Decentralized autonomous organizations as an innovative form of economic cooperation in the digital society

Relevance of the research topic. Blockchain technology has become a new paradigm for
building decentralized systems that do not require the creation of a central governing body to organize
the cooperation and coordination of participants with different characteristics. The possibilities of
blockchain applications have already begun to go beyond digital finance and are increasingly being used
for the decentralized organization of communities and participants in digital partnerships. Decentralized
autonomous organizations (DAOs) built on blockchain technology represent a new form of collective
management in which communities are organized based on the decentralized infrastructure of the third
generation of the Internet (Web 3.0). In this context, as an innovative form of economic cooperation,
decentralized autonomous organizations have become an object of research interest.
Problem statement. The use of decentralized autonomous organizations as a form of cooperation
is a new and relatively unexplored area in economics. The role of DAOs in the system of economic
relations and their possibilities for digital partnerships remain unexplored. In addition, the use of DAOs
poses a number of opportunities and risks that can be identified through analysis and evaluation.
Objective and tasks of the research. The aim of the research is to determine the possibilities of
using decentralized autonomous organizations as an innovative form of economic cooperation in the digital
society. The tasks of the research include analyzing the mechanisms of DAO functioning, comparing them
with traditional organizational forms, and determining their possibilities for application in different fields.
Methodology of the research. The research methodology consists of analyzing scientific sources
and practical experience in the use of decentralized autonomous organizations. The research was
conducted by analyzing the main principles of DAO operation, their advantages and disadvantages
compared to traditional forms of economic cooperation. A comparative analysis was also conducted
to identify the differences between DAOs and traditional organizations. Finally, the possibilities of using
DAOs in different fields were assessed, taking into account the potential risks associated with their use.

Presentation of the main findings of the study. The results of the research demonstrate
that DAO can be an effective form of organizing economic cooperation in the digital society. They
provide decentralization and autonomy, which allows avoiding many problems of traditional forms of
cooperation, such as management, power, and profit distribution issues. In addition, the application of
blockchain technology enables a high level of security and trust among participants.
Application fields of the results. DAO can be applied in various economic fields, such as finance,
logistics, agriculture, and others. This technology can also find its application in public projects, such
as charity and ecology. The digital nature of such an organization allows integrating any modern
technological advancements, including tools of artificial intelligence and decentralized finance. With
such characteristics, DAO is defined as one of the most interesting organizational innovations of the
21st century.
Conclusions of the article. Based on the analysis results, we propose to consider the DAO
concept as an innovative technology of organizing economic cooperation, capable of responding to
new challenges through fast and remote organization of economic interaction, regardless of the
geographic location of partnership participants, based on trust and modern tools using distributed
ledger technology. This new form of cooperation, based on decentralization and autonomy, offers DAO
technology as a competing form that replaces standard forms of cooperation and Web 2.0 internet
organization. The unique feature of this form of economic cooperation is the absence of intermediaries,
as the terms of interaction are recorded in the program code and executed automatically, significantly
reducing costs and time for interaction realization.