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Exploring Decentralized Autonomous Organizations: Towards Shared Interests and ‘Code is Constitution’
Date Issued
2020-12-16
Date Available
2021-02-08T15:24:42Z
Abstract
In recent years, scholarly interest research on blockchain technology steadily increased. While the underlying technology matures, observed problems in the field show questions of governance to remain crucial, even though scarcely studied empirically. One approach of solving these problems can be seen in decentralized autonomous organizations, which describes a new type of organizing that is grounded on consensus-based, distributed autonomy. The governance peculiarities of DAOs is fairly unexplored, and this is where this research commences. In an exploratory multiple case study consisting of three popular DAOs Aragon, Tezos, and DFINITY, their governance peculiarities are worked out by analyzing grey literature to understand stakeholder interests, incentivization, control, and coordination mechanisms, technical considerations, and external influences from off-chain entities. In the context of an on-and-off-chain continuum, it appears that DAOs provide mechanisms that might enable autonomous decision-making but, at the same time, find themselves strongly influenced by the interests of various stakeholders.
Sponsorship
University College Dublin
Type of Material
Conference Publication
Web versions
Language
English
Status of Item
Peer reviewed
Part of
Proceedings of the 41st International Conference on Information Systems (Virtual ICIS 2020), Hyderabad, India
Conference Details
The Forty-First International Conference on Information Systems ICIS 2020: Making Digital Inclusive: Blending the Local and the Global, Virtual Conference, 13-16 December 2020
ISBN
978-1-7336325-5-3
This item is made available under a Creative Commons License
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