BlocksInform
The World Economic Forum (wef) has published a "toolbox" for autonomous digital organisations (daos) on Jan. 17. More than 100 experts contributed to the document attempts to provide “a starting point for DAOs to develop effective operational, governance and legal strategies.”
The 37-page so-called toolkit is explanatory in nature, with concise but encyclopedic entries on DAOs and related topics. He talked about them as “a set of adaptable resources for key stakeholders to help realize the full potential of this emerging form.” According to the document, DOs have "the potential to fill many of the gaps in traditional enterprise while achieving fairer governance and operations".
The World Economic Forum has published a toolkit on DAOs pic.twitter.com/iVn9E7WWHh
— gonbe (@gonbegood) January 17, 2023
The discussion starts with a section entitled "What are DIOs" and then looks at the operations, governance and legal structures of the DAO. That was followed by recommendations for each of those areas, which were also provided in a discussion format and tended to be somewhat generalized, for example:
“Empowering local ‘ambassadors’ or community managers with specialized knowledge of a DAO community can help facilitate onboarding and other key operational processes.”
The discussion did not mince words when it had points to make, however:
“Creating adequate policy and legal frameworks for DAOs is crucial to realizing the benefits and mitigating the risks of this novel organizational form. The creation of such schemes is complicated by the fact that a number of proposals have been put forward, such as the Organization for Economic Co-operation and Development's proposed cryptoasset reporting framework and the U.S. infrastructure legislation, that could create competitive demands for DIOs."
Related: WEF introduces cyber resilience framework, index to increase organizational security
It is not the WEF's first look at DAOs, nor even its first toolbox. The WEF published the “Decentralized Finance: (DeFi) Policy-Maker Toolkit” in June 2021 and a follow-up report in June 2022.
