Decentralized Autonomous Community: Concept, Model, and Innovation

Abstract

The current economic organizational forms are increasingly inadequate for humanity's long-term development. Blockchain technology, much like the advent of steam engines and power systems, is transforming national governance and market operations. A substantial body of literature has explored Decentralized Autonomous Organizations (DAOs) built on blockchain technology. This paper builds upon existing literature to introduce the concept of a Decentralized Autonomous Community (DAC), delineate its legal framework, and propose a technical model based on the Consortium Blockchain. DACs not only address internal and external decision-making and governance within community systems but also ensure appropriate national supervision. By leveraging the innovative potential of blockchain, DACs promise a more efficient and equitable economic structure that aligns with contemporary societal needs.