Co-authored by Steve Tendon, Director at
ChainStrategies
ABSTRACT:
This article expresses strong support for the idea proposed by
the Government of Malta in a recently issued DLT Consultation Paper
(referred to, in the article, as the "consultation
document") of permitting the grant of legal personality in the
form of a newly designed type of legal entity incorporating a
blockchain and/or smart contract/DAO/DAC arrangements. It examines
why conferring legal personality to new kinds of technology
artifacts is a worthy endeavour; specifically those kinds of
Technology Arrangements that exhibit autonomous behaviour, and yet
interact with humans. The need for this arises not only for the
emergence of autonomous entities in the physical world, but even
more so for autonomous software artifacts which come in the form or
are built on top of public blockchain technologies. Such autonomous
entities may even survive the life of their designers, with
self-sufficiency, thus
