Web 3 and the Future of Work: From Gig Economy to DAOs

Abstract

The landscape of work is undergoing significant changes, and the advent of Web 3 technologies is poised to accelerate this transformation. The gig economy, which emphasizes short-term contracts and freelance work, has been subject to criticism for its lack of job security, limited worker protections, and heightened competition. However, the emergence of Web 3 technologies and decentralized autonomous organizations (DAOs) offers a potential solution to these problems, by providing greater worker autonomy, transparency, and democratic decision-making. DAOs can help to give workers greater control over their working environment, as well as offering them greater job security. These technologies can also create new opportunities for workers to work remotely and receive payment more quickly than traditional methods. This chapter aims to examine the potential opportunities and obstacles presented by Web 3 and DAOs for the future of work.