Research Summary: What is a DAO? Conceptual Foundations

  1. By definition, every DAO is an (subset) of organisation, but not every organisation is a DAO. The legal form of a DAO can vary, from a unincorporated non-profit assoc to a collective fund of funds. see

  2. Decentralisation - well the SEC still hasn’t given a clear rule on this but we can assume a decision model that devolves to individual/group rather than traditional hierarchy

  3. the autonomous part is debatable, there are examples of cybernetic organisations (cybORGs) which clearly are not DAOs (the CFTC consent order against Ooki) but a concept that promotes governance is too narrow. Typical governance concepts are enumerated here but member participation is a necessary but not sufficient condition for a DAO. Heck a football riot involves everyone but an fracas is not organised.

Perhaps we can come up with D-corp, the DAO equiv of B-corp or standard C-corp. What are the tests that would be supporting evidence of a DAO considering the spectrum of for/non-profit above can all fit into the definition?

---- An in response to @Sword.of.Owmens below, I respectfully ask him to give us some insight as to new institutions that may evolve within the Internet of Value :point_down:

6 Likes