The prospect of Digital Autonomous Organisations (DAOs) holding unambiguous embedded rules and executing smart contracts to transfer value under certain specified conditions is an intellectually attractive one. It seems to offer a neutral solution to the messy human interactions that (other than lawyers) we all abhor. But who do you sue if things go wrong and there is no incorporated body? Can conditions really be unambiguously defined? How do you incorporate flexibility into contracts when the off-chain world changes significantly? And can you ensure absence of exploits and implementation-environment differences in code execution? The non-corporate world is hungry for institutional innovation to create vehicles for scalable co-operative and P2P ventures, but are we being naive in hoping that 'the blockchain will provide'?
Blockchain & Sustainable Communities
Friday October 28th 2016, Cloughjordan Ecovillage, Co Tipperary, Ireland
Session #1: Institutional Design & Smart Contracts
Prof Joshua Fairfield, Washington & Lee University School of Law
https://www.eventbrite.com/e/blockchain-sustainable-communities-potential-pitfalls-tickets-27075165549
Three complimentary registrations available for Steemit contributors. Just resteem, upvote, comment if you would like to (especially with questions for the presenter) and then follow and tweet to @GrahamJBarnes . If more than three applicants, we will draw lots. If Ireland in October is impractical for you, say so and we will send a link to the SoundCloud presentations. :)