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We live in a world that has historically been dominated by centralized, hierarchical organizations. Such organizations are characterized by (i) a centralized source of authority; (ii) a formal hierarchy with clearly defined “roles”; and, (iii) standardized operational systems and procedures...
Persistent link: https://www.econbiz.de/10012898567
In an age of constant, complex and disruptive technological innovation, knowing what, when, and how to structure regulatory interventions has become more difficult. Regulators find themselves in a situation where they believe they must opt for either reckless action (regulation without...
Persistent link: https://www.econbiz.de/10012935597
Venture capital (VC) models can be optimized with emerging decentralized technology. After discussing the shortcomings of the existing VC market and the rise of alternative early-round funding mechanisms, the paper highlights the evolution of VC businesses that are operated by a Decentralized...
Persistent link: https://www.econbiz.de/10014361556
The nomenclature for the term “securities token” is unclear and the term securities token has not been defined. The lack of a clearly delineated nomenclature resulted in various uses and interpretations of the term securities token, especially vis-à-vis the term “utility token.” This...
Persistent link: https://www.econbiz.de/10013306437
The evolution of blockchain technology as a foundational and transformational technology helps solve critical societal problems. Blockchain technology enables sustainability-focused blockchain initiatives to achieve their social and public welfare objectives. Using a dataset of...
Persistent link: https://www.econbiz.de/10014031506
Existing valuation metrics for legacy assets only limitedly apply in the context of digital assets. The valuation infrastructure in the current legal, accounting, technology, and back-office framework in combination with the immaturity of the digital asset market create an environment of digital...
Persistent link: https://www.econbiz.de/10013299315
Decentralized Autonomous Organizations (DAOs) have the potential to upgrade finance. This paper evaluates the design of and system requirements for a decentralized cryptocurrency venture capital investment club that is operating as a DAO (DAOIC). The design of the proposed DAOIC enables...
Persistent link: https://www.econbiz.de/10014349012
Decentralized Autonomous Organizations (DAOs) enable unprecedented technology-driven decentralized decision-making tools, transparent governance, and direct participation of stakeholders, making them highly adaptable to the evolving digital age.DAOs disrupt established centralized legacy models...
Persistent link: https://www.econbiz.de/10014349242
Corporations and other forms of business organizations can be supplemented with blockchain-based agency constructs. Blockchain-based decentralized autonomous organizations (DAOs) expand the definition of the firm. On-chain DAO governance enables dynamic regulatory features that facilitate...
Persistent link: https://www.econbiz.de/10012848060
Centralized mechanical turk solutions are subject to significant shortcomings. Decentralized crypto solutions can optimize the mechanical turk market. Autonomous decentralized protocols for validating domain specific reputation of workers that perform tasks allow micro task workers to stake...
Persistent link: https://www.econbiz.de/10012926759