Have a question? Want to advertise? Something else? Contact us: [email protected]

From the Front Page


Categories: Epicenter Bitcoin

EB125 - Florian Glatz: Defining A Legal Framework For Decentralized Autonomous Organizations (DAO)

Published on April 5th, 2016 by epicenterbitcoin


Click to download audio version

The relatively new concept of a Decentralized Autonomous Organization (DAO), is often praised as a new type of organizational structure that has no identifiable owner or owners, and whose actions are automated and determined solely by a pre-defined set of rules. Views on DAOs differ widely. On one hand, members of the Bitcoin/blockchain space often portrayal them as AI-like swarm organisms, free from the shackles of nation-states, and that can act at will regardless of laws or regulation. On the other hand, legal experts caution that, like corporations, DAOs and their creators could be held liable in civil lawsuits, and that they may be served a hard dose of reality when they end up in court.

We are joined by Florian Glatz, attorney, researcher and software developer (not to mention the proud owner of the awesome domain name blockchain.lawyer). We discuss some of the basic legal concepts surrounding contracts and in what ways smart contracts may or may not fit within our existing legal framework. We also dive deep into DAOs, and address some of the challenges they may pose in the near and distant future.

Topics covered include:

  • The history of innovation in law
  • How merchant law (Lex Mercatoria) emerged in the 13th century
  • How we can define smart contracts
  • The legality of smart contacts
  • The need for natural language contracts vs. contracts which are written in code
  • Decentralized Autonomous Organizations
  • The Slock.it DAO
  • What would happen if one tried to sue a DAO

Links mentioned in this episode:

Show notes

YouTube

SoundCloud

Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.

Views: 19,184


Comments

Make sure to make use of the "downvote" button for any spammy posts, and the "upvote" feature for interesting conversation. Be excellent.

comments powered by Disqus