Bitcoin and the rise of decentralized autonomous organizations - Journal of Organization Design

The decentralized automated organization (DAO) structure and the technologies underpinning them -- transparent ledgers, smart contracts, cryptocurrencies, automated governance and certifiable digital ownership -- were created specifically and solely to align incentives. And now that they have been in the market for several years, we are starting to... See more

DAOs (Decentralized Autonomous Organizations) have emerged in recent years, allowing people to collaborate on smaller-scale projects than companies. DAOs are organized around a mission that coordinates through a shared set of rules enforced on a blockchain. Put it simply, DAOs are a new way to finance projects, govern communities, and share value.

DAOs (decentralized autonomous organizations - a topic for a future issue) are so important to this thesis because they become the new framework for a group of specialists to organize and coordinate.

Collaborative, internet-native organizations like decentralized autonomous organizations (DAO) especially offer shared narratives (memes), economic incentives (money) and more flexible local governance structures (management) to move us in the right direction.