Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ ZENODOarrow_drop_down
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
ZENODO
Article . 2023
License: CC BY
Data sources: Datacite
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
ZENODO
Article . 2023
License: CC BY
Data sources: ZENODO
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
ZENODO
Article . 2023
License: CC BY
Data sources: Datacite
versions View all 2 versions
addClaim

Decentralized autonomous organizations as an innovative form of economic cooperation in the digital society

Authors: VIROVETS D., V.; OBUSHNYI S., M.;

Decentralized autonomous organizations as an innovative form of economic cooperation in the digital society

Abstract

Relevance of the research topic. Blockchain technology has become a new paradigm for building decentralized systems that do not require the creation of a central governing body to organize the cooperation and coordination of participants with different characteristics. The possibilities of blockchain applications have already begun to go beyond digital finance and are increasingly being used for the decentralized organization of communities and participants in digital partnerships. Decentralized autonomous organizations (DAOs) built on blockchain technology represent a new form of collective management in which communities are organized based on the decentralized infrastructure of the third generation of the Internet (Web 3.0). In this context, as an innovative form of economic cooperation, decentralized autonomous organizations have become an object of research interest. Problem statement. The use of decentralized autonomous organizations as a form of cooperation is a new and relatively unexplored area in economics. The role of DAOs in the system of economic relations and their possibilities for digital partnerships remain unexplored. In addition, the use of DAOs poses a number of opportunities and risks that can be identified through analysis and evaluation. Objective and tasks of the research. The aim of the research is to determine the possibilities of using decentralized autonomous organizations as an innovative form of economic cooperation in the digital society. The tasks of the research include analyzing the mechanisms of DAO functioning, comparing them with traditional organizational forms, and determining their possibilities for application in different fields. Methodology of the research. The research methodology consists of analyzing scientific sources and practical experience in the use of decentralized autonomous organizations. The research was conducted by analyzing the main principles of DAO operation, their advantages and disadvantages compared to traditional forms of economic cooperation. A comparative analysis was also conducted to identify the differences between DAOs and traditional organizations. Finally, the possibilities of using DAOs in different fields were assessed, taking into account the potential risks associated with their use. Presentation of the main findings of the study. The results of the research demonstrate that DAO can be an effective form of organizing economic cooperation in the digital society. They provide decentralization and autonomy, which allows avoiding many problems of traditional forms of cooperation, such as management, power, and profit distribution issues. In addition, the application of blockchain technology enables a high level of security and trust among participants. Application fields of the results. DAO can be applied in various economic fields, such as finance, logistics, agriculture, and others. This technology can also find its application in public projects, such as charity and ecology. The digital nature of such an organization allows integrating any modern technological advancements, including tools of artificial intelligence and decentralized finance. With such characteristics, DAO is defined as one of the most interesting organizational innovations of the 21st century. Conclusions of the article. Based on the analysis results, we propose to consider the DAO concept as an innovative technology of organizing economic cooperation, capable of responding to new challenges through fast and remote organization of economic interaction, regardless of the geographic location of partnership participants, based on trust and modern tools using distributed ledger technology. This new form of cooperation, based on decentralization and autonomy, offers DAO technology as a competing form that replaces standard forms of cooperation and Web 2.0 internet organization. The unique feature of this form of economic cooperation is the absence of intermediaries, as the terms of interaction are recorded in the program code and executed automatically, significantly reducing costs and time for interaction realization.

Keywords

innovations, blockchain, Internet of Things, decentralized autonomous organization, smart contracts, DAO, Web 3.0

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
    OpenAIRE UsageCounts
    Usage byUsageCounts
    visibility views 9
    download downloads 10
  • 9
    views
    10
    downloads
    Powered byOpenAIRE UsageCounts
Powered by OpenAIRE graph
Found an issue? Give us feedback
visibility
download
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
views
OpenAIRE UsageCountsViews provided by UsageCounts
downloads
OpenAIRE UsageCountsDownloads provided by UsageCounts
0
Average
Average
Average
9
10
Green