Is Blockchain Becoming More Centralized? Evidence on Collusion in the Ethereum Blockchain

Sun, Xiaotong

doi:10.2139/ssrn.3940678

Cited by 1 publication

(1 citation statement)

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“…Recent research suggests a growing fad for patterns that make DAO organizations operate more effectively and, with it, a concurrent need for trust. These findings emerge, for example, from observations of The MakerDAO, Compound, and others (Sun, 2021;Fritsch et al, 2022). The patterns include, for example, representative proxy decision-making, coalition building, and differing levels of vote power (Zhao et al, 2022;Sun et al, 2022).…”

Section: Discussionmentioning

confidence: 91%

Decentralized Autonomous Organizations and Trust: Approach to Trust in DAO in the Context of Existing Trust Theory

Šimůnek¹

2023

Proceedings of the International Scientific Conference Hradec Economic Days 2023

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We are witnessing how numerous trends, including decentralization and the growing role of technology, permeate the way companies are organized, intersecting with the phenomenon of Decentralized Autonomous Organizations (DAO). This technologybased organization carries a pattern known as a zero-trust policy, aiming to eliminate the need for trust in an organization. It appears to oppose the existing research on trust in management and its usefulness to organizations. That brings the question of whether DAOs represent a change from a trend defined by a standard trust theory. This conceptual paper answers by looking at the Decentralized Autonomous Organizations phenomenon through the existing knowledge on trust, specifically through Dirks & Ferrin's trust theory, and compares the concept with the traditional organization. The investigation suggests that DAOs only partially eliminate or transform the need for trust compared to traditional organizations;the need for trust is still present and may even grow in future concept development.

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Section: Discussionmentioning

confidence: 91%

Decentralized Autonomous Organizations and Trust: Approach to Trust in DAO in the Context of Existing Trust Theory

Šimůnek¹

2023

Proceedings of the International Scientific Conference Hradec Economic Days 2023

View full text Add to dashboard Cite

show abstract

Is Blockchain Becoming More Centralized? Evidence on Collusion in the Ethereum Blockchain

Cited by 1 publication

References 15 publications

Decentralized Autonomous Organizations and Trust: Approach to Trust in DAO in the Context of Existing Trust Theory

Decentralized Autonomous Organizations and Trust: Approach to Trust in DAO in the Context of Existing Trust Theory

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