Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): An integrative model and research agenda

Carlos Santana, Laura Albareda

Producció científica: Article en revista indexadaArticleAvaluat per experts

44 Cites (Scopus)

Resum

Decentralized autonomous organizations (DAOs) are blockchain-based organizations fed by a peer-to-peer (P2P) network of contributors. Their management is decentralized without top executive teams and built on automated rules encoded in smart contracts, and their governance works autonomously based on a combination of on-chain and off-chain mechanisms that support community decision-making. A growing body of literature has emerged exploring DAOs. However, there is a considerable lack of clarity about this organizational design and its theoretical conceptualization. To this end, we undertake an integrative literature review that reveals three main principles—decentralized, automated and autonomous organizations—and the following four theoretical perspectives mainly adopted to examine this novel organizational form: transaction cost theory, institutions for collective action, agency theory, and socio-materiality. By extending these theories, we propose an integrative model of DAO for research and theory building. Our contribution provides conceptual clarity and proposes a framework for future research directions.

Idioma originalAnglès
Número d’article121806
RevistaTechnological Forecasting and Social Change
Volum182
DOIs
Estat de la publicacióPublicada - de set. 2022
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