The World Economic Forum (WEF) has unveiled a novel toolkit for decentralised autonomous organisations. The document has received contributions from over 100 experts and aims to “develop effective operational, governance and legal strategies.”
The paper outlines a theoretical approach to DAOs and aims to unite professionals to tackle further adoption of Web3 technologies.
It read: “Our goal is to provide tools to increase understanding, demystify DAO operations, enhance DAO governance and frame the legal and regulatory questions.”
Speaking further, the initiative stated local ‘ambassadors’ and DAO community specialists could “facilitate onboarding and other key operational processes.”
It also said that sufficient policy and legal DAO frameworks were “crucial” to benefitting users and mitigating risks. Other risks included proposals from the Organisation for Economic Cooperation and Development (OECD) and the US Infrastructure Bill.
Such regulatory frameworks could “create competing requirements for DAOs,” it added.
It concluded:
“Like the rest of web3, DAOs are a novel and emergent phenomenon. In less than a decade, they have gone from theory to practice, mushrooming across sectors. While proponents project the continued and rapid expansion of DAOs, critics view them as ephemeral. Only time will reveal the results of the DAO experiment, demonstrating if, when and how DAOs will ultimately have their greatest impact.”
The news comes as the WEF continues to explore DAOs, namely after publishing several reports on the Web3-based organisational structure. The Davos-based event is currently taking place from 16 to 20 January and has gathered numerous world leaders, analysts, and experts.
