The Implementation of the Decentralized Autonomous Organizations in the EU Corporate Governance System

Abstract

p class="MsoNormal"Technology has played – and continues to play – a pivotal role in the implementation of the corporate and financial economic world. A particularly significant aspect lies in the rise of autonomous automations within the domain of private law. A striking example of this evolution is represented by the increasing establishment of so-called Decentralized Autonomous Organizations (hereinafter DAOs) – true entities whose nature and systematic placement within the corporate context, if any, will be explored in this paper – directly derived from blockchain, managed, and administered through the use of smart contracts. Looking towards the future, provided that DAOs can formally and effectively be integrated into the EU corporate framework, they seem to represent a challenge to the pre-established system by offering an alternative, operational, and autonomous model.