Natural and legal persons can form communities on the blockchain that pursue common goals and activities.
These communities can create so-called Decentralized Autonomous Organizations (DAOs). A DAO consists of its members and a set of smart contracts as its blockchain software foundation. DAOs can also consist exclusively of software bots.
The original group of DAO founders issues governance tokens, which are purchased by future DAO members. DAO members are then token holders. The governance tokens guarantee members’ decision-making rights.
In the final instance, a DAO can operate as a partially or fully automated company on a blockchain.
In some jurisdictions, it is possible to register a DAO as a limited liability company.
The IADT is available when it comes to
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- designing a DAO as an operational company that operates on-chain and off-chain
- organize a DAO for you on a blockchain
- selecting the right jurisdiction
- officially founding and registering a DAO with limited liability.