| 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
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| Source Publication | IEEE TRANSACTIONS ON SYSTEMS MAN CYBERNETICS-SYSTEMS
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| ISSN | 2168-2216 |
| 2022-12-06 | |
| Pages | 12 |
| Corresponding Author | Yuan, Yong(yong.yuan@ruc.edu.cn) |
| Abstract | Decentralized 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. |
| Keyword | Blockchain decentralized autonomous organizations (DAOs) GnosisDAO parallel governance parallel intelligence smart contracts |
| DOI | 10.1109/TSMC.2022.3224250 |
| WOS Keyword | BLOCKCHAIN ; SYSTEMS |
| Indexed By | SCI |
| Language | 英语 |
| Funding Project | National 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 Organization | National 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 Area | Automation & Control Systems ; Computer Science |
| WOS Subject | Automation & Control Systems ; Computer Science, Cybernetics |
| WOS ID | WOS:000896597300001 |
| Publisher | IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC |
| Citation statistics | |
| Document Type | 期刊论文 |
| Identifier | http://ir.ia.ac.cn/handle/173211/50807 |
| Collection | 复杂系统管理与控制国家重点实验室_平行智能技术与系统团队 |
| Corresponding Author | Yuan, Yong |
| Affiliation | 1.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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