# kaal:claim:3373393-029

**Claim.** 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.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- the first DAO, launched May 2016 on Ethereum

**Source quote.**

> 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.

**From.** Wulf A. Kaal, *Blockchain Solutions for Agency Problems in Corporate Governance* (2019), III.2 Removal of Agents, page 18

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

**Verify.** sha256 of source PDF `4d1424b9ba9aff8a61bc7a0dddd02cded93785e5843685dde76c07dcdb23961e` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Blockchain%20Solutions%20for%20Agency%20Problems%20in%20Corporate%20Governance.pdf

**Topics.** dao, law-and-legal-systems

**Keywords.** dao, ethereum, control-mechanisms, corporate-form, jurisdiction

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3411897-009
- restated_by: https://wulfkaal.github.io/claims/3808852-015
- extends: https://wulfkaal.github.io/claims/3227933-030

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