Soon, there may be too many DAOs for classification to make much sense. After all, if you asked someone “what types of LLCs exist?” they’d probably find it tricky to answer the question.

This Essay explores the nature of DAOs and highlights several areas where states and regulators can adapt existing legal regimes to potentially accommodate DAOs. Part II provides an overview of DAOs and their perceived benefits and includes a taxonomy of DAOs to help understand the different variations currently emerging in the blockchain ecosystem... See more

The idea of a decentralized organization takes the same concept of an organization, and decentralizes it. Instead of a hierarchical structure managed by a set of humans interacting in person and controlling property via the legal system, a decentralized organization involves a set of humans interacting with each other according to a protocol specif... See more