{"id":2601,"date":"2022-07-29T01:23:37","date_gmt":"2022-07-29T01:23:37","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/?p=2601"},"modified":"2022-07-29T01:23:37","modified_gmt":"2022-07-29T01:23:37","slug":"corporate-governance-blockchain","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/corporate-governance-blockchain\/","title":{"rendered":"Corporate Governance + Blockchain"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">What is happening?  Wyoming&#8217;s<a href=\"https:\/\/www.wyoleg.gov\/Legislation\/2021\/SF0038\"> SF0038 (2021 | WY)<\/a> created the legal framework for a new corporate structure known as\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.investopedia.com\/tech\/what-dao\/\" target=\"_blank\">decentralized autonomous organizations<\/a> (DAO).  Vermont and Tennessee are making similar rules.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Why is this important? DAOS are now worth $21 Billion. The company functions like this:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>it is web based<\/li><li>any investor has voting rights based on  the number of shares the investor buys<\/li><li>normal business decisions are taken by automated digital execution<\/li><li>enforced by smart contracts<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">How will this be important? The summarized principle behind DAOs: &#8220;Shareholders vote on everyday executive decisions made by the company, sometimes even bringing certain issues up for vote themselves. It\u2019s a more direct form of corporatized democracy&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.governing.com\/community\/can-we-turn-shareholders-into-public-decision-makers?utm_campaign=Newsletter%20-%20GOV%20-%20Daily&amp;utm_medium=email&amp;_hsmi=220906269&amp;_hsenc=p2ANqtz-_MVYqT-EUdRGyi3AeRibEQjKMuDCL562_xqIEfltc3rvKbMxkEZlrps8yEsPzeMSgRwnk1qRcA9_EBKUFpRzFqEbSUxZADW-ZHxKvCifhvmFXcS0I&amp;utm_content=220906269&amp;utm_source=hs_email\">Governing | Can We Turn Shareholders into Public Decision-Makers?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is happening? Wyoming&#8217;s SF0038 (2021 | WY) created the legal framework for a new corporate structure known as\u00a0decentralized autonomous organizations (DAO). Vermont and Tennessee are making similar rules. Why is this important? DAOS are now worth $21 Billion. The company functions like this: it is web based any investor has voting rights based on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2601","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/comments?post=2601"}],"version-history":[{"count":1,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2601\/revisions"}],"predecessor-version":[{"id":2602,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2601\/revisions\/2602"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=2601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=2601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=2601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}