kaal:position:2026-07-31-5827
Decentralised Autonomous Organisations and the Corporate Form presents the following source proposition: DAOs ostensibly eliminate agency costs due to the absence of a board of directors, automated governance mechanisms and transparency provided by the blockchain upon which the DAO is launched. This proposition is pertinent to Kaal's source-bound claim that 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. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
daosmart-contractsblockchaingovernance-designcorporate-governancehistorical-responsescholarly-literatureopenalex