Decentralized Autonomous Organization

Governing by computation: operationalization of Decentralized Autonomous Societies. They build on a class of smart contracts based on open blockchains (e.g. Ethereum) which allow standardizing contracts and the automated execution of decision-making and government functions, making them obsolete (Voshmgir, 2019). Contract deployment into the Blockchain dynamizes democratic participation if maintaining the blockchain is rewarded with tokens. Tokens could also be applied to incentivize the contribution of individual behavior towards a common goal, while abandoning any form of hierarchical structure. Only the blockchain protocols citizens are mutually agreeing upon function as a structuring element comparable to the constitution and governing laws with tokenized networks that self-enforce the contract consent. Thus, autonomous actors in networks are subject to governance based on blockchain protocols which resemble a network constitution

Proponents: Marty Bent, Pierre Bourdieu

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Reason for intervention

Institutional impact

Governance level



Legitimacy decision