kaal:position:2026-07-31-6127
DAOs: The Theory of the Firm and Ostromian Perspectives presents the following source proposition: The use of smart contracts does not definitively determine whether DAOs should be classified as contractual, firm-like, or as hybrid arrangements. This proposition is pertinent to Kaal's source-bound claim that Decentralized autonomous organizations epitomize organizational decentralization because the first DAO, built purely on code and smart contracts with no incorporation, physical address, or headquarters, entirely removed all traditional control mechanisms employed by principals in agency relationships. 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-contractsdecentralizationinstitutional-designhistorical-responsescholarly-literatureopenalex