Issues and solutions, Part 3 -Breaking
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DAO regulation in Australia: Issues & Solutions, Part 3Australia’s lawmakers want decentralized autonomous organisations (DAOs) to be regulated. Oleksii Konashevych, a three-parter series author discusses possible solutions and the dangers of stifling DAOs’s growth.
The majority of people don’t believe crypto anarchy will be the way forward. In essence, company regulations have a lot positive aspects. However, today, regulations and rules for corporations are well-written to the point that they can be included in machine code. Therefore, it is the job of the government to set mandatory standards that DAOs can operate on the Australian market.
Oleksii KonashevychHas a Ph.D. from the University of Queensland in Law, Science and Technology and is now the CEO at the Australian Institute for Digital Transformation. He presented an idea for a new type of property registry that is based on blockchain technology in his academic research. The idea of title tokens was presented by him and supported with technical protocols that allow for digital authorities and smart laws to provide full-featured legal oversight of digitally owned property rights. In addition, he has developed a crosschain protocol to allow multiple ledgers to create a blockchain estate registry. This was presented in 2021 by the Australian Senate.
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