DECENTRALIZED AUTONOMOUS ORGANIZATIONS: UNLOCKING THE FULL POTENTIAL OF BLOCKCHAIN TECHNOLOGY FOR THE REAL PHYSICAL WORLD BY EXPLORING SELF-ORGANIZING AND SELF-REGULATING DECENTRALIZAD SYSTEMS BY APPLYING SMART CONTRACTS AND FIRST ATTEMPTS OF APPLYING AI

Abstract

This paper explores the potential of DAOs (Decentralized Autonomous Organizations) built on blockchain technology, which are expected to revolutionize our computing and transaction infrastructuresThis paper will focus on the legal classification of DAOs, with an emphasis on the mechanisms of raising capital through ICOs and NFTs as alternative financing options for easier access to capital. The potential of linking DAOs and AI is also briefly addressed. Corporate law must keep pace with this rapid change, and the question arises whether it is "sufficiently flexible to make room for the new technical possibilities" and to cover completely "new forms of organization" based on software code that may be inadequately reflected in existing regulations. Overall, this paper highlights the potential of DAOs and their impact on the future of business models, organizational structures, and financing options.