- Research Article
1
- 10.18254/s278229070024057-8
Blockchain technology and corporate law
- Jan 01, 2022
- Law & Digital Technologies
- Larisa Sannikova
The article analyses legislative initiatives aimed at regulating the use of blockchain in corporate governance. The tokenisation equity opens up new opportunities for companies to attract investment. As a result, many traditional companies are interested in converting traditional securities into security tokens. Countries aspiring to lead the blockchain industry are seeking to establish a legal framework for security tokens and a blockchain-based registration system for them. The use of blockchain brings with it not only the digital transformation of companies, but also the emergence of a new type of organization - decentralized autonomous organization (DAO). Existing legal forms are not appropriate for the DAO, which requires the creation of a new type of legal entity. Changes to corporate law that address these trends will eliminate legal risk and drive digital transformation of companies
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