# kaal:claim:3227967-023

**Claim.** A decentralized autonomous organization is merely computer code with no directors, managers or employees, its governance structure built with software, code and smart contracts running on a public decentralized blockchain platform.

**Type.** definitional  **Support.** asserted

**Holds when.**

- DAOs built on public platforms, in most cases Ethereum

**Source quote.**

> DAOs are "merely" computer code. They don't have any directors, managers or employees. The governance structure is built with and on software, code and smart contracts that ran on a public decentralized blockchain platform (in most cases Ethereum).

**From.** Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, *Legal Education in a Digital Age Why 'Coding for Lawyers' Matters* (2018), VII. Smart Contracts, page 25

**Cite as.** Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Legal Education in a Digital Age Why 'Coding for Lawyers' Matters (2018). SSRN: https://ssrn.com/abstract=3227967

**Verify.** sha256 of source PDF `f6e13b956f864ab32ec3305d095a35a127770327d75b3688f785cefc437d369f` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Fenwick%20et%20al.%20-%202018%20-%20Legal%20Education%20in%20a%20Digital%20Age%20Why%20%27Coding%20for%20Lawyers%27%20Matters.pdf

**Topics.** dao, smart-contracts, blockchain, governance-design, corporate-governance

**Keywords.** daos, smart-contracts, blockchain, corporate-governance

**Related claims.**

- extends: https://wulfkaal.github.io/claims/3227933-030
- restates: https://wulfkaal.github.io/claims/2939127-031
- restates: https://wulfkaal.github.io/claims/2922176-036
- extended_by: https://wulfkaal.github.io/claims/3406323-007

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.