kaal:claim:3227933-033

A DAO inhibits rent-seeking and delivers transparency because its governance protocols are open source, so weaknesses are constantly tested and revised in the open rather than hidden inside a managerial hierarchy.

Source quote, verbatim

Such an organization inhibits "rent-seeking" and offers transparency. And they are secure. For instance, the governance protocols used in a DAO are open source and weaknesses are constantly tested and revised.

From

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018), 7. Decentralized Autonomous Organizations, p. 16
https://ssrn.com/abstract=3227933 · source PDF

Cite as

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933

Holds when

open source governance protocols

Classification

mechanismsupport: argueddisclosuredaoopen-source-and-code

Related claims

generalizes kaal:claim:4957318-035 The WDAG system suppresses rent seeking by internalizing advocacy: there are no external costs or lobbying pre...
extended_by kaal:claim:4015908-017 Open-source code combined with protocol fee flowback to users, as with the Uniswap V2 0.3% swap fee that is au...

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