j 2023

Proof of Humanity DAO: No crypto-utopia… yet

JIRÁSEK, Michal

Basic information

Original name

Proof of Humanity DAO: No crypto-utopia… yet

Authors

Edition

2023

Other information

Language

English

Type of outcome

Article in a journal (not reviewed)

Field of Study

50204 Business and management

Confidentiality degree

is not subject to a state or trade secret

Organization unit

Faculty of Economics and Administration

DOI

Keywords in English

DAO, decentralized autonomous organization, Proof of Personhood, Sybil resistance, case study
Changed: 21/12/2023 15:56, doc. Ing. Michal Jirásek, Ph.D.

Abstract

In the original language

Proof of Humanity is a protocol designed to combat Sybil attacks in blockchain networks. Like other Proof of Personhood implementations, it allows users to prove their uniqueness on the blockchain, enabling new applications such as democratic governance in Decentralized Autonomous Organizations (DAOs) where each user has one vote. The Proof of Humanity DAO, the governance body of the protocol, serves as an example of this democratic approach. However, the protocol has faced challenges such as exploitation, internal conflicts, and the declining value of its Universal Basic Income token experiment, hindering its development and growth. These challenges offer valuable lessons for other Proof of Personhood implementations and DAOs wanting to adopt more democratic governance principles.