Mathematical Model of Billing for TheOoL DAO


The paper discusses the current state and development prospects of Web3 and decentralized autonomous organizations in comparison with Web 2.0. The problems of interaction between participants of decentralized autonomous organizations within the virtual space and integration of a decentralized autonomous organization with the outside world through network inducement algorithms are raised. The possible implementation of such interactions is considered on the example of TheOoL DAO. The functionality of TheOoL DAO is briefly disclosed, aimed at ensuring the security of participants in a decentralized autonomous organization, the complete suppression of the "digital footprint" they leave. The classes and forms of financial relationships of participants in a decentralized autonomous organization are determined. A mathematical model of billing in the serverless secure Internet TheOoL DAO on smart contracts is presented as an integral part of the TheOoL cloud computing and data storage subsystem. This system provides guaranteed automatic payment for services for the provision of computing power for storing and processing data or performing computing tasks and, at the same time, performs the functions of fully automatic control over the execution of the terms of a smart contract by the owners of these capacities. The presented billing system blocks the transfer of personal information between the customer and the service provider, which ensures the privacy and security of the execution of smart contracts.

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Publication Date

27 February 2023

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European Publisher



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1st Edition




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Nenashev, A. V., & Oleshko, R. S. (2023). Mathematical Model of Billing for TheOoL DAO. In P. Stanimorovic, A. A. Stupina, E. Semenkin, & I. V. Kovalev (Eds.), Hybrid Methods of Modeling and Optimization in Complex Systems, vol 1. European Proceedings of Computers and Technology (pp. 11-18). European Publisher.