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October 1, 202319 citations

From DAO to TAO: Finding The Essence of Decentralization

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JLJuanjuan LiXLXiaolong LiangRQRui Qin

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Abstract

Decentralized Autonomous Organizations (DAOs) have been gaining popularity in recent years due to their promise of realizing the decentralized Web 3.0. However, most DAOs rely heavily on token-centric value systems as well as allocate decision-making authority and yield-sharing rights according to the held tokens, which often lead to monopolization of power and rights. To address this issue, this paper contributes to propose a truly democratic organization model, named True Autonomous Organizations and Operations (TAOs), that does not count upon tokens and is guided by principles of contribution-based and on-demand allocation. We first discuss the design of TAOs, including their infrastructures, power structures, and value systems, and then provide a technical roadmap for implementing TAOs in the DeSci context. This research can provide a valuable guidance for the construction and application of TAOs.

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Cite This Study

Li et al. (2023) studied this question.

synapsesocial.com/papers/6a13065a8793652519a6b23bhttps://doi.org/10.1109/smc53992.2023.10394591
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