A new law recognizes ‘decentralized autonomous organizations’ and could help the state attract blockchain-based businesses
When you think about Tennessee, you’re more likely to be thinking country music, barbecue and bourbon than crypto, blockchain and Web3. The state legislature has plans to change that.
Tennessee just passed a bill that could help it become a leader in states providing a home to entrepreneurs who want to set up a unique kind of company that uses the blockchain to automate its decision-making. It’s called a DAO.