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Anyone know how to legally assign a corporation over to an autonomous system?
by nxzero 10y ago
Anyone know how to legally assign a corporation over to an autonomous system?
- drcode 10y agoI don't think so, this is totally uncharted legal territory- Nobody will know until the first legal precedents are established (IANAL)
- dragonwriter 10y ago> Anyone know how to legally assign a corporation over to an autonomous system? Step 1: Lobby for laws which allow legally assigning a corporations over to an autonomous system (or, more simply, laws which allow granting legal personhood to an autonomous system.) Under current laws, I don't think there is any place in the world where this can be done. The creation of a corporation is an act of government (often, but not always, done at the request of a non-government person through a publicly-available application process, but some are directly created by the government on its own initiative.)
- Canada 10y agoThe company Articles could require its directors to obey the direction of the autonomous system. And if it doesn't the autonomous system could direct the creation of another corporation with a mandate to sue the non compliant one.
- btown 10y agoIt's a legal interop layer! Now we just need to create a code-generation utility that takes the conceptual source code for the contract and generates legal code that can adequately enforce it... oh, wait...
- lsseckman 10y agorealistic & efficient, good thought
- Canada 10y agoThe DAO isn't constrained to simply giving money to some individual and hoping for the best. Its owners could decide to approve proposals that structure deals in ways that mitigate risk, such as providing funds in tranches and using custodians who are contracted to return unspent money in certain conditions.