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What is Decentralized Autonomous Organization (DAO)

Chapter 4
Political and Economic Implications of Blockchain Technology in Business and Healthcare
A group of people with no central management that coordinate over the internet around a shared set of rules to achieve a common mission. It relies on a system created by a group of developers to automate decision-making, including assigning voting rights.
Published in Chapter:
Blockchanging Politics: Opening a Trustworthy but Hazardous Reforming Era
Dario de Oliveira Rodrigues (Instituto Politécnico de Santarém, Portugal) and Pedro Santana Lopes (GlobalLawyers, Portugal)
Copyright: © 2021 |Pages: 42
DOI: 10.4018/978-1-7998-7363-1.ch004
Abstract
There has been a fundamental change in the genesis of political-economic trust, with the arrival of a decentralized but structured way to reach consensuses and automatically implementing decisions through self-executable contracts. Blockchain technology (BT) is a distributed, consensus-based, and secure way for individuals to make enforceable censorship-resistant quantifiable agreements. Every vote is a transaction, and BT is paving the way for decentralizing politics, defending privacy, and streamlining voting procedures. It has the potential to provide much more granular governance that hopefully will preserve freedom and defend democracy. However, especially in an embarrassing post-COVID-19 world, BT's centralization can, instead, pave the way for citizens' control, turning cryptographic protocols into an authoritarian digital corset tightened by some to menace the privacy and freedom of many.
Full Text Chapter Download: US $37.50 Add to Cart
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Chapter 11
Using Blockchain for Smart Contracts
Is a digital decentralized autonomous organization or a form of investor-directed venture capital fund. The DAO had an objective to provide a new decentralized business model for organizing both commercial and non-profit enterprises. The code of the DAO is open source.
Published in Chapter: Using Blockchain for Smart Contracts; From: Innovative and Agile Contracting for Digital Transformation and Industry 4.0
Full Text Chapter Download: US $37.50 Add to Cart
Chapter 3
Blockchanging Money: Reengineering the Free World Incentive System
A new decentralized business model (open source) for organizing both commercial and non-profit endeavours.
Published in Chapter: Blockchanging Money: Reengineering the Free World Incentive System; From: Political and Economic Implications of Blockchain Technology in Business and Healthcare
Full Text Chapter Download: US $37.50 Add to Cart
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