kaal:claim:2939127-031

Because a series of smart contracts granted DAO token holders voting rights, the blockchain based smart contracts performed the function of articles of association or corporate bylaws, in an organization that had no directors, managers, or employees.

Because a series of smart contracts granted DAO token holders voting rights, the blockchain-based smart contracts imitated the role of articles of association or bylaws.

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017), III.4. Limitations, p. 32
https://ssrn.com/abstract=2939127 · source PDF

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Legal Education in the Blockchain Revolution (2017). SSRN: https://ssrn.com/abstract=2939127

• decentralized autonomous organizations structured like the DAO

mechanismsupport: argueddaogovernance-designcorporate-governancesmart-contractsdecentralization

• extends kaal:claim:2922176-036 In a decentralized autonomous organization a series of smart contracts grants token holders voting rights, so ...
• restated_by kaal:claim:3227933-032 In a DAO, blockchain-based smart contracts granting token holders voting rights perform the function that arti...
• extended_by kaal:claim:3799320-020 Because a series of smart contracts grants DAO token holders voting rights, those smart contracts take the pla...
• restated_by kaal:claim:3227967-023 A decentralized autonomous organization is merely computer code with no directors, managers or employees, its ...
• restated_by kaal:claim:3227933-030 The DAO showed that a corporate-type organization can operate with no physical address, no directors, no manag...

The quote above is an exact substring of the source PDF, whose sha256 is abcef529c7200261c59eec43018375b3b26e3186239fb9d002bacc298dba26ff. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/c5bd87fbab41f08c...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2939127-031.md | sha256sum