Wulf Kaal is again heading to Davos for the World Economic Forum on May 22-26. Itinerary: Zug, Switzerland all day on May 20th. Then it’s off to Davos, staying in nearby Klosters from May 21st to May 25th. Wulf will be speaking at several events listed below. Wulf’s WEF schedule is constantly changing and new […]Read more "World Economic Forum 2022 – Speaking Engagements"
Thank you Robert Tercek for a wonderful interview. Here is Robert’s take: “Decentralized Autonomous Organizations (DAOs) are a fascinating aspect of crypto innovation. To me, the DAO concept is one of the most creative new business ideas of the decade. A DAO is a non-hierarchical alternative to a corporation: no CEO, no C-Suite, no investors […]Read more "DAO Governance & Future of the Firm – Interview with Robert Tercek"
Abstract DAO myths are a natural by-product of technological evolution. The paper debunks the top five DAO myths and explores the top five DAO benefits and use cases. Keywords: Decentralized Autonomous Organization, Digital Assets, Valuation, Blockchain, Myth, Uses, Distributed Ledger Technology, Emerging Technology JEL Classification: K20, K23, K32, L43, L5, O31 Suggested Citation: Kaal, Wulf A., DAO […]Read more "DAO FALLACIES"
Abstract Fair Token Launches (Fair Launch) on average outperform most traditional digital asset projects. The comparative advantage of Fair Launches derives largely from their ability to remedy many of the perceived inequitable token launch practices of traditional digital asset projects. This article helps clarify the nomenclature by examining the commonalities of projects that use the […]Read more "FAIR TOKEN LAUNCH"
The paper examines the existing shortcomings in the open-source code review process and how decentralized autonomous organizations can help optimize the code review process and quality. Optimized code reviews and code review processes, in turn, can help create open-source software standards. The author evaluates the issuance of decentralized code reviews that are verified through a […]Read more "How DAOs Optimize Open-Source Code Reviews and Create Open-Source Standards"
Venture capital (VC) models can be optimized with emerging decentralized technology. After discussing the shortcomings of the existing VC market and the rise of alternative early-round funding mechanisms, the paper highlights the evolution of VC businesses that are operated by a Decentralized Autonomous Organization (DAO).
Keywords: Venture Capital, Decentralized Autonomous Organization, Reputation, Decentralized Governance, Capital, Venture Funding, Finance, Token Models, Cryptocurrencies, Feedback Effects, Emerging Technology, Tokens, Blockchain, Distributed Ledger Technology
JEL Classification: K20, K23, K32, L43, L5, O31, O3
Suggested Citation: Kaal, Wulf A., REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Venture Capital Market (November 13, 2021). Available at SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3962614Read more "REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Venture Capital Market"
Abstract Decentralized Autonomous Organizations (DAOs) have the potential to upgrade finance. This paper evaluates the design of and system requirements for a decentralized cryptocurrency venture capital investment club that is operating as a DAO (DAOIC). The design of the proposed DAOIC enables investors to substitute capital commitments by way of reputation token staking on proposed […]Read more "REPUTATION AS CAPITAL – How DAOs Upgrade Finance"
Excited to announce that the preorder of my book on “Decentralization” with Craig Calcaterra is now available: https://www.degruyter.com/view/title/569051Read more "Book on “Decentralization” Preorder Available Now"
Abstract The evolution of blockchain technology as a foundational and transformational technology helps solve critical societal problems. Blockchain technology enables sustainability-focused blockchain initiatives to achieve their social and public welfare objectives. Using a dataset of sustainability-focused blockchain initiatives, blockchain startups, and established businesses, the article evaluates the core transformational features of blockchain technology and its […]Read more "Blockchain Technology for Good"
Abstract Most of the applications and uses of digital assets are improved and expanded with well-functioning and well-governed DAOs. The article evaluates the technical and internal governance solutions promulgated by DAO projects. Particular emphasis is placed on the duality of feedback effects between internal DAO governance and external DAO legal designs. Keywords: Decentralized Autonomous Organization, Governance, […]Read more "DECENTRALIZED AUTONOMOUS ORGANIZATIONS – INTERNAL GOVERNANCE AND EXTERNAL LEGAL DESIGN"