O’Melveny Worldwide

Thomson Reuters Practical Law: Decentralized Autonomous Organizations (DAOs): Overview

November 29, 2022

O’Melveny partners William K. Pao, Scott Sugino, Wenting Yu, and Luc Mortiz, counsel Bill Martin, Billy Abbott, and Laura Smith, and associates Emma Persson and Damilola G. Arowolaju co-authored this Practical Law guide as an overview on decentralized autonomous organizations, or DAOs. “A decentralized autonomous organization (DAO) is a software-enabled organization built and governed by smart contracts on a blockchain network,” the authors wrote. “A smart contract is a set of rules written in computer code on a blockchain network that enables a network of computers to communicate and execute preprogrammed transactions once certain conditions are met.” This article was initially published by Thomson Reuters.

Read the full article here.