Exploring governance frameworks and decision processes in blockchain-based decentralized autonomous organizations
DOI:
https://doi.org/10.14419/h0y6dw98Keywords:
DAO; Blockchain; Smart Contracts; On-Chain Governance; Off-Chain Governance; Quadratic Voting; Reputation Based SystemsAbstract
Decentralized Autonomous Organizations (DAOs), which employ smart contracts and blockchain technology to facilitate decentral-ized, democratic, and transparent decision-making, are an innovative change in organizational governance. This study examines the basic architecture of DAOs in the larger blockchain ecosystem, emphasizing how smart contracts help automate governance proce-dures. On-chain and off-chain governance models are the main topics of this thorough analysis of DAO governance systems. Off-chain governance refers to the decision-making process that happens outside the blockchain to increase flexibility and efficiency. In contrast, on-chain governance uses blockchain-based voting to guarantee transparency and immutability. A comparison of these models assesses their benefits, drawbacks, and compromises, especially regarding decentralization, security, and decision-making efficiency. There is also discussion of developments in DAO governance, such as cross-chain interoperability, hybrid models, and AI-assisted decision-making. The results highlight the necessity of a well-rounded governance strategy that incorporates both off-chain flexibility and on-chain security. By providing insights on optimizing decision-making frameworks for decentralized organiza-tions, this research adds to the continuing discussion on DAO governance.
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How to Cite
Received date: April 2, 2025
Accepted date: May 1, 2025
Published date: May 5, 2025