DAOs: Introducing a New Era of Governance

Decentralised autonomous organisations (DAOs) are a growing phenomenon that has the potential to transform the organisational landscape. This article explores the implications of DAOs in corporate realms, highlighting their unique features and evolution. It emphasises the importance of understandin...

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Main Authors: Zarja Hude, Matej Igrličar, Brian Sanya Mondoh
Format: Article
Language:English
Published: University of Ljubljana, Faculty of Law 2023-12-01
Series:Zbornik Znanstvenih Razprav
Subjects:
Online Access:https://journals.uni-lj.si/LLR/article/view/22851
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author Zarja Hude
Matej Igrličar
Brian Sanya Mondoh
author_facet Zarja Hude
Matej Igrličar
Brian Sanya Mondoh
author_sort Zarja Hude
collection DOAJ
description Decentralised autonomous organisations (DAOs) are a growing phenomenon that has the potential to transform the organisational landscape. This article explores the implications of DAOs in corporate realms, highlighting their unique features and evolution. It emphasises the importance of understanding the similarities and differences between DAOs and traditional organisational structures. Whilst existing legal frameworks have been successful for traditional forms of organisation, they struggle to accommodate the distinctive characteristics of the democratised governance models introduced by DAOs. To fully leverage the enticing opportunities offered by DAOs, it is necessary to provide appropriate legal treatment that also addresses the risks they pose. The conclusion underscores the interest in community-owned protocols and suggests that further research is needed to effectively integrate DAOs into existing legal systems. It also encourages a broader examination of corporate requirements within the context of emerging data-driven technologies. The intersection of technology and company law principles calls for interdisciplinary efforts to shape the regulatory ecosystem for emerging, less formal formats of activity coordination and ensure their long-term viability and impact.
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spelling doaj-art-06a39b9600d1484aa4935ff076ac7b452025-08-20T03:46:54ZengUniversity of Ljubljana, Faculty of LawZbornik Znanstvenih Razprav1854-38392464-00772023-12-0183110.51940/2023.1.195-219DAOs: Introducing a New Era of GovernanceZarja Hude0Matej Igrličar1Brian Sanya Mondoh2University of CambridgeUniversity of Ljubljana, Faculty of LawAttorney-at-Law at the Bar of Trinidad and Tobago Decentralised autonomous organisations (DAOs) are a growing phenomenon that has the potential to transform the organisational landscape. This article explores the implications of DAOs in corporate realms, highlighting their unique features and evolution. It emphasises the importance of understanding the similarities and differences between DAOs and traditional organisational structures. Whilst existing legal frameworks have been successful for traditional forms of organisation, they struggle to accommodate the distinctive characteristics of the democratised governance models introduced by DAOs. To fully leverage the enticing opportunities offered by DAOs, it is necessary to provide appropriate legal treatment that also addresses the risks they pose. The conclusion underscores the interest in community-owned protocols and suggests that further research is needed to effectively integrate DAOs into existing legal systems. It also encourages a broader examination of corporate requirements within the context of emerging data-driven technologies. The intersection of technology and company law principles calls for interdisciplinary efforts to shape the regulatory ecosystem for emerging, less formal formats of activity coordination and ensure their long-term viability and impact. https://journals.uni-lj.si/LLR/article/view/22851decentralised autonomous organisationcorporate lawdecentralised governance
spellingShingle Zarja Hude
Matej Igrličar
Brian Sanya Mondoh
DAOs: Introducing a New Era of Governance
Zbornik Znanstvenih Razprav
decentralised autonomous organisation
corporate law
decentralised governance
title DAOs: Introducing a New Era of Governance
title_full DAOs: Introducing a New Era of Governance
title_fullStr DAOs: Introducing a New Era of Governance
title_full_unstemmed DAOs: Introducing a New Era of Governance
title_short DAOs: Introducing a New Era of Governance
title_sort daos introducing a new era of governance
topic decentralised autonomous organisation
corporate law
decentralised governance
url https://journals.uni-lj.si/LLR/article/view/22851
work_keys_str_mv AT zarjahude daosintroducinganeweraofgovernance
AT matejigrlicar daosintroducinganeweraofgovernance
AT briansanyamondoh daosintroducinganeweraofgovernance