DECENTRALIZED AUTONOMOUS ORGANIZATIONS
This paper explores the potential of DAOs (Decentralized Autonomous Organizations) built on blockchain technology, which are expected to revolutionize our computing and transaction infrastructures. By combining Blockchain technology or DAGs (directed acyclic graphs)with Artificial Intelligence (AI),...
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| Format: | Article |
| Language: | English |
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International Journal of Law in Changing World
2023-11-01
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| Series: | International Journal of Law in Changing World |
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| Online Access: | https://ijlcw.emnuvens.com.br/revista/article/view/59 |
| _version_ | 1797385625171656704 |
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| author | Jan-Gero Alexander Hannemann |
| author_facet | Jan-Gero Alexander Hannemann |
| author_sort | Jan-Gero Alexander Hannemann |
| collection | DOAJ |
| description | This paper explores the potential of DAOs (Decentralized Autonomous Organizations) built on blockchain technology, which are expected to revolutionize our computing and transaction infrastructures. By combining Blockchain technology or DAGs (directed acyclic graphs)with Artificial Intelligence (AI), self-operating electronic systems could be created, making them the elementary foundations for processing, coordinating, incentivizing, and financing IoT applications and the basis of the next generation of robotics. This paper will focus on the legal classification of DAOs, with an emphasis on the mechanisms of raising capital through ICOs and NFTs as alternative financing options for easier access to capital. The potential of linking DAOs and AI is also briefly addressed. Corporate law must keep pace with this rapid change, and the question arises whether it is "sufficiently flexible to make room for the new technical possibilities" and to cover completely "new forms of organization" based on software code that may be inadequately reflected in existing regulations. Overall, this paper highlights the potential of DAOs and their impact on the future of business models, organizational structures, and financing options.
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| first_indexed | 2024-03-08T21:56:52Z |
| format | Article |
| id | doaj.art-50dbb6b20b054f6ab784d9017238d46f |
| institution | Directory Open Access Journal |
| issn | 2764-6068 |
| language | English |
| last_indexed | 2024-03-08T21:56:52Z |
| publishDate | 2023-11-01 |
| publisher | International Journal of Law in Changing World |
| record_format | Article |
| series | International Journal of Law in Changing World |
| spelling | doaj.art-50dbb6b20b054f6ab784d9017238d46f2023-12-19T17:45:21ZengInternational Journal of Law in Changing WorldInternational Journal of Law in Changing World2764-60682023-11-012310.54934/ijlcw.v2i3.59DECENTRALIZED AUTONOMOUS ORGANIZATIONSJan-Gero Alexander Hannemann0Nicosia University / Sharing for Climate (CEO)This paper explores the potential of DAOs (Decentralized Autonomous Organizations) built on blockchain technology, which are expected to revolutionize our computing and transaction infrastructures. By combining Blockchain technology or DAGs (directed acyclic graphs)with Artificial Intelligence (AI), self-operating electronic systems could be created, making them the elementary foundations for processing, coordinating, incentivizing, and financing IoT applications and the basis of the next generation of robotics. This paper will focus on the legal classification of DAOs, with an emphasis on the mechanisms of raising capital through ICOs and NFTs as alternative financing options for easier access to capital. The potential of linking DAOs and AI is also briefly addressed. Corporate law must keep pace with this rapid change, and the question arises whether it is "sufficiently flexible to make room for the new technical possibilities" and to cover completely "new forms of organization" based on software code that may be inadequately reflected in existing regulations. Overall, this paper highlights the potential of DAOs and their impact on the future of business models, organizational structures, and financing options. https://ijlcw.emnuvens.com.br/revista/article/view/59DAOBlockchainNFTICODAG |
| spellingShingle | Jan-Gero Alexander Hannemann DECENTRALIZED AUTONOMOUS ORGANIZATIONS International Journal of Law in Changing World DAO Blockchain NFT ICO DAG |
| title | DECENTRALIZED AUTONOMOUS ORGANIZATIONS |
| title_full | DECENTRALIZED AUTONOMOUS ORGANIZATIONS |
| title_fullStr | DECENTRALIZED AUTONOMOUS ORGANIZATIONS |
| title_full_unstemmed | DECENTRALIZED AUTONOMOUS ORGANIZATIONS |
| title_short | DECENTRALIZED AUTONOMOUS ORGANIZATIONS |
| title_sort | decentralized autonomous organizations |
| topic | DAO Blockchain NFT ICO DAG |
| url | https://ijlcw.emnuvens.com.br/revista/article/view/59 |
| work_keys_str_mv | AT jangeroalexanderhannemann decentralizedautonomousorganizations |