DAO Governance: A New Paradigm of Distributed Collaboration in the Blockchain Era

robot
Abstract generation in progress

DAO Governance: The Evolution of Distributed Collaborative Systems

In the physical world we are familiar with, various types of governance are usually decided by one or more centers, characterized by a strict hierarchy and clear levels. However, with the birth and development of Bitcoin, a brand new idea has gradually emerged - a collaborative system that everyone can participate in.

The concept of DAO(, or Decentralized Autonomous Organization, originally originated from the Ethereum network. About two years ago, during the ICO boom, people envisioned a new form of social organization. Through smart contracts, anyone can raise funds and issue tokens on the network. Participants holding tokens can participate equally in project governance without permission, where code is law. This is the germination of DAO governance ideas. Although most initial attempts failed, after two years of exploration and practice, this new organizational form has gradually improved.

DAO is an abbreviation for Decentralized Autonomous Organization, which is an organizational form derived from collaborative behaviors of a group with a common vision, spontaneously formed based on the core concept of blockchain. It is the product of solving trust issues between people through blockchain and represents a revolutionary evolution in the history of human collaboration. Bitcoin, as the first decentralized distributed protocol, is widely regarded as the first complete DAO. DAO requires initial programming, but once the rules are established, it operates automatically, fulfilling its functions without external interference.

In an ideal DAO system, management is codified, programmed, and automated. "Code is law", the organization is distributed rather than hierarchical, power is decentralized rather than centralized, and management is replaced by community self-governance instead of bureaucracy, with highly autonomous communities replacing traditional companies. Following the principles of equality, voluntariness, reciprocity, and mutual benefit, each node collaborates effectively based on its own advantages and talents, producing a powerful synergy under the incentive of tokens.

However, DAO governance faces significant challenges. It is not just a simple majority voting system. Human nature, social dynamics, and the game of interests make achieving balance extremely difficult. In reality, only a small number of core stakeholders often participate in decision-making. Currently, there is no perfect DAO governance solution in the blockchain field. Some governance tools provide a public and transparent governance space for many applications, uploading information to IPFS via wallet signatures without incurring gas fees.

In the face of this revolutionary new form of social organization, we must view this ideology with a developmental perspective in order to make more concrete refinements and deeper explorations. Although the reality is harsh, this exploration and development is an inevitable process.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Share
Comment
0/400
AirdropHunter420vip
· 20h ago
What is the use of DAO? Isn't it just more internal competition?
View OriginalReply0
ZKProofstervip
· 07-09 19:09
technically speaking dao governance is still far from trustless smh
Reply0
FloorSweepervip
· 07-09 19:08
A dao is just a container that can hold anything.
View OriginalReply0
MrDecodervip
· 07-09 19:06
Distributed costs are expensive too!
View OriginalReply0
SigmaBrainvip
· 07-09 19:05
Is it reliable to talk about DAO again?
View OriginalReply0
MissedTheBoatvip
· 07-09 19:05
The dao trap is useless, it’s better to stick together.
View OriginalReply0
MemeKingNFTvip
· 07-09 19:03
Here we go again with the grand debate, don't chase the price, everyone.
View OriginalReply0
BoredWatchervip
· 07-09 18:51
It's too idealistic, isn't it? Human nature isn't that beautiful.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)