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#104 - Wachtell Lipton's David Adlerstein and Kevin Schwartz on Decentralization, Smart Contracts, Tornado Cash & NFTs

Law of Code

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The Emergence of DAOs and Governance

Walktail Upton: I think one that we're really interested in are the area of DAOs and their governance. This is a new breed of business organization that's defined by the rejection of centralized traditional governance structures at the heart of our modern corporations. So you have these decentralized blockchain based organizations doing just a growing substantial volume of business activity. And many of them are encountering governance challenges, he says. Walktail Upton: It's an emerging space that's still taking shape. The issues will undoubtedly continue to reveal themselves.

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