Annals of Corporate Governance > Vol 5 > Issue 4

Decentralized Autonomous Organizations: Internal Governance and External Legal Design

By Wulf A. Kaal, Professor of Law, University of St. Thomas School of Law, Minneapolis, USA, wulfkaal@stthomas.edu

 
Suggested Citation
Wulf A. Kaal (2021), "Decentralized Autonomous Organizations: Internal Governance and External Legal Design", Annals of Corporate Governance: Vol. 5: No. 4, pp 237-307. http://dx.doi.org/10.1561/109.00000028

Publication Date: 21 Apr 2021
© 2021 Wulf A. Kaal
 
Subjects
Corporate governance
 
Keywords
Decentralized autonomous organization, governance, legal design, digital assets, decentralized finance, blockchain, start-up, decentralized commerce, emerging technology, token models, incentive design, tokens, distributed ledger technology, decentralized infrastructure, reputation staking
 

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In this article:
1. Introduction
2. Decentralized Autonomous Organizations
3. DAO Limitations
4. Governance and Legal Design Experimentation
5. Conclusion
Acknowledgments

Abstract

Most of the applications and uses of digital assets are improved and expanded with well-functioning and well-governed DAOs. The monograph evaluates the technical and internal governance solutions promulgated by DAO projects. Particular emphasis is placed on the duality of feedback effects between internal DOA governance and external DAO legal designs.

DOI:10.1561/109.00000028

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ISBN: 978-1-68083-798-8
80 pp. $65.00
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Table of contents:
1. Introduction
2. Decentralized Autonomous Organizations
3. DAO Limitations
4. Governance and Legal Design Experimentation
5. Conclusion
Acknowledgments

Decentralized Autonomous Organizations: Internal Governance and External Legal Design

Decentralized Autonomous Organizations – Internal Governance and External Legal Design examines the existing attempts to establish decentralized autonomous organization (DAO) concepts and legal frameworks. The author evaluates the technical solutions and internal governance solutions promulgated by DAO projects. Particular emphasis is placed on the duality and feedback effects between internal DAO governance and external legal design. The monograph concludes with an examination of legal DAO frameworks and their existing limitations and potential for future development.

 
ACG-028