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Decentralized Autonomous Organizations: A Systematic Literature Review and Research Agenda

Author

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  • Severin Bonnet

    (Department of Accounting and Information Systems, Osnabrück University, Katharinenstraße 3, 49074, Germany)

  • Frank Teuteberg

    (Department of Accounting and Information Systems, Osnabrück University, Katharinenstraße 3, 49074, Germany)

Abstract

The coordination and organization of economic activity has always been one of the greatest challenges of humanity. For a long time, centralized models have been the dominant approach, but the emergence of technologies such as the internet, open-source software, peer-to-peer and ubiquitous computing, smart contracts and blockchain is leading to a shift toward decentralization. This trend is now culminating with a new phase of innovation called Decentralized Autonomous Organization (“DAO†). DAOs offer the potential to empower communities, promote decentralization and reliable coordination, and increase transparency and meritocracy in corporate governance using the institutional technology that is blockchain. In this paper, we present a systematic literature review of 195 academic publications on the DAO phenomenon using the PRISMA methodology. We aim to answer the following research questions: What are the characteristics of DAOs? What topics related to DAOs were researched by whom? Why do DAOs show great potential? When do DAOs face limitations? Where can solutions be found for the identified limitation? We also propose a research agenda and suggest future research directions.

Suggested Citation

  • Severin Bonnet & Frank Teuteberg, 2024. "Decentralized Autonomous Organizations: A Systematic Literature Review and Research Agenda," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 21(04), pages 1-63, June.
    • Handle: RePEc:wsi:ijitmx:v:21:y:2024:i:04:n:s0219877024500263
    DOI: 10.1142/S0219877024500263
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    Cited by:

    1. Zhang, Ying & Tavalaei, M. Mahdi & Parry, Glenn & Zhou, Peng, 2024. "Evolution or involution? A systematic literature review of organisations' blockchain adoption factors," Technological Forecasting and Social Change, Elsevier, vol. 208(C).

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