Exploring DAOs as a New Kind of Institution | by Joshua Tan | Commons Stack | Medium
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DAOs, or decentralized autonomous organizations, are technical tools written in code and run on blockchains, but they are also a new kind…
DAOs, or decentralized autonomous organizations, are technical tools written in code and run on blockchains, but they are also a new kind of social institution. Early explorations of DAOs focused more on their technical development and less on their social implications, leading to a series of failures that exposed the limitations of a rigid, “code is law” approach to the design of DAOs. In this article, we explore a more holistic approach to DAOs, one that integrates technical engineering with social design. We call this approach the institutional view. Defining the Terminology We have the…
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