Abstract

Most of the applications and uses of digital assets are improved and expanded with well-functioning and well-governed DAOs. The article evaluates the technical and internal governance solutions promulgated by DAO projects. Particular emphasis is placed on the duality of feedback effects between internal DAO governance and external DAO legal designs.

Keywords: Decentralized Autonomous Organization, Governance, Legal Design, Digital Assets, Decentralized Finance, Blockchain, Start-up, Decentralized Commerce, Emerging Technology, Token Models, Incentive Design, Tokens, Distributed Ledger Technology, Decentralized Infrastructure, Reputation Staking

JEL Classification: K20, K23, K32, L43, L5, O31, O32

Suggested Citation:Kaal, Wulf A., DECENTRALIZED AUTONOMOUS ORGANIZATIONS – INTERNAL GOVERNANCE AND EXTERNAL LEGAL DESIGN (July 15, 2020). Available at SSRN: : https://ssrn.com/abstract=

Published by Wulf Kaal - Professor, Book Author, Consultant

Professor Wulf A. Kaal is a professor of law and a leading authority on emerging decentralized technology. He authored over 100 articles and several books.

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