kaal:claim:3227933-030

The DAO showed that a corporate-type organization can operate with no physical address, no directors, no managers and no employees, with its governance structure built entirely from software, code and smart contracts running on Ethereum.

Indeed, the DAO didn't have any directors, managers or employees. The governance structure was built with software, code and smart contracts that ran on the public decentralized blockchain platform, Ethereum.

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018), 7. Decentralized Autonomous Organizations, p. 15
https://ssrn.com/abstract=3227933 · source PDF

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933

• the DAO, 2016

empiricalsupport: evidenceddaosmart-contracts

• extended_by kaal:claim:3227967-023 A decentralized autonomous organization is merely computer code with no directors, managers or employees, its ...
• extended_by kaal:claim:3373393-029 The first DAO had no physical address, no jurisdiction able to claim control over it, no directors, managers, ...
• extended_by kaal:claim:3406323-007 Decentralized Autonomous Organizations challenge the core belief that governance necessitates agency, because ...
• restates kaal:claim:2939127-031 Because a series of smart contracts granted DAO token holders voting rights, the blockchain based smart contra...

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