Publication Date

2021

Journal

Stanford Journal of Blockchain Law & Policy

Abstract

The article explores the rise of Decentralized Autonomous Organizations (DAOs), highlighting their potential to transform traditional organizational structures through blockchain technology and smart contracts. DAOs offer operational efficiencies, such as decentralized governance and transparent decision-making, but face significant legal challenges, including lack of recognition, liability concerns, and regulatory uncertainties. The article argues that U.S. business law, with its emphasis on private ordering, could accommodate DAOs, but legal adaptations are necessary to address their unique characteristics and ensure widespread adoption.

Volume

4

Issue

2

First Page

1

Last Page

32

Publisher

Stanford Law School

Disciplines

Business Organizations Law | Jurisprudence | Law | Science and Technology Law | Securities Law

Comments

Blockchain & Procedural Law Symposium Papers, Part 2 of 2

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