth.…”

Section: Introductionmentioning

confidence: 99%

“…The research investigates blockchain-led DAO technologies’ role in decentralised autonomous technology sourcing in enterprise marketplaces. Stimulatingly, the research aligned with the use of DAO-led technologies in sourcing businesses powered by smart contracting characteristics, the foundation of the blockchain-led DAO BM governance (Ding et al , 2022; Foss and Saebi, 2017; Saxena et al , 2022).…”

Section: Introductionmentioning

confidence: 99%

A study on blockchain-based marketplace governance platform adoption: a multi-industry perspective

Saurabh,

Upadhyay,

Rani

2023

DPRG

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Purpose Decentralised autonomous organisations (DAOs) are internet-native self-governing enterprises where individual groups, communities, agencies, consumers and providers work together using blockchain-led smart contracts (SCs). This study aims to examine the role of DAO marketplaces in technology-led autonomous organisation design for enterprise technology sourcing industries, with algorithmic trust and governance. Design/methodology/approach The authors examined the importance of an enterprise marketplace governance platform for technology sourcing using DAO as a decentralised/democratised business model. A total of 98 DAO products/services are evaluated across 11 industries that envisage DAO as a strategic choice for the governance of decentralised marketplace platforms. Findings The research findings validate how a DAO-led enterprise marketplace governance platform can create a cohesive collaboration between consumers (enterprises) and providers (solution vendors) in a disintermediated way. The proposed novel layered solution for an autonomous governance-led enterprise marketplace promises algorithmic trust-led, self-governed tactical alternatives to a strategic plan. Research limitations/implications The research targets multiple industry outlooks to understand decentralised autonomous marketplace governance and develop the theoretical foundation for research and extensive corporate suitability. Practical implications The research underpinnings boost the entrepreneurs’ ability to realise the practical potential of DAO between multiple parties using SCs and tokenise the entire product and service offerings over immutable ledger technologies. Originality/value To the best of the authors’ knowledge, this research is unique and the first of its kind to study the multi-industry role of algorithmic trust and governance in enterprise technology sourcing marketplaces driven by 98 decentralised and consensus-based DAO products across 11 industries.

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A Novel Approach for Predictable Governance of Decentralized Autonomous Organizations Based on Parallel Intelligence

Cited by 24 publications

References 40 publications

The Hidden Shortcomings of (D)AOs -- An Empirical Study of On-Chain Governance

The Hidden Shortcomings of (D)AOs -- An Empirical Study of On-Chain Governance

Exploring the Landscape of Decentralized Autonomous Organizations: A Comprehensive Review of Blockchain Initiatives

A study on blockchain-based marketplace governance platform adoption: a multi-industry perspective

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