As part of our series of Blockchain Briefings, this event was a talk about the legal aspects of decentralised autonomous organisations (DAOs). We would thank our guests for the active attendance and enriching discussions.
A key component of blockchain technology is its decentralised structure. The recording, storage and verification of data is executed within a network of computers and not through centralised institutions. Within this network, computer code (smart contracts) can be self-executed and self-enforced under predefined conditions. Many smart contracts combined create a DAO, which is very similar to an entity in the traditional sense. DAOs therefore fundamentally challenge the law and in general the view on the characteristics of entities as we know them today.
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