DAOs and the Law: Decentralization in the New Legal Order

Abstract

Artificial intelligence and emerging technologies like blockchain have disrupted key areas of law. In this context, Decentralized Autonomous Organizations position themselves as protagonists of an unprecedented organizational model. Based on smart contracts and collectively governed, DAOs dispense with a central authority, raising fundamental questions about their interaction with existing law. This paper addresses the legal complexities posed by DAOs, analyzing how they fit into traditional regulatory frameworks and whether specific legislation is needed to regulate their existence and operation.