Implement decentralized governance mechanisms, such as Decentralized Autonomous Organization (DAO) voting, to enable the community to collectively assess and reverse dishonest transactions following thorough audits. This approach empowers stakeholders to participate in decision-making processes, ensuring that corrective actions are taken transparently and in alignment with the community’s consensus. For instance, the study “Understanding Decentralized Autonomous Organizations from the Inside” provides an in-depth examination of DAOs, focusing on their internal structures and governance processes. The authors analyze how DAOs function as online communities that leverage blockchain technology for transparent and virtual collaboration.
https://link.springer.com/article/10.1007/s12525-023-00659-y