Longevity Foundation: Perspective on Decentralized Autonomous Organization for Special-Purpose Financing

Abstract

Decentralized autonomous organizations (DAO) launched on a blockchain and governed by a smart contract promises to bring self-organization to a new technological level. Crisis management has no standard decentralized solution within DAO yet. A central authority is a natural component due to compliance reasons in certain domains, for example, special-purpose financing, in which the DAO governance model could be reasonably applied. More generally, a centralized DAO representative could streamline implementing DAO decisions that involve interactions with legacy systems. The article presents a perspective of modern technologies for organizing a foundation for special-purpose financing and considers longevity as a model example of the purpose.