Bachelor Thesis, Master Thesis, Project Study or IDP
📌 Key facts
- 💡 Background
- 🦾Who We Are
- 🎯 Goals
- 🧠 Topics of Interest
- 🎓 Profile
- 📚 Further Reading
- 📄 Requirements to any Work
- 📬 How to Apply
DAOs - the end of management structures as we know them? DAOs are very new: Launched in 2016, "The DAO" was the first decentralized autonomous organization (DAO) intended to act as an investor-directed venture capital firm. Lauded as a revolutionary project, The DAO raised $150 million USD worth of ether (ETH) and was one of the earliest crowdfunding efforts and high-profile projects built on the Ethereum blockchain - which at the time was only one year old (find more information here).
Decentralized autonomous organizations (DAOs) which include decentralize autonomous corporations (DACs) are the first step towards truly democratized decentralized networks of companies without a sole beneficiary that provides the network. The core concept of DAOs is that a virtual entity that has a certain set of members or shareholders that have the right to spend the entities funds and modify its code. This allows members to collectively decide the future of the organization and its assets using smart contracts.
DAOs are defined as non-hierarchical organizations that perform and record routine tasks on a peer-to-peer, cryptographically secure, public network, and rely on the voluntary contributions of their internal stakeholders to operate, manage, and evolve the organization through a democratic consultation process.
- A DAO is a blockchain-based system that enables people to coordinate and govern themselves mediated by a set of self-executing rules deployed on a public blockchain, and whose governance is decentralised (i.e., independent from central control).
- DAOs enable people to coordinate and self-govern themselves online. Although no mention is made as to the minimum size of the group, the term “organization” is generally understood to refer to an entity comprising multiple people acting towards a common goal, rather than a legally registered organization.
- A DAO source code is deployed in a blockchain with smart contract capabilities like Ethereum—arguably always a public blockchain.
- A DAO’s smart contract code specifies the rules for interaction among people -although it is unclear to which extent there may be other governance mechanisms that can affect or overrule such code.
- Since these rules are defined using smart contracts, they are self-executed independently of the will of the parties.
- The DAO governance should remain independent from central control: e.g. some definitions specifically refer to self-governed, self-organizing, peer-to-peer and democratic control.
- Since they rely on a blockchain, DAOs inherit some of its properties, such as transparency, cryptographic security, and decentralization
OpenSea offers a checkmark called “verified collection” (Example) where they state that this collection is genuine, not scam and not a copy. Many providers rely on this verification. However, this verification is very centralized and completly in the hand of a few employees of OpenSea. In a web3 business, no one alone should have the power to decide what is genuine, scam or a copy or worth a verification tick. We want to create a DAO that creates this verification decentralized.
🦾Who We Are
The Chair for Strategy and Organization is focused on research with impact. This means we do not want to repeat old ideas and base our research solely on the research people did 10 years ago. Instead, we currently research topics that will shape the future. Topics such as Agile Organizations and Digital Disruption, Blockchain Technology, Creativity and Innovation, Digital Transformation and Business Model Innovation, Diversity, Education: Education Technology and Performance Management, HRTech, Leadership, and Teams. We are always early in noticing trends, technologies, strategies, and organizations that shape the future, which has its ups and downs.
- Do extensive desk and internet research analyzing verification systems (OpenSea, Twitter, ...)
- Create an MVP App that allows for users to decide to verify the collection or not
- Propose tokenomics for this DAO
- Develop the game theory behind the verification process
- Develop die API for the verification and checking process
- Develop a marketing concept to make this DAO fly
🧠 Topics of Interest
- Disruptive business model innovations
- Game Theory
- Reliable and self-driven
- Enthusiasm for DAOs / Blockchain / Entrepreneurship
- Ability to do sophisticated internet, desk research, and connect with practitioners
- Passionate to learn more about the future and do research with impact
📚 Further Reading
WRIGHT, Aaron. The Rise of Decentralized Autonomous Organizations: Opportunities and Challenges. Stan. J. Blockchain L. & Pol'y, 2020, 4. Jg., S. 1.
HASSAN, Samer; DE FILIPPI, Primavera. Decentralized Autonomous Organization. Internet Policy Review, 2021, 10. Jg., Nr. 2, S. 1-10. (https://www.econstor.eu/bitstream/10419/235960/1/1764253469.pdf)
📄 Requirements to any Work
We do not want your research to gather dust in some corner of bookshelf but make it accessible to the world. Thus, we warmly encourage you to create some or all of the following:
- Infograph - visually represent some of your work (find examples here)
- Slide Deck - summarize your research and possibly present it
- Extract most important sequences from podcasts, videos, and other media
- 3-4 Tweets about the most important findings and summarizing the topic
- optional: Medium Article - let people outside the university know about your research and start your personal brand
📬 How to Apply
If you are interested, please contact Christian Ziegler (e-mail below) by submitting your CV and grade report. Please also briefly outline your tentative research idea (research question, data and methods, possible outcomes with a tentative outline all in word as *.docx)
We're greatly looking forward to hearing more about you!