Exploring off-chain voting and blockchain in decentralized autonomous organizations

IF 1.3 Q3 BUSINESS
Thiago Dias Monteiro, Otavio Próspero Sanchez, Gustavo Hermínio Salati Marcondes de Moraes
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引用次数: 0

Abstract

Purpose

The current scenario shows increased adoption of off-chain voting applications in decentralized autonomous organizations (DAOs) to avoid complexity and costs for user engagement in their governance. This paper aims to comprehend the trends and patterns within the DAO community with off-chain voting systems and blockchain usage.

Design/methodology/approach

This exploratory study uses a two-pronged quantitative approach, combining descriptive statistical analysis and fuzzy-set qualitative comparative analysis. Input data from different DAO proposals and votes were analyzed.

Findings

Results indicate that the 179 DAOs analyzed account for 26,538 proposals and 1,268,474 followers of the entire Snapshot base in January 2023, showing high concentration in engagement. The preferred social media communication channels are Twitter and GitHub, showing a decrease of Ethereum as a main chain, with Polygon and Binance Smart Chain already accounting for 22%. Basic voting can lead to greater user involvement in the voting process.

Research limitations/implications

This study complements the traditional governance theory perspective and advances in the emerging literature on DAOs and blockchain with an empirical analysis.

Practical implications

As blockchain technology gains increasing adoption, comprehending trends and patterns within the DAO community becomes pivotal in identifying opportunities and challenges for innovation and improvement.

Social implications

Findings can facilitate the development of improved governance models and decision-making processes for DAOs, leading to a more robust and sustainable ecosystem.

Originality/value

This study presents a broader IT-based governance foresight via blockchain while providing an understanding of the voting process, technology features and governance mechanisms for social community engagement and decision-making in DAOs.

探索去中心化自治组织中的链下投票和区块链
目的当前去中心化自治组织(DAO)越来越多地采用链下投票应用,以避免用户参与治理的复杂性和成本。本文旨在了解 DAO 社区在链外投票系统和区块链使用方面的趋势和模式。本探索性研究采用双管齐下的定量方法,将描述性统计分析和模糊集定性比较分析相结合。结果结果表明,分析的 179 个 DAO 在 2023 年 1 月的整个快照库中占 26,538 个提案和 1,268,474 个关注者,显示出高度集中的参与度。首选的社交媒体传播渠道是 Twitter 和 GitHub,显示以太坊作为主链的比例有所下降,Polygon 和 Binance 智能链已占 22%。研究局限/意义本研究通过实证分析,补充了传统治理理论的观点,并推动了有关 DAO 和区块链的新兴文献的发展。实践意义随着区块链技术越来越多地被采用,理解 DAO 社区内的趋势和模式对于确定创新和改进的机遇和挑战至关重要。社会意义研究结果可促进开发更好的 DAO 治理模式和决策流程,从而建立一个更强大、更可持续的生态系统。原创性/价值本研究通过区块链提出了一个更广泛的基于信息技术的治理前瞻,同时提供了对 DAO 中社会社区参与和决策的投票流程、技术特征和治理机制的理解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.30
自引率
5.00%
发文量
22
审稿时长
30 weeks
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