Decentralized Autonomous Organization (DAO): From Layers to Networks

Abstract

In 2005, in his book The World is Flat, Thomas Friedman claimed that the emergence of the Internet was rapidly flattening the world (Freidman, 2005). The pyramid-shaped hierarchy is gradually dwindling as compared to organizations in the first half of the 20th century. Control is waning and innovation is taking over as the primary driver of productivity, which in turn encourages more hierarchy reductions. However, Web2’s capabilities are constrained, and technology firms that manage Internet access have become new monopolies due to the Matthew effect. Fewer companies can develop into new industry titans and it seems the pace of innovation has slowed down recently…