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Role of Blockchain Technology in IoT Applications by Peng Zhang, Ganesh Chandra Deka, Shiho Kim

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Chapter Four

Blockchain technology for decentralized autonomous organizations

Madhusudan Singha,b; Shiho Kimb    a School of Technology Studies, Endicott College of International Studies, Woosong University, Daejeon, South Koreab Yonsei Institute of Convergence Technology, Yonsei University, Seoul, South Korea

Abstract

With continuously changing operational and business needs of the organizations, Decentralized Autonomous Organizations (DAO) is the current need of the organizations. Centralized Autonomous Organization (CAO) lack transparency and are managed by few efficient managers whereas Decentralized autonomous Organization's (DAO) is novel scalable, self-organizing coordination on the blockchain, controlled by smart contracts and its essential ...

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