Legal Aspects of the Decentralized Autonomous Organization

In the present Article I discuss the legal traits of the Decentralized Autonomous Organization.

On the ground of DAO features I view the DAO as a collective investment scheme where members can participate in the process of project selection and contract execution.

As there is not special jurisdiction of DAO, the jurisdiction of a Creator has to be applied. The Creator, Curator, Congress leader or any other person having rights to monitor or control the DAO processes has to be licensed in the country of origin.

Keywords: DAO, ethereum, Decentralized Autonomous Organization, new organization, technology, tech law.