Decentralized Autonomous Organizations – Internal Governance and External Legal Design
Annals of Corporate Governance (2021)
71 Pages Posted: 17 Jul 2020 Last revised: 31 Aug 2020
Date Written: July 15, 2020
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: Suggested Citation