Unfolding Hyper-Sovereignty: A Preliminary Examination of Decentralized Autonomous Organizations (DAOs) through Definitional Properties

Abstract

This article delves into the emergence of Decentralized Autonomous Organizations (DAOs), which operate via rules set in smart contracts on blockchain networks. Unlike traditional organizations, DAOs are a collec-tive of individuals coordinating online, without centralized authority, driven by a common algorithmic rule set to attain mutual objectives. Although DAOs are pioneering and hold immense potential as a catalyst for economic productivity and innovation, they remain in their nascent stages. The technology underpinning DAOs also opens avenues for multidisciplinary research, exploring its economic, legal, political, and social implications.