Decentralized Autonomous Organizations (DAOs) are organizations that enable individuals with common goals to collaborate using a blockchain infrastructure to enforce a set of shared rules (Ding et al., 2023). Built on public and permissionless distributed ledgers, DAOs rely on smart contracts to automate decision-making through a governance process of proposals and voting, replacing traditional hierarchical oversight. Participants, often pseudonymous, hold governance tokens that grant voting rights, often proportional to their stake. Through their voting, they jointly decide on the allocation of the DAO’s funds or technical protocol changes, executed directly on-chain upon approval. This structure fosters, at least in theory, collective control, leveraging blockchain’s immutability characteristic.

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Introduction to Decentralized Autonomous Organizations (DAOs)

  • Daniel Liebau

摘要

Decentralized Autonomous Organizations (DAOs) are organizations that enable individuals with common goals to collaborate using a blockchain infrastructure to enforce a set of shared rules (Ding et al., 2023). Built on public and permissionless distributed ledgers, DAOs rely on smart contracts to automate decision-making through a governance process of proposals and voting, replacing traditional hierarchical oversight. Participants, often pseudonymous, hold governance tokens that grant voting rights, often proportional to their stake. Through their voting, they jointly decide on the allocation of the DAO’s funds or technical protocol changes, executed directly on-chain upon approval. This structure fosters, at least in theory, collective control, leveraging blockchain’s immutability characteristic.