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In collaboration with the Wharton Blockchain and Digital Asset Project
Decentralized Autonomous Organizations: Beyond the Hype
W H I T E P A P E R
J U N E 2 0 2 2
Decentralized Autonomous Organizations: Beyond the Hype PAGE
Decentralized Autonomous Organizations: Beyond the Hype
PAGE 2
Images: Getty Images
Contents
Foreword 3
Executive summary 4
Introduction 5
What is a DAO? 6
Emergence of DAOs 6
History of DAOs 7
DAO strengths and weaknesses 8
Practical elements 10
Launching DAOs 10
Managing DAOs 11
Categories of DAOs 12
Means and objectives 13
Defining terms 15
Key issues for the future of DAOs 16
Practical challenges 16
Legal and regulatory challenges 18
Conclusion 19
Contributors 20
Endnotes 21
Disclaimer
This document is published by the
World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily
represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders.
? 2022 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.
June 2022
Decentralized Autonomous Organizations:
Beyond the Hype
Foreword
Aiden Slavin
Project Lead, Crypto Impact and Sustainability Accelerator, World Economic Forum, USA
Kevin Werbach
Professor of Legal Studies and Business Ethics and Director, Blockchain and Digital Asset Project, Wharton School, University of Pennsylvania, USA
Innovation has always driven organizational coordination. From the rise of the joint-stock company in the seventeenth century, the development of limited liability in the nineteenth and the proliferation of the internet in the twentieth, novel structures and tech
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