Artificial Intelligence versus Human Nature: Protecting Ourselves from the Perils of DAO-based …

If you believe the Fintech Intelligentsia, there is a revolution coming to the financial services industry.  This revolution will not be led by PayPal, or Alibaba, or SoFi – or any of the other darlings of the emerging fintech sector.  The vanguard of this revolution will instead be a rather benign sounding innovation known as a ‘decentralized autonomous organization’ (DAO).  In a nutshell, a DAO is a collection of individuals whose relationships with one another are governed by rules-based computer protocols known as ‘smart contracts’.  These smart contracts use modus ponens (if/then) logic to create what are in theory self-executing, self-enforcing state-contingent contracts.  Thus, for example, a group of individuals could write a smart contract stipulating that if this blog post is viewed by more than one hundred people, then…


Link to Full Article: Artificial Intelligence versus Human Nature: Protecting Ourselves from the Perils of DAO-based …