What Are Decentralized Autonomous Organizations? | DAO Fundamentals

Decentralized autonomous organizations (DAOs) are innovative governance systems gaining traction in the Web3 space. DAOs can use blockchains, smart contracts, and Chainlink oracles to automate working processes, transactions, governance, and security.

In this Chainlink Research Reports clip, Kelsie Nabben, a Researcher at RMIT University’s Blockchain Innovation Hub, discusses the history and fundamentals of DAOs.

Check out the Smart Contract Research Forum (SCRF) for more about the role of DAOs in Web3: https://www.smartcontractresearch.org/.

Kelsie also answered questions on this and other topics in a recent Smart Contract Research Forum AMA.

Chainlink Research Reports presents research that informs the smart contract and blockchain oracle industry presented by expert researchers building Chainlink, smart contract, and blockchain systems throughout the fields of computer science, economics, and many adjacent fields.

Learn more about the Smart Contract Research Forum:
Website: https://www.smartcontractresearch.org/
Twitter: https://twitter.com/SCRForum

Research Topics:
Auditing and Security: https://www.smartcontractresearch.org/c/auditing-and-security/5
Oracles and Data: https://www.smartcontractresearch.org/c/oracles-and-data/6
Consensus: https://www.smartcontractresearch.org/c/consensus/7
Scaling: https://www.smartcontractresearch.org/c/scaling/8
Mechanism Design and Game Theory: https://www.smartcontractresearch.org/c/mechanism-design-and-game-theory/10
Governance and Coordination: https://www.smartcontractresearch.org/c/governance-and-coordination/11
Cryptography: https://www.smartcontractresearch.org/c/cryptography/12
Tooling and Languages: https://www.smartcontractresearch.org/c/tooling-and-languages/14
Privacy: https://www.smartcontractresearch.org/c/privacy/21

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

Learn more about Chainlink:

Website: https://chain.link
Docs: https://docs.chain.link
Twitter: https://twitter.com/chainlink

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