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Not-so-smart blockchain contracts and artificial responsibility

Reference Type: 

Journal Article

Kolber, Adam J. 2018. “Not-so-smart blockchain contracts and artificial responsibility.” Stanford Technology Law Review 21: 37.

The first high-profile decentralized autonomous organization formed in 2016. Called “TheDAO,” it used smart contracts on a bitcoin-style blockchain to allow strangers to come together online to vote on and invest in venture capital proposals. Newspapers raved about the $160 million it quickly raised, even though it purported to have no central human authority, including no managers, executives, or board of directors.

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