Reference : The rise of decentralized autonomous organizations (DAOs): a first empirical glimpse
Scientific journals : Article
Business & economic sciences : Strategy & innovation
Entrepreneurship and Innovation / Audit
http://hdl.handle.net/10993/52079
The rise of decentralized autonomous organizations (DAOs): a first empirical glimpse
English
Bellavitis, Cristiano []
Fisch, Christian mailto [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > Entrepreneurship, Innovation, and New Technology (EINT) >]
Momtaz, Paul []
2022
Venture Capital
Taylor & Francis
Yes
1369-1066
1464-5343
United Kingdom
[en] DAO ; decentralized autonomous organization ; blockchain ; ethereum
[en] Blockchain technology and smart contracts are catalysts for decentralization and disintermediation. These new technologies reduce transaction costs, agency costs, and offer a basis for trustless social and economic interactions. They are fueling new business models for decentralized platforms and have revolutionized crowdfunding. A recent trend, Decentralized Autonomous Organizations (DAOs), stands to fundamentally transform organizing and governance. DAOs are blockchain-native, decentralized organizations that are collectively owned and managed by their members via smart contracts. In this note, we assess the promises and challenges of DAOs, with a focus on decentralized governance and disintermediation, and offer a first empirical glimpse at the rise and functioning of DAOs. Overall, DAOs may introduce a new era in organizational economics, transforming the global corporate landscape from hierarchical organizations to democratic and distributed organizations powered by organizational entrepreneurship and innovations.
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > Entrepreneurship, Innovation, and New Technology (EINT)
http://hdl.handle.net/10993/52079
10.1080/13691066.2022.2116797

File(s) associated to this reference

Fulltext file(s):

FileCommentaryVersionSizeAccess
Limited access
(2022, VC) Bellavitis et al. - The rise of decentralized autonomous organizations (DAOs).pdfPublisher postprint1.22 MBRequest a copy

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.