The Study of Decentralized Autonomous Organization (DAO)in Social Network

Enhancing the democratic nature of voting processes within decentralized autonomous organizations

“…Several authors proposed surveys or general discussions on DAOs, providing an overview of their characteristics, the challenges they entailed, the solutions they can provide to existing problems and other related areas (Wang et al , 2019; Altaleb and Zoltán, 2022; Augustin et al , 2023; Rikken et al , 2019, 2023). Other examples include works discussing: decision rights, accountability and incentives (Beck et al , 2018); governance problems and solutions, the typical DAO technologies and their related areas (Liu et al , 2021); the main platforms allowing the design of DAOs, and visualization tools for DAOs, as well as the authors’ own visualization tool (El Faqir et al , 2020); the use of blockchain and DAOs in education (Filipčić, 2022); the pros and cons of DAOs with a focus on its use in the nonprofit sector (Chao et al , 2022); various frameworks that can be used for the development of DAOs (Halvai and Chaudhry, 2023); the potential and challenges faced by DAOs, with an emphasis on decentralized governance and disintermediation (Bellavitis et al , 2023); legal implications of DAOs (Despotović et al , 2023); or trends and potential future research directions regarding DAOs emerging from the analysis of tweets and posts on Reddit (Park et al , 2023). In addition, Kondova and Barba (2019) highlighted the potential of DAO for the enforcement of the transparent governance principle, but encouraged caution regarding this innovation, considering the early stage of the technology.…”