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Decentralized Autonomous Organization (DAO): From Layers to Networks

In: Global Web3 Eco Innovation

Author

Listed:
  • Sue Tang
  • Bosheng Ding
  • Jack Cheng

Abstract

In 2005, in his book The World is Flat, Thomas Friedman claimed that the emergence of the Internet was rapidly flattening the world (Freidman, 2005). The pyramid-shaped hierarchy is gradually dwindling as compared to organizations in the first half of the 20th century. Control is waning and innovation is taking over as the primary driver of productivity, which in turn encourages more hierarchy reductions. However, Web2’s capabilities are constrained, and technology firms that manage Internet access have become new monopolies due to the Matthew effect. Fewer companies can develop into new industry titans and it seems the pace of innovation has slowed down recently…

Suggested Citation

  • Sue Tang & Bosheng Ding & Jack Cheng, 2023. "Decentralized Autonomous Organization (DAO): From Layers to Networks," World Scientific Book Chapters, in: Global Web3 Eco Innovation, chapter 7, pages 139-155, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811283680_0007
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    More about this item

    Keywords

    Web3; Metaverse; Decentralized Finance (DeFi); Non-Fungible Token (NFT); GameFi; Infrastructure; Digital Assets; Blockchain; Decentralized Applications (DApp); Financial Technology; Cryptocurrency; Financial Inclusion; Digital Economy; Digital Transformation; Robo Advisory; Financial Regulation;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G2 - Financial Economics - - Financial Institutions and Services

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