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The DAO Case—Block Chain Technology Based Knowledge Intensive Business Models

In: Knowledge Management in Digital Change

Author

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  • Patrick Hofer

    (Media Interface GmbH)

Abstract

The DAO, the world’s first “distributed autonomous organization” was founded on May 15, 2016. In just a few weeks, the investment fund managed to bring in USD 119.5 million from more than 50,000 investors. The DAO was not only the biggest crowdfunding campaign of all times, it was also ground zero for the biggest cybercrime in IT history. Just a month after its launch, hackers succeeded in siphoning USD 50 million out of the fund.

Suggested Citation

  • Patrick Hofer, 2018. "The DAO Case—Block Chain Technology Based Knowledge Intensive Business Models," Progress in IS, in: Klaus North & Ronald Maier & Oliver Haas (ed.), Knowledge Management in Digital Change, pages 359-366, Springer.
    • Handle: RePEc:spr:prochp:978-3-319-73546-7_22
    DOI: 10.1007/978-3-319-73546-7_22
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