DAO vs LAW
By Othman Darwish Decentralize Autonomous Organization (DAO) is computer program that called smart contract , which acts as rule set for those organization ,the program code "smart contract" is hosted and run inside blockchain , when transacting a smart contract , a mutable records logged inside blockchain . One of most challenges for DAO's is its legal status , the form and the structure of the DAO that will be built on it ,it is general partnership , unincorporated associations, or corporation , and if it corporation what the type and the structure of that corporation that limit its members or participants liabilities . DAO promoted as self-organization entity, in a way that the human involvements is limited or not needed at all, is that really true? does DAO going to operate only in virtual world? if not, what about physical world interaction? How are the legal relationships going to be formalized by contracts and enforced by ...