2:15 pm - 2:35 pm

Insurance and a new form of legal organisation for blockchain

Max will discuss recent proposals in Malta for a new form of legal organisation specifically designed for the operation of DLT and smart contracts. He will share his experiences in analysing how the granting of legal personality to a DAO could help manage liability by providing a a clear point of recourse where damages or losses are caused to users of the technology. The DAO concept raises interesting questions of liability (including in the event of bugs in the smart contract code, for example) not just of the DAO or platform but also in respect of other market participants such as its developers and contributors, potential administrators and auditors. There are evident coverage gaps created by the particular risks posed by DAOs and similar arrangements, and the presentation will also aim to provoke discussion on how decentralised and autonomous insurance products could provide solutions to fill these gaps.