Experiments in algorithmic governance

DuPont, Quinn

doi:10.4324/9781315211909-8

Cited by 178 publications

(63 citation statements)

References 11 publications

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“…Smart contracts and DApps deliver autonomous accreditation to perform organizational processes, tasks and designs without maintaining hierarchical structures. Smart contracts are software codes to algorithmically bind the logic for the decision-making process, adhering to rules and contracts to deliver customer value (DuPont, 2017; Kamboj and Yang, 2018). DAO uses blockchain tokenization for any transaction to incentivize and reward any efforts performed by the node network.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Cryptoeconomic models fuel incentives, micropayments, lending and investment values. Decentralization data infrastructure delivers multiple use cases like interoperability, traceability, immutability and trust-based values to the ecosystem (DuPont, 2017). Membership management helps with identity management, log management, voting and profile management (DuPont, 2017; Kamboj and Yang, 2018).…”

Section: Business Model Elements Mapped With Dao Characteristics/inno...mentioning

confidence: 99%

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Towards blockchain led decentralized autonomous organization (DAO) business model innovations

Kumar

Rani

Upadhyay

2022

BIJ

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PurposeToday, business model innovations leverage digital technologies to gain a competitive advantage and transform business processes. Blockchain is still gaining attention in specific fields and bringing value to business models. There is a dearth of research on how blockchain decentralized autonomous organizations impact organization business model innovations. This study attempts to contribute the body of knowledge based on a review of decentralized autonomous organizations and the business model innovation literature using the integrative and generative approach.Design/methodology/approachThe paper offers an analysis of decentralized autonomous organizations based on digital business models built on the well-established work by Osterwalder and Pigneur (2010). The practical multilayered decentralized autonomous organizations architectural implementation model design is achieved using practical archetypes depicted in the proposed decentralized autonomous organizations business model. The paper evaluates a marketplace comprising 13 decentralized autonomous organizations led platforms with core functionalities.FindingsThe paper delivers decentralized autonomous organizations led digital business model canvas elements to explain decentralized autonomous organization business model innovations. It presents the underlying multilayered decentralized autonomous organizations architectural implementation model required to conceptualize a practical business model with an enterprise-ready target operating model.Research limitations/implicationsThe paper contributes directly to the practical decentralized autonomous organizations business model canvas, exemplifying the nine elements of decentralized autonomous organizations’ characteristics for any organizational transformation. The tools and accelerators (business model, layered architecture, target operating model and product mapping) developed in the paper address the managerial challenges of redesigning the decentralized business models.Originality/valueThe proposed decentralized autonomous organizations smart contract powered business model provide a digital platform to adhere to rules, follow policies, preserve principles and develop consensus without human interventions. The paper shapes the first of its kind decentralized autonomous organizations marketplace evaluation while mapping it to decentralized autonomous organizations layered architecture product requirement considering business model dimension to adopt actionable target operating model.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Business Model Elements Mapped With Dao Characteristics/inno...mentioning

confidence: 99%

Towards blockchain led decentralized autonomous organization (DAO) business model innovations

Kumar

Rani

Upadhyay

2022

BIJ

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“…2021). For example, everyone in DAOs that are built on the Ethereum blockchain remembers where they were and what they were doing when the first DAO experiment (aptly named "The DAO") was hacked and a substantial dollar value of funds were drained from the treasury (DuPont, 2017). The collective trauma of how rapidly it failed, the freezing of funds, and the infamous "fork" of the community which split to form "Ethereum" and "Ethereum Classic".…”

Section: Being "In" a Daomentioning

confidence: 99%

The Ethnography of a ‘Decentralized Autonomous Organization’ (DAO): De‐mystifying Algorithmic Systems

NABBEN¹,

Zargham²

2022

Ethnographic Praxis

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This paper details ethnographic methods, experiences, and insights from an ethnographer and an industry engaged complex systems engineer in how to study resilience in blockchain‐based DAOs as a novel field site. Amidst digitization of numerous elements of government, work, and everyday life, ‘Decentralized Autonomous Organizations’ (DAOs) provide a field site for the generation of ethnographic insights into opportunities and limitations in organizational resilience in human‐machine assemblages. As a broad organizational form, DAOs aim to enable people to coordinate and govern themselves through automated rules deployed on a public blockchain (Hassan & Di Filippi, 2021). DAOs are an experiment in ‘computer aided governance’. These adaptive, socio‐technical infrastructures are envisioned as capable of restructuring the foundations of governance in human societies (Merkle, 2016; Kolestsi, 2019; Garrod, 2016). Ethnography provides a qualitative tool to elicit the social dynamics of governance, adaptability, and resilience in a context of algorithmic governance and automation. By foregrounding the social dynamics of organizational adaptability and resilience, our resilience framework and vulnerabilities mapping tools help us to operationalize complex domains to de‐mystify and re‐humanize algorithmic systems.

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“…Echoing Lawrence Lessig's infamous statement that in cyberspace 'code is law' (Lessig 2006: 5), the binding agreements of 'The DAO' were set forth not in legal contracts, but in the form of a programming code deployed on the Ethereum blockchain. According to Dupont (2018), 'The DAO' could be understood as a pseudo-legal organization run by an assemblage of human and 'robot' participants. 'Robot' participants existed insofar as humans were meant to interact with algorithmic rules that self-execute and automatically respond in a predefined manner to human input.…”

Section: A Cypherpunk Utopia In the Making: The Case Of 'The Dao'mentioning

confidence: 99%

The soft spot of hard code: blockchain technology, network governance and pitfalls of technological utopianism

Hütten¹

2018

Global Networks

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The emerging blockchain technology is expected to contribute to the transformation of ownership, government services and global supply chains. By analysing a crisis that occurred with one of its frontrunners, Ethereum, in this article I explore the discrepancies between the purported governance of blockchains and the de facto control of them through expertise and reputation. Ethereum is also thought to exemplify libertarian techno‐utopianism. When ‘The DAO’, a highly publicized but faulty crowd‐funded venture fund was deployed on the Ethereum blockchain, the techno‐utopianism was suspended, and developers fell back on strong network ties. Now that the blockchain technology is seeing an increasing uptake, I shall also seek to unearth broader implications of the blockchain for the proliferation or blockage of global finance and beyond. Contrasting claims about the disruptive nature of the technology, in this article I show that, by redeeming the positive utopia of ontic, individualized debt, blockchains reinforce our belief in a crisis‐ridden, financialized capitalism.

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Experiments in algorithmic governance

Cited by 178 publications

References 11 publications

Towards blockchain led decentralized autonomous organization (DAO) business model innovations

Towards blockchain led decentralized autonomous organization (DAO) business model innovations

The Ethnography of a ‘Decentralized Autonomous Organization’ (DAO): De‐mystifying Algorithmic Systems

The soft spot of hard code: blockchain technology, network governance and pitfalls of technological utopianism

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