The King of DAOs - A Bitcoin Justice Department
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This story was originally published on HackerNoon at: https://hackernoon.com/the-king-of-daos-a-bitcoin-justice-department.
The next Big DAO will be a Crypto Justice Department. Āut Labs is a DAO incubator and accelerator with the tools to give the next Big DAO a chance.
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Smart contracts on the blockchain upend the current legal system by allowing individuals to make contracts with code and not papers. When smart contracts allow a group of more than two individuals to effectively manage their blockchain financial affairs, they form an autonomous system for managing them. What is called a Decentralized Autonomous Organisation (DAO)
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