A Novel Approach for Predictable Governance of Decentralized Autonomous Organizations Based on Parallel Intelligence
Ding, Wenwen1; Liang, Xiaolong1; Hou, Jiachen1; Li, Juanjuan2; Rouabah, Younes1; Yuan, Yong3; Wang, Fei-Yue4,5
Source PublicationIEEE TRANSACTIONS ON SYSTEMS MAN CYBERNETICS-SYSTEMS
ISSN2168-2216
2022-12-06
Pages12
Corresponding AuthorYuan, Yong(yong.yuan@ruc.edu.cn)
AbstractDecentralized autonomous organizations (DAOs) have become an indispensable part of digital infrastructure in recent years. The unique organizational characteristics and functional structure empower them to become an effective tool for solving corporate governance issues, including contract risks, principal-agent dilemmas, etc. However, DAOs themselves also face a variety of governance issues. On one hand, as a new economic organization model, the existing corporate governance theories and methods are no longer fully applicable to DAOs. On the other hand, unpredictable logic vulnerabilities and code loopholes in the governance mechanism might cause devastating damage to DAOs. The parallel intelligence theory based on the ACP method (i.e., artificial systems, computational experiments, and parallel execution) is an elegant research paradigm and a practical approach tailored to solving these challenges. As such, we propose a novel parallel governance framework for DAOs based on the parallel intelligence theory and further discuss its technical methodology and implementation model. Furthermore, we construct a parallel governance system for GnosisDAO and conduct computational experiments to validate the effectiveness of its governance mechanism. The experimental results not only confirm the defects of the GnosisDAO governance mechanism but also illustrate parallel governance as a useful research direction to solve existing governance problems of DAOs.
KeywordBlockchain decentralized autonomous organizations (DAOs) GnosisDAO parallel governance parallel intelligence smart contracts
DOI10.1109/TSMC.2022.3224250
WOS KeywordBLOCKCHAIN ; SYSTEMS
Indexed BySCI
Language英语
Funding ProjectNational KeyResearch and Development Program of China[2018AAA0101401] ; Science and Technology Development Fund, Macau[0050/2020/A1] ; Open Research Fund of The StateKey Laboratory for Management and Control of Complex Systems[20200111] ; National Natural Science Foundation ofChina[72171236] ; National Natural Science Foundation ofChina[72171230] ; National Natural Science Foundation ofChina[62103411]
Funding OrganizationNational KeyResearch and Development Program of China ; Science and Technology Development Fund, Macau ; Open Research Fund of The StateKey Laboratory for Management and Control of Complex Systems ; National Natural Science Foundation ofChina
WOS Research AreaAutomation & Control Systems ; Computer Science
WOS SubjectAutomation & Control Systems ; Computer Science, Cybernetics
WOS IDWOS:000896597300001
PublisherIEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
Citation statistics
Cited Times:15[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.ia.ac.cn/handle/173211/50807
Collection多模态人工智能系统全国重点实验室_平行智能技术与系统团队
Corresponding AuthorYuan, Yong
Affiliation1.Macau Univ Sci & Technol, Inst Syst Engn, Macau, Peoples R China
2.Chinese Acad Sci, Inst Automat, State Key Lab Management & Control Complex Syst, Beijing 100190, Peoples R China
3.Renmin Univ China, Res Ctr Finance Computat & Digital Engn, Sch Math & Engn, Minist Educ, Beijing 100872, Peoples R China
4.Chinese Acad Sci, State Key Lab Management & Control Complex Syst, Beijing 100190, Peoples R China
5.Macau Univ Sci & Technol, Macau Inst Syst Engn, Macau, Peoples R China
Recommended Citation
GB/T 7714
Ding, Wenwen,Liang, Xiaolong,Hou, Jiachen,et al. A Novel Approach for Predictable Governance of Decentralized Autonomous Organizations Based on Parallel Intelligence[J]. IEEE TRANSACTIONS ON SYSTEMS MAN CYBERNETICS-SYSTEMS,2022:12.
APA Ding, Wenwen.,Liang, Xiaolong.,Hou, Jiachen.,Li, Juanjuan.,Rouabah, Younes.,...&Wang, Fei-Yue.(2022).A Novel Approach for Predictable Governance of Decentralized Autonomous Organizations Based on Parallel Intelligence.IEEE TRANSACTIONS ON SYSTEMS MAN CYBERNETICS-SYSTEMS,12.
MLA Ding, Wenwen,et al."A Novel Approach for Predictable Governance of Decentralized Autonomous Organizations Based on Parallel Intelligence".IEEE TRANSACTIONS ON SYSTEMS MAN CYBERNETICS-SYSTEMS (2022):12.
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