kaal:claim:4529715-017

DAOs without effective governance structures and policies risk violating local laws and regulations, exposing themselves to legal and regulatory consequences.

Furthermore, DAOs that do not have effective governance structures and policies may be at risk of violating local laws and regulations, which can lead to legal and regulatory consequences.

Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023), Current state of DAOs, p. 17
https://ssrn.com/abstract=4529715 · source PDF

Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715

failuresupport: arguedfailure: regulatory-exposure-from-weak-governancefamily: governance-participation-collapsedaogovernance-designlaw-and-legal-systemsrisk-and-incentives

• extended_by kaal:claim:5254152-005 Poorly governed DAOs face significant risks of centralization, lack of transparency, and inefficiency, so effe...

The quote above is an exact substring of the source PDF, whose sha256 is 2d71961e8c449afbeaf45ca4f53de8a575d45c77d6960b767d3d1d0874f296b5. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/d70f3e9318b3b4f3...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/4529715-017.md | sha256sum

• Extension: The DAO between the nation-state and the network state
• Qualification: "Shadow-Centralization" and Governance Effectiveness in Decentralized Autonomous Organizations: From Token Holding to Voting Power
• Qualification: Transformative blockchain technological approaches to sports events