Hello, Aragon community!
I posted Aragon for substitutes of legal corporations in nation-states yesterday and asked what are the missing part to establish blockchain company, then I got some feedback.
Throughout the topic, what I felt an important but missing thing for a blockchain company is how to manage real-world assets. Because the blockchain ecosystem is still in its infancy, we have to rely on terms and conditions or other contract flameworks. that may cause troubles because they are based on laws which preassume that both contractors are either a natural person or a legal entity.
So, here we need legal foundations on some geographical location to manage contracts in the real world.
Ethereum has Ethereum foundation in Switzerland to manage its fund(USD?) and IPs.
Augur has Augur foundation in Estonia.
Zcash has Zcahs foundation in the US.
and Aragon has Aragon foundation in Zug, Switzerland
I assume they choose their foundation location based on some criteria like
- Crypto friendliness
- Taxation (Of course 0 % is always good
- Political stability
- Simple workflow
What do you think of those ideas?
Where do you think a good place to establish foundation?
What do you think of ideal role of both blockchain company/foundation
and also I’m welcome other thought or anything related.