Analysing decentralised autonomous organisations (DAOs): limits and perspective

IF 1.3 Q3 BUSINESS, FINANCE
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引用次数: 0

Abstract

Distributed Ledger Technologies enable the decentralised delivery of traditional financial services. They also allow the development of disruptive proposals, such as the issuance of stablecoins managed by the governance system of an autonomous decentralised organisation or DAO. One such project, MakerDAO, stands out in the current DeFi landscape. The initiative claims its proposal provides money that facilitates financial inclusion by dispensing with intermediaries through a decentralised infrastructure. However, the claim must be contrasted with the reality of the operation of the stablecoin, the vulnerabilities that can affect the project, and the interaction with the different elements of the legal system.

分析非集中化自治组织(DAOs):局限与视角
摘要 分布式账本技术(Distributed Ledger Technologies)能够以去中心化的方式提供传统金融服务。分布式账本技术还允许提出颠覆性的建议,例如发行由自治去中心化组织或 DAO 治理系统管理的稳定币。MakerDAO 就是这样一个项目,它在当前的 DeFi 环境中脱颖而出。该项目声称,其建议通过去中心化的基础设施免除中介机构,提供有利于金融普惠的货币。然而,这种说法必须与稳定币运作的现实、可能影响项目的漏洞以及与法律体系不同要素的互动形成对比。
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来源期刊
CiteScore
3.70
自引率
6.20%
发文量
21
期刊介绍: Under the guidance of its highly respected Editors and an eminent and truly international Editorial Board?Journal of Banking Regulation?has established itself as one of the leading sources of authoritative and detailed information on all aspects of law and regulation affecting banking institutions.Journal of Banking Regulation?publishes in each quarterly issue detailed briefings analyses and updates which are of direct relevance to practitioners working in the field while meeting the highest intellectual standards.Journal of Banking Regulation?publishes the latest thinking and best practice on:Basel I II and IIIModels for banking supervisionInternational accounting standardsDeposit protectionEnforcement decisions in banking regulation and supervisionCross-border competition in banking servicesCorporate governance in banksHarmonisation in banking marketsSupervising credit riskAnti-money laundering legislation and regulationsMonetary integrationRisk capital and capital adequacySystemic risk in banking operationsCross-border regulationCross-border bank insolvencyModels for banking riskEssential reading for:central bankersbanking supervisorsfinancial regulatorsbankerscompliance officersheads of risk managementpolicy makersbank associationslawyers specialising in banking lawaccountantsinternal and external bank auditorsacademics and researchers
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