FWB
The authors are:
2023
Cooperatives (co-ops) and Decentralized Autonomous Organizations (DAOs) share common principles but operate in different contexts. Co-ops have a long history of promoting member ownership, democratic governance, and community benefit, while DAOs leverage blockchain technology to enable decentralized decision-making and transparency. Both models can learn from each other to enhance their effectiveness. For instance, co-ops can adopt the technological innovations of DAOs to improve operational efficiency and member engagement, while DAOs can learn from the governance structures and member-centric approaches of co-ops to create more inclusive and sustainable organizations. By understanding the strengths and weaknesses of each model, co-ops and DAOs can collaborate to develop hybrid solutions that combine the best of both worlds, fostering community and democratizing organizational structures in the ever-evolving landscape of cooperative economics and blockchain technology.