1, 2 Ivan DIMITROV and 1, 2 Wolfgang PRINZ
1 Fraunhofer Institute for Applied Information Technology FIT, Schloss Birlinghoven 53757 Sankt Augustin, Germany
2 RWTH Aachen University, Templergraben 55, 52062 Aachen, Germany
Tel: +49 2241 14 3720
E-mail: ivan.dimitrov@fit.fraunhofer.de
Received: 20 November 2023 /Accepted: 20 December 2023 /Published: 28 February 2024
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Abstract: This paper presents a comprehensive study on optimizing blockchain wallets to enhance the scalability
of Decentralized Autonomous Organizations (DAOs). DAOs, as self-governing entities operating on blockchain
technology, face significant challenges in scaling due to the limitations of current wallet architectures. This
research first examines the existing blockchain wallet infrastructures, highlighting their inefficiencies and
bottlenecks when applied to DAOs. We then propose an innovative wallet improvement specifically tailored for
DAOs, focusing on modularity, security, and efficiency. These enhancements are designed to streamline
transactions, and increase the throughput of DAO-related activities. The research further investigates the broader
impact on the blockchain ecosystem, proposing that these advancements could lead to the development of more
efficient and scalable decentralized platforms. The paper concludes with future research directions, emphasizing
the need for ongoing innovation in blockchain wallet technology to support the evolving landscape of DAOs and
decentralized governance.
Keywords: Decentralized autonomous organizations, Blockchain wallets, Smart accounts, Blockchain accounts,
Blockchain government.
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