DAOs' Business Value from an Open Systems Perspective: A Best-Fit Framework Synthesis
Fuente:
arXiv
Salvato in:
| Autori principali: | , |
|---|---|
| Natura: | Preprint |
| Pubblicazione: |
2024
|
| Soggetti: | |
| Accesso online: | |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
| _version_ | 1866909226747559936 |
|---|---|
| author | Küng, Lukas Giaglis, George M. |
| author_facet | Küng, Lukas Giaglis, George M. |
| contents | Decentralized autonomous organizations (DAOs) are emerging innovative organizational structures, enabling collective coordination, and reshaping digital collaboration. Despite the promising and transformative characteristics of DAOs, the potential technological advancements and the understanding of the business value that organizations derive from implementing DAO characteristics are limited. This research applies a systematic review of DAOs' business applicability from an open systems perspective following a best-fit framework methodology. Within our approach, combining both framework and thematic analysis, we discuss how the open business principles apply to DAOs and present a new DAO business framework comprising of four core business elements: i) token, ii) transactions, iii) value system and iv) strategy with their corresponding sub-characteristics. This paper offers a preliminary DAO business framework that enhances the understanding of DAOs' transformative potential and guides organizations in innovating more inclusive business models (BMs), while also providing a theoretical foundation for researchers to build upon. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2406_12445 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | DAOs' Business Value from an Open Systems Perspective: A Best-Fit Framework Synthesis Küng, Lukas Giaglis, George M. Computers and Society General Economics Economics Decentralized autonomous organizations (DAOs) are emerging innovative organizational structures, enabling collective coordination, and reshaping digital collaboration. Despite the promising and transformative characteristics of DAOs, the potential technological advancements and the understanding of the business value that organizations derive from implementing DAO characteristics are limited. This research applies a systematic review of DAOs' business applicability from an open systems perspective following a best-fit framework methodology. Within our approach, combining both framework and thematic analysis, we discuss how the open business principles apply to DAOs and present a new DAO business framework comprising of four core business elements: i) token, ii) transactions, iii) value system and iv) strategy with their corresponding sub-characteristics. This paper offers a preliminary DAO business framework that enhances the understanding of DAOs' transformative potential and guides organizations in innovating more inclusive business models (BMs), while also providing a theoretical foundation for researchers to build upon. |
| title | DAOs' Business Value from an Open Systems Perspective: A Best-Fit Framework Synthesis |
| topic | Computers and Society General Economics Economics |
| url | https://arxiv.org/abs/2406.12445 |