Wednesday, February 21, 2018

The DAO – Decentralized Autonomous Organization Explained

Looking for some late night techy reading material? Allen & Overy published paper about the DAO and it’s effects discusses the concept of the DAO and it’s implications on existing corporate structures.

The paper discusses the DAO made possible by Ethereum smart contracts.

Decentralized Autonomous Organizations I – July 2016

A Decentralized Autonomous Organization (DAO) is a computer program, running on a peer-to-peer network, incorporating governance and decision-making rules. DAOs can be programmed to operate autonomously, without human involvement, or the code can provide for direct, real-time control of the DAO and funds controlled by it. 1 The earliest DAOs are software controlled community organization experiments which seek to re-implement certain aspects of traditional corporate governance, replacing voluntary compliance with a corporation’s charter with actual compliance with pre-agreed computer code.

© Allen & Overy LLP 2016 – published under creative commons via Collection opensource Wiki & Internet archive

Please see the following pdf:

Article Decentralized Autonomous Organizations

Be sure to also check out out media channel for the Ethereum foundation for more information related to smart contracts and their implementation.