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

More simply, DAOs are a new way to finance projects, govern communities, and share value. Instead of a top-down hierarchical structure, they use Web3 technology and rapidly evolving governance and incentive systems to distribute decision-making authority and financial rewards. Typically, they do that by issuing tokens based on participation, contri... See more

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

A DAO is a fully autonomous organization that is not governed by a single person but is instead governed through code. This code is based on smart contracts and enables DAOs to replace how traditional organizations are typically run. As it runs on code, it would be protected from human intervention and will operate transparently. There would be no

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I explore participatory fundraising models through decentralized autonomous organizations (DAOs). There have been some stunning examples of rapid fundraising through DAOs, and while t’s still unclear how DAO-based, participatory funding campaigns can be applied to the social sector, they do represent a new era of crowdfunding.