A decentralized autonomous organization (DAO) is defined as an organization represented by rules encoded as software that is transparent, controlled by stakeholders, and not influenced by a central power. They typically use token or cryptocurrency incentives to coordinate governance.
Organization is far from easy, and it’s fair to say that many early DAO evangelists have come to appreciate that through practical experience. Reliance on information exchange via the blockchains (on-chain) has decreased over time and conversation via various social networking apps and platforms (off-chain) has increased.
There are many groups and initiatives dedicated to improving DAO governance and expanding DAO participation.
Decentralized social (dsocial) networking doesn’t just require DAO governance as if the DAO is somehow separate from the social network, rather DAO is integral to dsocial.
- Kreutler, K. (2021). A Prehistory of DAOs. Gnosis Guild.
- The Coalition of Automated Legal Applications (COALA)
- Schneider, N. (2021). From Platform Coops to Exit to Community. Boundaryless podcast.
- Emmett, D. (2019). Automating Ostrom for Effective DAO Management. Commons Stack.