Decentralized Autonomous Organization (DAO): From Layers to Networks

Sue Tang, Bosheng Ding and Jack Cheng

Chapter 7 in Global Web3 Eco Innovation, 2023, pp 139-155 from World Scientific Publishing Co. Pte. Ltd.

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…

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 (search for similar items in EconPapers)
JEL-codes: G2 O32 O33 (search for similar items in EconPapers)
Date: 2023
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