“Few people have contributed as much to our knowledge of the sustainable management of the commons as Elinor Ostrom. Winning the 2009 Nobel Prize in Economics for her work, Ostrom’s 8 principles for commons stewardship have set a standard for community management of shared resources. These principles, collected over a lifetime of research into effective commons worldwide, are the best research we have into human collaboration outside of the corporation and the nation state. Although applying these rules at scale can be challenging, recent research suggests that blockchain technology may have a role to play in overcoming key obstacles, further enabling communities to manage themselves.¹ Elevating trust from the interpersonal to the protocol level opens up space for experimentation with new forms of collective action to achieve common goals…”

Read More: https://medium.com/commonsstack/automating-ostrom-for-effective-dao-management-cfe7a7aea138