Blockchain technology for decentralized autonomous organizations

Singh, Madhusudan; Kim, Shiho

doi:10.1016/bs.adcom.2019.06.001

Cited by 77 publications

(41 citation statements)

References 7 publications

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“…e.g. some definitions specifically refer to self-governed (De Filippi & Hassan, 2018), self-organising (Singh & Kim, 2019), peer-to-peer and democratic control (Hsieh et al, 2018). • Since they rely on a blockchain, DAOs inherit some of its properties, such as transparency, cryptographic security, and decentralisation 10…”

Section: Definitions In the Fieldmentioning

confidence: 99%

Decentralized Autonomous Organization

Hassan¹,

Filippi²

2021

Internet Policy Review

167

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Section: Definitions In the Fieldmentioning

confidence: 99%

Decentralized Autonomous Organization

Hassan¹,

Filippi²

2021

Internet Policy Review

167

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“…Still, the legal elements of contracts in SCL are critical for forming a legally binding smart contract. Therefore, we first enhance eSourcing ontology with a law researcher 8 and provide a mature SCL ontology for the advancement of DAObased smart-contract collaboration. The next step is to map the extended concepts and properties of the SCL ontology into the eSML language for which we use Liquid Studio Tool 9 as an XML schema editor for writing XML documents.…”

Section: Slcml: a Contract Specification Languagementioning

confidence: 99%

“…Blockchain technology controls the execution of inter-organizational business processes through smart contracts and enables decentralized autonomous organizations (DAO) [7]. A DAO is an organization, or corporation whose business activities are automated as per agreeing to rules and principles that are specified in programming code [8]. The recent DAOs (such as The DAO) are controlled by the software community, seeking to re-implement traditional decision-making rules through blockchain technology [8].…”

Section: Introductionmentioning

confidence: 99%

“…A DAO is an organization, or corporation whose business activities are automated as per agreeing to rules and principles that are specified in programming code [8]. The recent DAOs (such as The DAO) are controlled by the software community, seeking to re-implement traditional decision-making rules through blockchain technology [8]. The DAOs' regulations and transactions are stored on a blockchain, which increases the transparency among stakeholders while the execution of the said DAOs' rules is controlled by programming code.…”

Section: Introductionmentioning

confidence: 99%

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A Formal Specification Smart-Contract Language for Legally Binding Decentralized Autonomous Organizations

et al. 2021

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Blockchain-and smart-contract technology enhance the effectiveness and automation of business processes. The rising interest in the development of decentralized autonomous organizations (DAO) shows that blockchain technology has the potential to reform business and society. A DAO is an organization wherein business rules are encoded in smart-contract programs that are executed when specified rules are met. The contractual-and business semantics are sine qua non for drafting a legally-binding smart contract in DAO collaborations. Several smart-contract languages (SCLs) exist, such as SPESC, or Symboleo to specify a legally-binding contract. However, their primary focus is on designing and developing smart contracts with the cooperation of IT-and non-IT users. Therefore, this paper fills a gap in the state of the art by specifying a smart-legal-contract markup language (SLCML) for legal-and business constructs to draft a legally-binding DAO. To achieve the paper objective, we first present a formal SCL ontology to describe the legal-and business semantics of a DAO. Secondly, we translate the SCL ontology into SLCML, for which we present the XML schema definition. We demonstrate and evaluate our SLCML language through the specification of a real life-inspired Sale-of-Goods contract. Finally, the SLCML use-case code is translated into Solidity to demonstrate its feasibility for blockchain platform implementations.

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“…2 Other definition states that: "A Decentralized Autonomous Organization (DAO) is an organization whose essential operations are automated agreeing to rules and principles assigned in code without human involvement. A DAO is a novel scalable, self-organizing coordination on the blockchain, controlled by smart contracts" [35].…”

Section: Decentralized Autonomous Organizationmentioning

confidence: 99%

An overview of decentralized autonomous organizations on the blockchain

Faqir

Arroyo

Hassan

2020

Proceedings of the 16th International Symposium on Open Collaboration

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Blockchain technology has emerged as a new paradigm to build decentralized systems which do not require a central authority. It is most popular for enabling Bitcoin and other crypto-currencies. However, blockchain applications span beyond Finance, and recently it has been applied to decentralized governance. Blockchainenabled "Decentralized Autonomous Organizations" (DAOs) have emerged as a new form of collective governance, in which communities may organize themselves relying on decentralized infrastructure. In this article, we introduce the concept of DAO and review the main software platforms that offer DAO creation as a service, which simplifies the use of DAOs to non-blockchain experts; namely: Aragon, DAOstack, DAOhaus and Colony. These platforms will be compared by showing their key features. Finally, we will review the available visualisation tools for DAOs, and we will introduce our open-source tool to plot DAOs activity, DAO-Analyzer. We will illustrate its potential with the case of the DAO Genesis Alpha, which is the main DAO of the DAOstack project. CCS CONCEPTS• Human-centered computing → Empirical studies in collaborative and social computing; Collaborative and social computing design and evaluation methods.

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Blockchain technology for decentralized autonomous organizations

Cited by 77 publications

References 7 publications

Decentralized Autonomous Organization

Decentralized Autonomous Organization

A Formal Specification Smart-Contract Language for Legally Binding Decentralized Autonomous Organizations

An overview of decentralized autonomous organizations on the blockchain

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