kaal:claim:3373393-029

The first DAO had no physical address, no jurisdiction able to claim control over it, no directors, managers, or employees, so all the core control mechanisms typically employed by principals in agency relationships were entirely removed.

Indeed, it had no directors, managers or employees. In essence, all the core control mechanisms typically employed by principals in agency relationships were entirely removed in the DAO.

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), III.2 Removal of Agents, p. 18
https://ssrn.com/abstract=3373393 · source PDF

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393

• the first DAO, launched May 2016 on Ethereum

empiricalsupport: evidenceddaolaw-and-legal-systems

• restated_by kaal:claim:3411897-009 The first DAO removed, in essence, all of the core control mechanisms that principals typically employ in agen...
• restated_by kaal:claim:3808852-015 Decentralized autonomous organizations epitomize organizational decentralization because the first DAO, built ...
• extends kaal:claim:3227933-030 The DAO showed that a corporate-type organization can operate with no physical address, no directors, no manag...

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