Decentralized Autonomous Organizations – Internal Governance and External Legal Design

71 Pages Posted: 17 Jul 2020 Last revised: 31 Aug 2020

See all articles by Wulf A. Kaal

Wulf A. Kaal

University of St. Thomas, Minnesota - School of Law

Date Written: July 15, 2020

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). Annals of Corporate Governance (2021), U of St. Thomas (Minnesota) Legal Studies Research Paper No. 20-14, Available at SSRN: https://ssrn.com/abstract=3652481 or http://dx.doi.org/10.2139/ssrn.3652481

Wulf A. Kaal (Contact Author)

University of St. Thomas, Minnesota - School of Law ( email )

MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
341
Abstract Views
1,392
rank
109,192
PlumX Metrics