= legal concept to give rights to non-human agents, see: Legal Recognition of Non-Human Agency

Description

Austin Wade Smith:

"Pioneered in the literature of Shawn Bayern.

Autonomous Organizations refers to legal and corporate actors which do not have human referents.

They may pertain to autonomous algorithms, machines, and robots.

Typically Autonomous Organizations begin as human-anchored corporate entities which have the option to exit the entity.

LLC’s in Vermont and Wyoming make it possible to have an LLC with no human members.

This is referred to as a a zero member LLC.

Algorithms can define the operating agreement of zero-member LLCs, making the legal entity under the control of software.

Algorithmically controlled operating agreements may dictate any number of actions."

Autonomous Organizations