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.

The idea of a decentralized organization takes the same concept of an organization, and decentralizes it. Instead of a hierarchical structure managed by a set of humans interacting in person and controlling property via the legal system, a decentralized organization involves a set of humans interacting with each other according to a protocol specif... See more

Crypto has transformed grassroots-level organizing. For the first time in history, it is possible to economically align networks of strangers into working together by using programmable incentives and providing them with tools to make decisions and govern shared resources in a decentralized manner. These new organisms are called by many “DAOs,” Dec... See more