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Aspects for Implementations of Decentralized Autonomous Organizations (DAO) in Switzerland

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Information Systems and Technologies (WorldCIST 2023)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 801))

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Abstract

The so-called decentralized autonomous organization (DAO) is a new concept that has emerged in recent years through the development of blockchain technology. The DAO represents a new form of organization in which the rules and regulations are embedded on the blockchain in the form of smart contracts and can operate without central control or third-party intervention. However, DAOs face many challenges such as security and legal issues due to their novelty. This paper describes the DAO concept and analyzes various aspects from business, social, technical, security and legal perspectives. Furthermore, the advantages and disadvantages of the concept have been elaborated. A qualitative approach was adopted by conducting literature research and three semi-structured expert interviews. From the results, aspects and guiding questions were developed to help initiators with the implementation of DAOs. It can be concluded that the concept DAO is a means to an end. With the blockchain technology, the DAO has advantages such as transparency and traceability. The ideal that a use case can be controlled in a completely decentralized manner is unrealistic. Therefore, a combination of centralized and decentralized components should be used in the setup.

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Author information

Authors and Affiliations

  1. Hotelplan Group, Opfikon, Switzerland

    Moë Caviezel

  2. Zurich University of Applied Sciences, Winterthur, Switzerland

    Florian Spychiger & Valerio Stallone

Authors
  1. Moë Caviezel
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  2. Florian Spychiger
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  3. Valerio Stallone
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Corresponding author

Correspondence to Florian Spychiger .

Editor information

Editors and Affiliations

  1. ISEG, Universidade de Lisboa, Lisbon, Cávado, Portugal

    Alvaro Rocha

  2. College of Engineering, The Ohio State University, Columbus, OH, USA

    Hojjat Adeli

  3. Institute of Data Science and Digital Technologies, Vilnius University, Vilnius, Lithuania

    Gintautas Dzemyda

  4. DCT, Universidade Portucalense, Porto, Portugal

    Fernando Moreira

  5. TeCIP Institute, Scuola Superiore Sant’Anna, Pisa, Italy

    Valentina Colla

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Caviezel, M., Spychiger, F., Stallone, V. (2024). Aspects for Implementations of Decentralized Autonomous Organizations (DAO) in Switzerland. In: Rocha, A., Adeli, H., Dzemyda, G., Moreira, F., Colla, V. (eds) Information Systems and Technologies. WorldCIST 2023. Lecture Notes in Networks and Systems, vol 801. Springer, Cham. https://doi.org/10.1007/978-3-031-45648-0_36

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