WEF publishes new in-depth guide to DAOs to air issues, encourage development

Share This Post

The World Economic Forum (WEF) released a “toolkit” for digital autonomous organizations (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. It described them as “a set of adaptable resources for key stakeholders to help realize the full potential of this emerging form.” DAOs have “the potential to address many of the shortcomings of the traditional firm while also realizing more equitable governance and operations,” according to the document. The World Economic Forum has published a toolkit on DAOs pic.twitter.com/iVn9E7WWHh— gonbe (@gonbegood) January 17, 2023

The discussion begins with a section titled “What are DAOs” and goes on to cover DAO operations, governance and legal structures. 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 regimes is complicated by the existence of several proposals, such as the Crypto-Asset Reporting Framework proposed by the Organisation for Economic Co-operation and Development and the US Infrastructure Bill, which could create competing requirements for DAOs.” Related: WEF introduces cyber resilience framework, index to increase organizational securityThis is not the first look WEF has taken at DAOs, or even its first toolkit. The WEF published the “Decentralized Finance: (DeFi) Policy-Maker Toolkit” in June 2021 and a follow-up report in June 2022.

WEF publishes new in-depth guide to DAOs to air issues, encourage development is written by Cointelegraph By Derek Andersen for cointelegraph.com

Related Posts

What Investors Need to Know About Starknet

Starknet is a decentralized, permissionless layer-2 scalability solution for...

What Potential Investors Need to Know About Beam

Beam is a privacy-focused cryptocurrency that utilizes the Mimblewimble...

Solana slumps to 45-day low — Will SOL price bounce at $130?

Despite a brief rally to $151 on June 16,...

Aavegotchi Rarity Farming Season 8 Offers 150,000 GHST Prize Pool

The upcoming Aavegotchi Rarity Farming Season 8 has been...

On the Margin Newsletter: SEC crypto enforcement leader departs

Today, enjoy the On the Margin newsletter on Blockworks.co....

Is Flow a Worthy Investment? A Comprehensive Guide for Potential Investors

Flow is a blockchain platform specifically designed for the...
Ethereum (ETH) $ 3,554.26
Bitcoin (BTC) $ 65,068.43
Tether (USDT) $ 1.00
XRP (XRP) $ 0.494389
BUSD (BUSD) $ 0.978967
Cardano (ADA) $ 0.386175
Dogecoin (DOGE) $ 0.12303
Litecoin (LTC) $ 74.07
Solana (SOL) $ 137.30