Exploring the Landscape of Decentralized Autonomous Organizations: A Comprehensive Review of Blockchain Initiatives

9 Pages Posted: 11 Oct 2023

See all articles by Oluwaseun Oladeji Olaniyi

Oluwaseun Oladeji Olaniyi

University of the Cumberlands

Samuel Oladiipo Olabanji

Midcontinent Independent System Operator (MISO energy)

Olalekan J. Okunleye

University of the Cumberlands

Date Written: September 15, 2023

Abstract

The present study aims to investigate the DAO initiative and scrutinize the diverse methodologies researchers employ for data collection in this area, highlighting any unresolved problems or limitations and suggesting approaches to enhance blockchain technology for future investigations. A remarkable blockchain initiative is the decentralized autonomous organization (DAO), a decentralized blockchain technology system that lets people self-govern through self-executing rules. The methodology is a qualitative analysis that uses contractual and business aspects to create a legally binding smart contract for DAO collaborations; thus, SPESC and Symboleo are smart-contract languages (SCL) that can involve IT and non-IT individuals in contract development. Blockchain technology has created Decentralized Autonomous Organizations (DAOs) that perform autonomously through smart contracts within their ecosystem without the necessity for centralized control or third-party intervention.

Keywords: Blockchain technology, smart-contract languages, decentralized autonomous organization, global economy

Suggested Citation

Olaniyi, Oluwaseun Oladeji and Olabanji, Samuel Oladiipo and Okunleye, Olalekan J., Exploring the Landscape of Decentralized Autonomous Organizations: A Comprehensive Review of Blockchain Initiatives (September 15, 2023). Available at SSRN: https://ssrn.com/abstract=4573001 or http://dx.doi.org/10.2139/ssrn.4573001

Oluwaseun Oladeji Olaniyi (Contact Author)

University of the Cumberlands ( email )

6178 College Station Drive
Williamsburg, KY 40769
United States

HOME PAGE: http://www.ucumberlands.edu

Samuel Oladiipo Olabanji

Midcontinent Independent System Operator (MISO energy)

Olalekan J. Okunleye

University of the Cumberlands

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