Decentralizing Journals and Peer Review DAOs: the evolution of legitimacy in scientific publishing

Nevertheless, DAOs are not without their challenges. The ideal design of DAOs is still being explored, exposing challenging governance questions which may ultimately stymie their growth and development. DAOs are not formally recognized and do not fit neatly into existing forms of business associations, making it difficult for DAOs to interact with ... See more

While encompassing traditional for-profit models as well, the earlier term DAC (decentralized autonomous company) was also used to imagine a natural system that is conceived of as self-governing within a humanist framework. Linked to the eleventh century “deodand” legal entity, a physical object that has been granted personhood in order to be litig... See more

Transparency in DAOs will probably lead to less hierarchical organizational forms. The culture around DAOs also, currently, embraces transparency. There is an expectation that DAOs publish their budgets publicly. Anything on-chain, especially currency in-flows and out-flows, is inherently transparent.