Law and Regulation for Decentralised Autonomous Organisations (DAOs)

This paper explores the functions and types of decentralised autonomous organisations (DAOs) within the context of organisational governance. DAOs have emerged as a revolutionary concept, and this study aims to conceptualise them by examining relevant theories. While acknowledging that the concept of DAOs is still evolving, we examine the potential legal forms available for DAOs and assess their applicability and limitations. Moreover, we highlight the inherent mismatches between these legal forms and the decentralised and autonomous nature of DAOs. By examining the legal implications of DAOs, this paper contributes to a better understanding of their governance structure and the challenges they present in the current legal framework.