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Mar 18, 2024·arXiv (Cornell University)
3 cites
Demystifying the DAO Governance Process

Junjie Ma, Muhui Jiang, Jinan Jiang, Xiapu Luo · 8 authors

Decentralized Autonomous Organization (DAO) becomes a popular governance solution for decentralized applications (dApps) to achieve decentralized governance. In the DAO, no single entity can arbitrarily control the dApps without approval from the majority of members. However, despite its advantages, DAO has also been targeted by several attacks, leading to the loss of millions of dollars. In this paper, we first provided an overview of the DAO governance process within the blockchain. Next, we identified the issues within three components of governance process: Governance Contract, Documentation, and Proposal. Each of these components is vulnerable to issues that could potentially result in substantial financial losses. Then we developed automated methods to detected above issues. To investigate the issues within the existing DAO ecosystem, we constructed a state-of-the-art dataset that includes 16,427 DAOs, 183 documentation, and 122,307 proposals across 9 different blockchains. Our analysis reveals that a majority of DAO developers and members have not given sufficient attention to these issues, especially in the area of proposal. The result shows that over 60% of the examined proposals fail to provide a consistent description and code for their members, highlighting a significant gap in ensuring transparency within the DAO governance process. For a better DAO governance ecosystem, DAO developers and members can utilize the methods to identify and address issues within governance process.

Open access
Marine and Offshore Engineering Studies
Original source
Mar 29, 2023·Borobudur Law and Society Journal
0 cites
Perlindungan Hak Cipta terhadap NFT (Non-Fungible Token) di Indonesia (Studi pada Platform Opensea)

Syaidina Akasyah, Deslaely Putranti, Reza Ajeng Febiani

NFT (Non-Fungible Token) sebagai alternatif aset digital pada masa kini memunculkan permasalahan pelanggaran hak cipta. Penelitian ini bertujuan untuk mengkaji dan menganalisis perlindungan hukum hak cipta terhadap keberadaan NFT di Indonesia terutama pada platform Opensea. Metode penelitian yang digunakan jenis penelitian yuridis normatif, yakni merupakan penelitian hukum yang dilakukan dengan cara meneliti bahan pustaka atau data sekunder. Dari penelitian yang dilakukan menunjukkan bahwa perlindungan hak cipta terhadap NFT di Indonesia belum secara jelas diatur didalam Undang-Undang Nomor 28 Tahun 2014 tentang Hak Cipta. Namun demikian, perlindungan hak cipta atas NFT pada Platform Opensea, sudah diakamodir di dalam syarat dan ketentuan dari platform tersebut. Opensea berhak melakukan takedown atas konten yang melanggar kekayaan intelektual orang lain khususnya hak cipta.

Open access
Legal Studies and Policies
Marine and Offshore Engineering Studies
Law, logistics, and international trade
Original source