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Decentralized Autonomous Community: Concept, Model, and Innovation
- 1 School of Public Affairs, Zhejiang University, Hangzhou, China
- 2 School of Management, Zhejiang University, Hangzhou China; Institute Sanqu Technology (Hangzhou) Co., Ltd., Hangzhou, China
- 3 School of Economics, Zhejiang University, Hangzhou, China;Institute Sanqu Technology (Hangzhou) Co., Ltd., Hangzhou, China;
* Author to whom correspondence should be addressed.
Abstract
The current economic organizational forms are increasingly inadequate for humanity's long-term development. Blockchain technology, much like the advent of steam engines and power systems, is transforming national governance and market operations. A substantial body of literature has explored Decentralized Autonomous Organizations (DAOs) built on blockchain technology. This paper builds upon existing literature to introduce the concept of a Decentralized Autonomous Community (DAC), delineate its legal framework, and propose a technical model based on the Consortium Blockchain. DACs not only address internal and external decision-making and governance within community systems but also ensure appropriate national supervision. By leveraging the innovative potential of blockchain, DACs promise a more efficient and equitable economic structure that aligns with contemporary societal needs.
Keywords
decentralized autonomous community (DAC), decentralized autonomous organization (DAO), blockchain, system
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Cite this article
Lu,W.;Qian,W.;Chen,J. (2024). Decentralized Autonomous Community: Concept, Model, and Innovation. Advances in Economics, Management and Political Sciences,139,165-177.
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