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Tytuł artykułu

The concept of a decentralized autonomous organization as an innovative organizational structure

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Języki publikacji
EN
Abstrakty
EN
Purpose: The aim of this article is to present the concept of Decentralized Autonomous Organizations in the context of the evolution of organizational structures. The article presents the current state of knowledge about DAOs, taking into account the principles of their functioning and the current state of development. The roles of individual actors involved in the DAO were also discussed and typical features of the DAO organization were indicated. Design/methodology/approach: The main method used in this article is a literature review supplemented with an analysis of online industry sources and reports of consulting companies. The analysis included a review of the characteristics of the DAO organization against the background of traditional structures and the ways of functioning of the DAO. Findings: The article describes the characteristics of organizations managed with smart contracts created thanks to the use of blockchain technology. The stages of the formation of DAOs and the main principles of their functioning based on the possession of digital tokens of a given organization, as well as the right to participate in voting on decisions made in the DAO, were indicated. The basic advantages and risks associated with the functioning of DAOs were also indicated. Originality/value: The originality of this article lies in the confrontation of the theory and practice of DAOs with traditional, hierarchical organizations with specific features. The current literature in the field of DAOs is not very extensive, especially in relation to the issue of organizational structures, as demonstrated in the Materials and Methods section of this article.
Rocznik
Tom
Strony
431--446
Opis fizyczny
Bibliogr. 20 poz.
Twórcy
  • Silesian University of Technology, Faculty of Organization and Management
Bibliografia
  • 1. Albu, O.B. (2014). Transparency in organizing: A performative approach. Frederiksberg: Copenhagen Business School (CBS).
  • 2. Ashana, G.T. (2013). Lack of Transparency: The Darkness That Leads to Failure.
  • 3. Berners-Lee, T., Hendler, J., Lassila, O. (2001). The Semantic Web. Scientific American, No. 284(5), pp. 28-37.
  • 4. Buterin, V. (2014). A next-generation smart contract and decentralized application platform. White Paper, Vol. 3, No. 37, pp. 1-36.
  • 5. Cointelegraph (2022). DAO: The Evolution of Organization. Retrieved from: https://research.cointelegraph.com/reports/detail/dao-the-evolution-of-organization 19.01.2022.
  • 6. Crumpton, M. (2013). Is the chain of command working for you? The Bottom Line: Managing Library Finances, 26(3), pp. 88-91.
  • 7. Dilger, W. (1997). Decentralized autonomous organization of the intelligent home according to the principle of the immune system. IEEE International Conference on Systems, Man, and Cybernetics. Computational Cybernetics and Simulation, 1, pp. 351¬356.
  • 8. DuPont, Q. (2017). Experiments in algorithmic governance: a history and ethnography of ‘The DAO,’ a failed decentralized autonomous organization. Bitcoin and beyond, Routledge, pp. 157-177.
  • 9. Fredrickson, J.W. (1986). The strategic decision process and organizational structure. Acad. Manag. Rev., 11(2), pp. 280-97.
  • 10. Getting, B. (2007). Basic Definitions: Web 1.0, Web. 2.0, Web 3.0. Retrieved from: http://www.practicalecommerce.com/articles/464/Basic-Definitions-Web-10-Web-20- Web-30/, 19.01.2023.
  • 11. Harris, D. (2009). Web 2.0 Evolution into The Intelligent Web 3.0, 100 Most Asked Questions on Transformation, Ubiquitous Connectivity, Network Computing, Open Technologies, Open Identity, Distributed Databases and Intelligent Applications. Asple: Emereo Publishing.
  • 12. Hassan, S., De Filippi, P. (2021). Decentralized autonomous organization. Internet Policy Review, 10(2), 1-10.
  • 13. Mintzberg, H. (1979). The structuring of organizations: a synthesis of the research. New Jersey: Prentice-Hall.
  • 14. Morkunas, V.J., Paschen, J., Boon, E. (2019). How blockchain technologies impact your business model. Business Horizons, Vol. 62, No. 3, pp. 295-306.
  • 15. O’Reilly, T. (2005). What Is Web 2.0: Design Patterns and Business Models for the Next Generation of Software. Retrieved from: http://www.oreillynet.com/pub/a/oreilly/tim/ news/2005/09/30/what-is-web-20.html, 19.01.2023.
  • 16. Panetta, K. (2019), Understand the 4 phases of blockchain evolution and explore potential business opportunities. Gartner, Retrieved from: https://www.gartner.com/smarterwithgartner/the-4-phases-of-the-gartner-blockchain-spectrum, 19.01.2023.
  • 17. Pereira, J., Tavalaei, M.M., Ozalp, H. (2019). Blockchain-based platforms: decentralized infrastructures and its boundary conditions. Technological Forecasting and Social Change, Vol. 146, pp. 94-102.
  • 18. Singh, M., Kim, S. (2019). Blockchain technology for decentralized autonomous organizations. Advances in Computers, Elsevier, Vol. 115, pp. 115-140.
  • 19. Wang, S., Ding, W., Li, J., Yuan, Y., Ouyang, L., Wang, F.Y. (2019). Decentralized autonomous organizations: Concept, model, and applications. IEEE Transactions on Computational Social Systems, 6(5), pp. 870-878.
  • 20. World Economic Forum, Decentralized Autonomous Organization Toolkit. Retrieved from: https://www3.weforum.org/docs/WEF_Decentralized_Autonomous_Organization_Toolkit _2023.pdf, 19.01.2023.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-f0be3779-7f11-4d37-8973-7f59de42ffbb
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