research-article

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

Authors:

Chian-Hsueng Chao,

Ming-Chun ChenAuthors Info & Claims

MISNC '22: Proceedings of the 9th Multidisciplinary International Social Networks Conference

Pages 59 - 65

https://doi.org/10.1145/3561278.3561293

Published: 30 November 2022 Publication History

Abstract

In the past, the term “Decentralized Autonomous Organization (DAO)” was used to refer to a loosely organized network of autonomous entities, such as a corporation, a cooperative, or a non-profit party. Since Ethereum pioneered smart contracts in the blockchain, the Ethereum Virtual Machine (EVM) can connect public nodes scattered throughout the network into a virtual machine to execute Turing-complete programs. The EVM can also run other applications such as decentralized autonomous organization (DAO), which is a new type of blcokchain-based organization that uses smart contracts to perform tasks on a distributed scale. The smart contracts have organizational rules and operational logic embedded and automatically execute organizational decisions and proposals making it highly decentralized and more democratic. The DAOs are organizations that are not subject to legal, physical, or economic constraints, as well as the ability to operate outside the control of a single central authority or a single governing body. Because DAO is formed by many smart contract that operate together, which makes it highly decentralized and has a strong democratic system. This paper discusses the pros and cons of DAO, and the potential of DAO in community development, especially in non-profit organizations. It is hope to provide an overall picture of DAO, and the roadmap for future development of DAO on the right track.

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Cited By

Santos J(2024)Emerging Paradigms in Non-Profit GovernanceNew Trends for the Governance of Non-Profit Organizations10.4018/979-8-3693-3723-3.ch001(1-86)Online publication date: 20-Dec-2024
https://doi.org/10.4018/979-8-3693-3723-3.ch001
Srinivas BAdinarayana Rao U(2024)The Future of Decentralized Governance With DAO and Web 3Decentralizing the Online Experience With Web3 Technologies10.4018/979-8-3693-1532-3.ch009(189-206)Online publication date: 15-Mar-2024
https://doi.org/10.4018/979-8-3693-1532-3.ch009
D'Ulizia AFederico DNotte A(2024)The Technological Innovation of the Metaverse in Financial Sector: Current State, Opportunities, and Open ChallengesIntelligent Systems in Accounting, Finance and Management10.1002/isaf.156631:3Online publication date: 3-Sep-2024
https://doi.org/10.1002/isaf.1566
Show More Cited By

Index Terms

The Study of Decentralized Autonomous Organization (DAO)in Social Network
1. Information systems
  1. Information systems applications
    1. Computing platforms

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MISNC '22: Proceedings of the 9th Multidisciplinary International Social Networks Conference

October 2022

88 pages

ISBN:9781450398435

DOI:10.1145/3561278

Copyright © 2022 ACM.

Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

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Publication History

Published: 30 November 2022

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MISNC2022

MISNC2022: The 9th Multidisciplinary International Social Networks Conference

October 29 - 31, 2022

Matsuyama, Japan

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Overall Acceptance Rate 57 of 97 submissions, 59%

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Cited By

Santos J(2024)Emerging Paradigms in Non-Profit GovernanceNew Trends for the Governance of Non-Profit Organizations10.4018/979-8-3693-3723-3.ch001(1-86)Online publication date: 20-Dec-2024
https://doi.org/10.4018/979-8-3693-3723-3.ch001
Srinivas BAdinarayana Rao U(2024)The Future of Decentralized Governance With DAO and Web 3Decentralizing the Online Experience With Web3 Technologies10.4018/979-8-3693-1532-3.ch009(189-206)Online publication date: 15-Mar-2024
https://doi.org/10.4018/979-8-3693-1532-3.ch009
D'Ulizia AFederico DNotte A(2024)The Technological Innovation of the Metaverse in Financial Sector: Current State, Opportunities, and Open ChallengesIntelligent Systems in Accounting, Finance and Management10.1002/isaf.156631:3Online publication date: 3-Sep-2024
https://doi.org/10.1002/isaf.1566
Shilina S(2023)The Promise of Blockchain-Based Decentralized Social NetworksConcepts, Technologies, Challenges, and the Future of Web 310.4018/978-1-6684-9919-1.ch010(172-197)Online publication date: 20-Oct-2023
https://doi.org/10.4018/978-1-6684-9919-1.ch010
Xiang YFan QQian KLi JTang YGao Z(2023)Decentralized Governance for Virtual Community(DeGov4VC): Optimal Policy Design of Human-plant Symbiosis Co-creationCompanion Publication of the 2023 ACM Designing Interactive Systems Conference10.1145/3563703.3596621(207-212)Online publication date: 10-Jul-2023
https://dl.acm.org/doi/10.1145/3563703.3596621
Niu YGao SZhang HGong Y(2023)A Decentralized Quality Management Scheme for Content Moderation2023 International Conference on Networking and Network Applications (NaNA)10.1109/NaNA60121.2023.00043(215-220)Online publication date: Aug-2023
https://doi.org/10.1109/NaNA60121.2023.00043

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