Decentralized Autonomous Organizations As Emerging Economic Entities in Accounting and Governance Frameworks

Authors

  • Dr. Rajendra V. Patil

    Department of Computer Engineering, SSVPS Bapusaheb Shivajirao Deore College of Engineering, Dhule (MS), India

  • Dr. Vishakha Abhay Gaidhani

    Department of Master of Business Administration, Sir Visvesvaraya Institute of Technology, Nashik (MS), India

  • Dr. Pratibha Vivekanand Kashid

    Department of Information Technology, Sir Visvesvaraya Institute of Technology, Nashik (MS), India

  • Dr. Indrani Hazarika

    Department of Business and Specialization Accounting, Higher Colleges of Technology, United Arab Emirates

  • Dr. Ramchandra Vasant Mahadik

    Bharati Vidyapeeth (Deemed to be University) Institute of Management and Entrepreneurship Development, Pune-411038

  • Dr. Govind Mohanlal Poddar

    NES Gangamai Collage of Engineering, Nagaon, Dhule (MS), India

  • Shravani R. Patil

    Department of Computer Engineering, SSVPS Bapusaheb Shivajirao Deore College of Engineering, Dhule (MS), India

How to Cite

Patil , D. R. V. ., Gaidhani , D. V. A. ., Kashid , D. P. V. ., Hazarika, D. I. ., Mahadik, D. R. V. ., Poddar , D. G. M. ., & Patil, S. R. . (2025). Decentralized Autonomous Organizations As Emerging Economic Entities in Accounting and Governance Frameworks. International Journal of Accounting and Economics Studies, 12(4), 166-177. https://doi.org/10.14419/1sy2j677

Received date: June 25, 2025

Accepted date: August 2, 2025

Published date: August 5, 2025

DOI:

https://doi.org/10.14419/1sy2j677

Keywords:

Decentralized Autonomous Organizations, Blockchain, Smart contracts, Auditing, Accounting Transparency, Decentralized Finance

Abstract

Decentralized Autonomous Organizations (DAOs) represent a new form of economic organization, leveraging smart contracts and blockchain technology to manage financial operations, governance, and decision-making. This structure eliminates the need for centralized intermediaries. From an accounting and economic perspective, this article investigates DAOs, offering a comprehensive examination of their architecture, voting methods, governance procedures, smart contract vulnerabilities, and the legal environment. The article proposes a five-tiered DAO structure, demonstrating how each layer contributes to operational efficiency, transparency, and decentralized responsibility. The study emphasizes the importance of smart contract auditing tools in ensuring reliable financial transactions. According to the data presented in the study, applying traditional accounting principles to token-based transactions, decentralized decision systems, and DAO treasuries poses significant challenges such as token valuation, revenue recognition, and the absence of standardized reporting formats. The study explains how DAOs act as economic coordinators, using real-world case studies such as MakerDAO, Gitcoin DAO, and Uniswap DAO. Additionally, the research highlights the issues DAOs face regarding valuation and compliance. This article concludes with a policy-focused examination of regulatory gaps and offers suggestions for future research directions in the areas of financial integration, legal categorization, and the sustainability of DAOs. Through the integration of institutional and economic theory with the technical structure of DAOs, this research advances our understanding of DAOs as novel forms of finance and governance.

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How to Cite

Patil , D. R. V. ., Gaidhani , D. V. A. ., Kashid , D. P. V. ., Hazarika, D. I. ., Mahadik, D. R. V. ., Poddar , D. G. M. ., & Patil, S. R. . (2025). Decentralized Autonomous Organizations As Emerging Economic Entities in Accounting and Governance Frameworks. International Journal of Accounting and Economics Studies, 12(4), 166-177. https://doi.org/10.14419/1sy2j677

Received date: June 25, 2025

Accepted date: August 2, 2025

Published date: August 5, 2025