dOrg, a blockchain development cooperative has created the first Limited Liability Decentralized Organization in order to legalize DAO. It is a legal way to reference blockchain code as the legitimate source of authority for their company’s operations and governance.
The rules and regulations are on the ETH blockchain. DAO a.k.a dOrg LLC can now actively take part in contractual agreements and give liability protection. The company dOrg is a cooperative of blockchain devs that builds DAO-related software. They claim that with this new legal framework users can create a legally registered DAO easily.
dOrg is a blockchain development firm specializing in Decentralized Autonomous Organizations (DAOs). Matan Field, CEO of DAOstack Technologies considers this as a bold experiment to bridge the blockchain world with legacy systems.