Abstract
Decentralized autonomous organizations (DAO) launched on a blockchain and governed by a smart contract promises to bring self-organization to a new technological level. Crisis management has no standard decentralized solution within DAO yet. A central authority is a natural component due to compliance reasons in certain domains, for example, special-purpose financing, in which the DAO governance model could be reasonably applied. More generally, a centralized DAO representative could streamline implementing DAO decisions that involve interactions with legacy systems. The article presents a perspective of modern technologies for organizing a foundation for special-purpose financing and considers longevity as a model example of the purpose.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.