Summary

Blockchain technology will change the production relationship and productivity of human society. On the one hand, the principle of blockchain technology solves the problem of trust and consensus, making it possible for unfamiliar nodes on the blockchain to smoothly carry out economic activities, thereby reducing credit costs and transaction costs, and helping to improve production efficiency and productivity. On the other hand, the urgent task in the application of blockchain Token is to design an incentive mechanism for it. The value carried by Token has the function of benefit distribution, which belongs to the category of production relations. This article reviews and summarizes the characteristics of blockchain Token and the decentralized autonomous organization (DAO) economic ecology, and explains them theoretically. Through application examples, the typical application scenarios of Token economic activities are shown, and the development status and path of this economic ecology are further discussed. DAO is a major form of the digital economy in the future. This article lists some issues and concerns that still need to be resolved and gives suggestions.

Key words

Blockchain; Token; Decentralized autonomous organization (DAO); Smart Contract