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ARTICLE · 09 DECEMBER 2021

Market Intelligence Thought Leadership Award Winner

Legal Issues Confronting Formation And Operation Of A Decentralized Autonomous Organization (DAO)

Braumiller Group (Dallas)
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A decentralized autonomous organization, is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.

United StatesTechnology
James Holbein
James Holbein
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Introduction to DAOs 

"A decentralized autonomous organization (DAO), is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government."2 DAOs are an emerging new type of organization particularly prevalent in the Ethereum blockchain ecosystem. Combining ideas about organizational forms, coordination, network effects, blockchain, and smart contract technology, DAOs allow a group to organize around a mission or goal and coordinate through smart contracts, enforced immutably and autonomously on the blockchain. DAOs represent an evolution in how people coordinate with one another, as the organization itself is autonomous from a 3rd party intermediary's influence and goals.

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