kaal:claim:3799320-020

Because a series of smart contracts grants DAO token holders voting rights, those smart contracts take the place of articles of association or bylaws and of the entire precedent system that a jurisdiction based legal structure would otherwise supply by default.

Because a series of smart contracts grants DAO token holders voting rights, the blockchain-based smart contracts imitates the role of articles of association or bylaws and the entirety of a precedent system that would otherwise be provided by default in a jurisdiction-based legal structure.

Wulf A. Kaal, A Decentralized Autonomous Organization (DAO) of DAOs (2021), Governance & Legal Design Experimentation, p. 14
https://ssrn.com/abstract=3799320 · source PDF

Wulf A. Kaal, A Decentralized Autonomous Organization (DAO) of DAOs (2021). SSRN: https://ssrn.com/abstract=3799320

• DAOs running on public decentralized blockchain platforms

definitionalsupport: arguedsmart-contractslaw-and-legal-systemsdao

• extends kaal:claim:2922176-036 In a decentralized autonomous organization a series of smart contracts grants token holders voting rights, so ...
• extends kaal:claim:3227933-032 In a DAO, blockchain-based smart contracts granting token holders voting rights perform the function that arti...
• extends 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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