Decentralized Autonomous Organization (DAO): The case of MakerDAO

Q2 Social Sciences Journal of Information Technology Teaching Cases Pub Date : 2023-06-13 DOI:10.1177/20438869231181151

E. Ellinger, T. Mini, R. Gregory, Alexander Dietz

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Abstract

The global adoption and diffusion of cryptocurrencies and blockchain technologies has given rise to a new form of organizing referred to as decentralized autonomous organizations (DAO). Many DAOs sit at the intersection between decentralized blockchain technologies and finance, so-called decentralized finance (DeFi). This teaching case focuses on one of the most prominent and established DeFi DAOs, MakerDAO, a community-driven initiative that leverages blockchain technology to create a stablecoin pegged to the US Dollar as a basis for decentralized financial services such as lending and yield generation. The case describes the delicate balancing act between centralization and decentralization in the evolution of MakerDAO. It can be used in graduate business programs to achieve the following learning objectives: (1) Understand the concept of decentralized autonomous organization (DAO) as a new form of organizing in which communities leverage blockchain technologies and community-based principles to work jointly on a common goal, (2) Be able to assess the benefits and risks of novel decentralized finance (DeFi) models, such as MakerDAO, which offer alternative financial tools and resources that are not controlled by traditional financial institutions, (3) Evaluate the potential and pathway for disruptive innovation in the era of blockchain, cryptocurrencies, and Web3, where decentralized applications (dapps) on blockchain networks enable decentralized and trustless transactions and interactions.

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去中心化自治组织(DAO): MakerDAO的案例

加密货币和区块链技术的全球采用和扩散产生了一种新的组织形式，称为去中心化自治组织(DAO)。许多dao位于去中心化区块链技术和金融之间的交叉点，即所谓的去中心化金融(DeFi)。本教学案例侧重于最著名和最成熟的DeFi dao之一MakerDAO，这是一项社区驱动的计划，利用区块链技术创建与美元挂钩的稳定币，作为去中心化金融服务(如贷款和收益产生)的基础。本案例描述了MakerDAO发展过程中中心化和去中心化之间的微妙平衡。它可以用于研究生商业课程，以实现以下学习目标:(1)理解去中心化自治组织(DAO)的概念，作为一种新的组织形式，社区利用区块链技术和基于社区的原则共同努力实现共同目标;(2)能够评估新型去中心化金融(DeFi)模型的收益和风险，例如MakerDAO，它提供了不受传统金融机构控制的替代金融工具和资源;(3)评估区块链、加密货币和Web3时代颠覆性创新的潜力和途径，其中区块链网络上的去中心化应用程序(dapps)实现了去中心化和无信任的交易和交互。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Information Technology Teaching Cases Social Sciences-Library and Information Sciences

CiteScore

2.30

自引率

0.00%

发文量

期刊介绍： The Journal of Information Technology Teaching Cases (JITTC) provides contemporary practical case materials for teaching topics in business and government about uses and effectiveness of technology, the organisation and management of information systems and the impacts and consequences of information technology. JITTC is designed to assist academics, scholars, and teachers in universities and other institutions of executive education, as well as instructors of organizational training courses. Case topics include but are not restricted to: alignment with the organization, innovative uses of technology, emerging technologies, the management of IT, including strategy, business models, change, infrastructure, organization, human resources, sourcing, system development and implementation, communications, technology developments, technology impacts and outcomes, technology futures, national policies and standards.