Abstract
Blockchain’s usage is increasing, and the number of possible implications that have been explored and created is mind-boggling. This paper would look at some other potential blockchain implementations in the legal sector, especially in the sense of social regulation. The blockchain-based social controller, which is neither created nor supported by sovereign foundations, has the potential to transform the planet or its components into something known as a Decentralized Autonomous Organization (DAO). These assumptions are most likely too broad. The presented research focuses on a key and practical overview of regulations in a blockchain DAO that could be framed in the future and has the potential to affect current legal essentials. The study applies comparative method, using international public law and Lex Mercatoria as primary juxtaposition.
References
- Dennis Kunschke & Stefan Henkelmann, Blockchain & Cryptocurrency Regulation 2019 Germany, Global Legal Insights, https://www.globallegalinsights.com/practice-areas/blockchain-laws-and-regulations/germany (last visited May 16, 2019).
- Mordecai Lerer, The Taxation of Cryptocurrency: Virtual Transactions Bring Real-Life Tax Implications, CPA J. (Jan. 24, 2019), https://www.cpajournal.com/2019/01/24/the-taxation-of-cryptocurrency.
- Birgit Clark & Baker McKenzie, Blockchain and IP Law: A Match made in Crypto Heaven?, WORLD INTELL. PROP. ORG. MAG., February 2018, at 30. Kate Boeding, et al., 3 Potential Benefits of Blockchain For Government, Booz| Allen| Hamilton, https://www.boozallen.com/s/insight/blog/3-potential-benefits-of-government-blockchain.html (last visited May 29, 2019).
- Nicholas Say, Singapore Emerges as Premier Blockchain Development Destination, Blockonomi (Nov. 1, 2018), https://blockonomi.com/singapore-blockchain-destination.
- Anne Veerpalu, Tartu Node, 1 STAN. J. BLOCKCHAIN L. & POL'Y 124 (2018).
- Vladimir Troitskiy, Trends in International Tax Planning: New Qualifications and Tax Jurisdiction Shopping, in CHALLENGES OF THE KNOWLEDGE SOCIETY 831 (Gabriel Boroi, et al. eds., 2019).
- Andreas Sandre, Blockchain for government, Hackernoon (June 4, 2018), https://hackernoon.com/blockchain-for-government-41e3b097356d.
- Kirk Semple & Nathaniel Popper, Venezuela Launches Virtual Currency, Hoping to Resuscitate Economy, N. Y. Times (Feb. 20, 2018), https://www.nytimes.com/2018/02/20/world/americas/venezuela-petro-currency.html.
- Yaya Fanusie, Blockchain Authoritarianism: The Regime in Iran Goes Crypto, Forbes (Aug 15, 2018), https://www.forbes.com/sites/yayafanusie/2018/08/15/blockchain-authoritarianism-the-regime-in-iran-goes-crypto.
- Li Jie, China’s Ambitious Blockchain Plans Could Cast US Dollar out of the Game, The Epoch Times (Mar. 22, 2019), https://www.theepochtimes.com/chinas-ambitious-blockchain-plans-could-cast-us-dollar-out-of-the-game_2849020.html.
Abstract
Blockchain’s usage is increasing, and the number of possible implications that have been explored and created is mind-boggling. This paper would look at some other potential blockchain implementations in the legal sector, especially in the sense of social regulation. The blockchain-based social controller, which is neither created nor supported by sovereign foundations, has the potential to transform the planet or its components into something known as a Decentralized Autonomous Organization (DAO). These assumptions are most likely too broad. The presented research focuses on a key and practical overview of regulations in a blockchain DAO that could be framed in the future and has the potential to affect current legal essentials. The study applies comparative method, using international public law and Lex Mercatoria as primary juxtaposition.
References
- Dennis Kunschke & Stefan Henkelmann, Blockchain & Cryptocurrency Regulation 2019 Germany, Global Legal Insights, https://www.globallegalinsights.com/practice-areas/blockchain-laws-and-regulations/germany (last visited May 16, 2019).
- Mordecai Lerer, The Taxation of Cryptocurrency: Virtual Transactions Bring Real-Life Tax Implications, CPA J. (Jan. 24, 2019), https://www.cpajournal.com/2019/01/24/the-taxation-of-cryptocurrency.
- Birgit Clark & Baker McKenzie, Blockchain and IP Law: A Match made in Crypto Heaven?, WORLD INTELL. PROP. ORG. MAG., February 2018, at 30. Kate Boeding, et al., 3 Potential Benefits of Blockchain For Government, Booz| Allen| Hamilton, https://www.boozallen.com/s/insight/blog/3-potential-benefits-of-government-blockchain.html (last visited May 29, 2019).
- Nicholas Say, Singapore Emerges as Premier Blockchain Development Destination, Blockonomi (Nov. 1, 2018), https://blockonomi.com/singapore-blockchain-destination.
- Anne Veerpalu, Tartu Node, 1 STAN. J. BLOCKCHAIN L. & POL'Y 124 (2018).
- Vladimir Troitskiy, Trends in International Tax Planning: New Qualifications and Tax Jurisdiction Shopping, in CHALLENGES OF THE KNOWLEDGE SOCIETY 831 (Gabriel Boroi, et al. eds., 2019).
- Andreas Sandre, Blockchain for government, Hackernoon (June 4, 2018), https://hackernoon.com/blockchain-for-government-41e3b097356d.
- Kirk Semple & Nathaniel Popper, Venezuela Launches Virtual Currency, Hoping to Resuscitate Economy, N. Y. Times (Feb. 20, 2018), https://www.nytimes.com/2018/02/20/world/americas/venezuela-petro-currency.html.
- Yaya Fanusie, Blockchain Authoritarianism: The Regime in Iran Goes Crypto, Forbes (Aug 15, 2018), https://www.forbes.com/sites/yayafanusie/2018/08/15/blockchain-authoritarianism-the-regime-in-iran-goes-crypto.
- Li Jie, China’s Ambitious Blockchain Plans Could Cast US Dollar out of the Game, The Epoch Times (Mar. 22, 2019), https://www.theepochtimes.com/chinas-ambitious-blockchain-plans-could-cast-us-dollar-out-of-the-game_2849020.html.
Details
| Primary Language | English |
|---|---|
| Subjects | Law in Context |
| Journal Section | Araştırma Makaleleri (Research Articles) |
| Authors | |
| Publication Date | June 30, 2021 |
| Published in Issue | Year 2021 Volume: 4 Issue: 1 |
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