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The promise and perils of corporate governance-by-design in blockchain-based collectives : the case of dOrg
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Julian MANLEY, Anthony WEBSTER and Olga KUZNETSOVA (eds), Co-operation and co-operatives in 21st-century Europe, Bristol : Bristol University Press, 2023, pp. 78-99
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MANNAN, Morshed, The promise and perils of corporate governance-by-design in blockchain-based collectives : the case of dOrg, in Julian MANLEY, Anthony WEBSTER and Olga KUZNETSOVA (eds), Co-operation and co-operatives in 21st-century Europe, Bristol : Bristol University Press, 2023, pp. 78-99 - https://hdl.handle.net/1814/76414
Abstract
This chapter analyses the emergence of new collectivist organizations in response to the growth of the digital platform economy, with a particular focus on a blockchain-based software developers’ collective, dOrg. This chapter shows what alternative business structures, including cooperatives, collectives and decentralized autonomous organizations (DAOs), can offer to the discourse on creating a more sustainable and stable future of work, while also highlighting how organizations such as dOrg innovate long-standing cooperative governance structures. First, the chapter constructs a case study of this transnational collective, describing how its governance structure innovates upon and departs from Rothschild and Whitt’s two ideal types of organization – the bureaucratic organization and the collectivist-democratic organization. Second, the chapter demonstrates how dOrg addresses agency problems by way of corporate governance-by-design. The last section explains how this concept varies from traditional corporate governance and evaluates the extent to which measures introduced to achieve corporate governance-by-design, such as reputation-weighted voting, address the governance challenges faced by collectivist organizations.
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Published online: 27 October 2023