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Creation of Smart-Contracting Collaborations for Decentralized Autonomous Organizations

  • Alex Norta
Conference paper
Part of the Lecture Notes in Business Information Processing book series (LNBIP, volume 229)

Abstract

Electronic communities of decentralized autonomous organizations (DAO) that engage in agile business-network collaborations, are enabled by recent blockchain-technology related innovations using smart contracting. DAOs utilize service-oriented cloud computing in a loosely-coupled collaboration lifecycle that commences with the setup phase. The latter supports the selection of services provided and used by DAOs in combination with smart contract negotiations. Such setup phases for DAO-communities use blueprints of business-network models that DAOs populate with tentative service offers. The negotiation phase may result either in a consensual agreement, a counteroffer, or a disagreement. In the latter case, the smart contract negotiation collapses and the lifecycle returns to the beginning of the selected collaboration blueprints. To the best of our knowledge, such a smart-contracting setup lifecycle has not been formalized so far. The paper fills the gap and evaluates the model with means of model-checking methods.

Keywords

Decentralized autonomous organization Smart contract Open cloud ecosystem Governance-as-a-Service 

Notes

Acknowledgments

This work was funded by the Estonian IT Akadeemia and also partly the research project SF0140013s10 “Model-based Creation and Management of Evolutionary Information Systems" by the Estonian Ministry of Education and Research.

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Copyright information

© Springer International Publishing Switzerland 2015

Authors and Affiliations

  1. 1.Department of InformaticsTallinn University of TechnologyTallinnEstonia

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