Decentralized Autonomous Organizations?Governance, Technology, and Legal Perspectives: Proceedings of the 2nd European DAO Workshop (DAWO), Zurich, . Proceedings in Business and Economics)

This open access book explores the transformative world of DAOs, where decentralized governance meets blockchain technology. Based on a competitive peer-reviewed selection of papers presented at the second European DAO Workshop at ZHAW Zurich University of Applied Sciences in Zurich, Switzerland in 2025, this book provides an in-depth analysis of the current state of DAO research.
In this context, it addresses key aspects of DAOs, from governance mechanisms and stakeholder dynamics to the development of essential tools and frameworks. Beyond examining how DAOs can redefine organizational structures, enhance transparency, and promote democratic decision-making, it also addresses important challenges such as centralization risks, legal uncertainties, and integration into existing economic and regulatory frameworks.
This book is valuable for researchers and practitioners interested in understanding and promoting the potential of DAOs in creating a fairer and more innovative digital economy.

Michael Lustenberger is a senior researcher and lecturer at ZHAW Zurich University of Applied Sciences (Switzerland) and an expert in blockchain technology and DAOs. Holding a DBA from Middlesex University London (UK), his research focuses on the organizational design and governance of decentralized business applications and decentralized decision-making in virtual communities.
Florian Spychiger is a senior researcher and lecturer at the ZHAW Zurich University of Applied Sciences (Switzerland). He specializes in decentralized autonomous organizations (DAOs) and blockchain governance. With a PhD in Management & Economics from the University of Zurich (Switzerland), his work focuses on organizational design and incentivization within blockchain-based systems.
Lukas Küng is a research associate at ZHAW Zurich University of Applied Sciences (Switzerland) and Ph.D. candidate in Business Administration at the University of Nicosia (Cyprus). His research focuses on DAOs, exploring their impact on business values in the context of Web3.