Business / Commercial Law

Autonomous Organizations

By Shawn Bayern
Cambridge University Press October 2021

Specifications

ISBN-13
9781108813853
Publisher
Cambridge University Press
Publication
October 2021
Format
Paperback
Jurisdiction
U.K. ? Countri(es) for reference only

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Details

Under current business law, it is already possible to give legal personhood, or a very close surrogate of it, to software systems of any kind (from a simple automated escrow agent to a more hypothetical, truly smart artificial intelligence). This means that, for example, robots could enter into contracts, serve as legal agents, or own property. Ultimately, entire companies could actually be run by non-human agents. This study argues that this is not as scary as it might sound at first. Legal theorist and noted software developer Shawn Bayern argues that autonomous or zero-person organizations offer an opportunity for useful new types of interactions between software and the law. This creative contribution to the theory and practice of law and technology explores the social and political aspects of these new organizational structures and their implications for legal theory.

Table of Contents

1. Why Autonomous Organizations?
2. The Legal Role of Algorithms
3. In the Company of Robots: The Creation of Autonomous Organizations
4. The Legal Viability of Autonomous Organizations
5. The Advantages of Autonomous Organizations
6. The Limitations and Legal Implications of Autonomous Organizations
Conclusion
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