Session
Dynamic Coalition on Blockchain Technologies
Round Table - U-shape - 60 Min
The DAO Model Law is a multistakeholder effort led by COALA (Coalition of Legal Automated Applications) to provide legal certainty for DAOs and their participants, and unlike other regulatory frameworks, accommodate flexibility for their unique features and further innovation. Since DAOs are inherently transnational in nature, the drafters and contributors to the DAO Model Law (“Model Law”) believe that it would be desirable to adopt a uniform, model set of rules that could be implemented internationally to provide legal certainty for DAOs and their members and participants. The Model Law is therefore designed as a best practice guide for DAOs and States are encouraged to adopt or transpose its provisions into their domestic law (https://coala.global/wp-content/uploads/2021/06/DAO-Model-Law.pdf) The Model Law Task Force hopes to engage a broad audience of people and diverse stakeholders in order to raise awareness on the topics addressed, foster discussions and collaborate on the model’s continuous evolution. With this first iteration, the goal was to convene legal scholars in blockchain to bridge the gap between a variety of existing and potential activities of DAOs and the various regulatory frameworks currently or yet to be implemented in different jurisdictions. But this is only the beginning of a much longer journey: the DAO Model Law will depend on ongoing exchanges between lawyers, technologists and eventually policy makers to thoughtfully address the fast-moving landscape of blockchain-based systems and achieve broad and participatory adoption.
This session will be hosted by the Dynamic Coalition on Blockchain Technologies in hybrid format, with expert speakers participating from different locations remotely and an onsite based host (Carol Roach). It is anticipted that the session will engage both a live and virtual audience
Dr. Primavera De Filippi Dr. Morshed Mannan Silke Elrifai Constance Choi Michael Henning
Dr. Primavera De Filippi Dr. Morshed Mannan Silke Elrifai Constance Choi Michael Henning
Carol Roach
Vashti Maharaj
Vashti Maharaj
9. Industry, Innovation and Infrastructure
Targets: This workshop is aligned to SDG 9 "Building Resilient Infrastructure, prompte inclusive and sustainable industrialization and foster innovation." In particular this activity is aligned to Target 9.1: Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all, as well Target: 9.b Supporting domestic technology development, research and innovation in developing countries, including by ensuring a conducive policy environment for, inter alia, industrial diversification and value addition to commodities.
Report
DAOs face significant legal uncertainty that can be detrimental to their development and utilization. The DAO Model Law seeks to provide legal certainty for DAOs and their participants, and unlike other extant and proposed regulatory frameworks, accommodates flexibility for unregistered DAOs, their unique features and enables further innovation. During the session it was identified that the issues of taxation and insolvency and regulatory sandb
During the session it was identified that the issues of taxation and insolvency and regulatory sandboxing are of growing interest in countries that are interested in providing legal recognition to DAOs and how this can be assimilated within the wider permissionless blockchain ecosystem.