Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): an integrative model and research agenda

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dc.contributor.authorSantana Cabello, Carlos Manuel
dc.contributor.authorAlbareda Vivó, Laura
dc.date.accessioned2026-02-10T13:39:08Z
dc.date.available2026-02-10T13:39:08Z
dc.date.issued2022-07-01
dc.date.updated2026-02-10T13:39:08Z
dc.description.abstractDecentralized autonomous organizations (DAOs) are blockchain-based organizations fed by a peer-to-peer (P2P) network of contributors. Their management is decentralized without top executive teams and built on automated rules encoded in smart contracts, and their governance works autonomously based on a combination of on-chain and off-chain mechanisms that support community decision-making. A growing body of literature has emerged exploring DAOs. However, there is a considerable lack of clarity about this organizational design and its theoretical conceptualization. To this end, we undertake an integrative literature review that reveals three main principles—decentralized, automated and autonomous organizations—and the following four theoretical perspectives mainly adopted to examine this novel organizational form: transaction cost theory, institutions for collective action, agency theory, and socio-materiality. By extending these theories, we propose an integrative model of DAO for research and theory building. Our contribution provides conceptual clarity and proposes a framework for future research directions.en
dc.description.sponsorshipEuropean Commission's Horizon 2020 Research and Innovation Programme under Marie Skłodowska-Curie grant agreement number 665959 (Marie Skłodowska Curie Grant Agreement- DIRS Co-funding Programme at University of Deusto - Carlos Santana- PhD Fellowship and research project: “The Sharing Economy/Collaborative Consumption as a source of individual and community empowerment to boost trade and local development” (01/09/2017–31/08/2020)en
dc.identifier.citationSantana, C., & Albareda, L. (2022). Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): an integrative model and research agenda. Technological Forecasting and Social Change, 182. https://doi.org/10.1016/J.TECHFORE.2022.121806
dc.identifier.doi10.1016/J.TECHFORE.2022.121806
dc.identifier.issn0040-1625
dc.identifier.urihttps://hdl.handle.net/20.500.14454/5065
dc.language.isoeng
dc.publisherElsevier Inc.
dc.rights© 2022 The Authors
dc.subject.otherBlockchain
dc.subject.otherCollective action
dc.subject.otherDAO
dc.subject.otherDecentralized autonomous organizations
dc.subject.otherHuman–machine agency
dc.subject.otherToken
dc.titleBlockchain and the emergence of Decentralized Autonomous Organizations (DAOs): an integrative model and research agendaen
dc.typejournal article
dcterms.accessRightsopen access
oaire.citation.titleTechnological Forecasting and Social Change
oaire.citation.volume182
oaire.licenseConditionhttps://creativecommons.org/licenses/by/4.0/
oaire.versionVoR
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