top of page
Not-so-smart blockchain contracts and artificial responsibility
Kolber, Adam J. 2018. “Not-so-smart blockchain contracts and artificial responsibility.” Stanford Technology Law Review 21: 37. https://law.stanford.edu/wp-content/uploads/2018/09/Kolber_LL_20180910.pdf.
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.
Search for the Publication In:
bottom of page