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Algorithmic Entity

Algorithmic Entity

A autonomous computer algorithm having legal personhood, for example, having an autonomous algorithm control an LLC (limited liability company) or other legal vehicles (e.g. autonomous trusts or trusteeless trusts).

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Edits on 27 Jul, 2022
Megan Gustafson"Inaccurate"
Megan Gustafson edited on 27 Jul, 2022
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Edits on 26 Jul, 2022
Dania Joskiy
Dania Joskiy edited on 26 Jul, 2022
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Edits on 10 Jun, 2022
Golden AI"Entity importer update"
Golden AI edited on 10 Jun, 2022
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Edits on 15 Oct, 2019
Daniel Frumkin"Added to article to surpass 1000 characters"
Daniel Frumkin edited on 15 Oct, 2019
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Algorithmic Entities do not have human controllers and have comparative advantage over human controlled legal entities, thus, have advantage in operating in criminal and anti-social trading activities. Governments lack the ability to check who controls a legal entity, thus, they cannot determine if a legal entity is controlled by a non-human. As legal entities can migrate internationally, there is difficulty in regulating algorithmic legal entities, however, there are exit tax solutions that can be used to give a barrier to exit/entry to the legal entity migrating.

Algorithmic entities may eventually be granted legal status identities to conduct legal proceedings, analysis, and other legal services. These entities can possess private-law rights of a legal person(s) through an LLC. If the autonomous computer is the sole controller of an LLC, then it can be granted personhood, which also gives them rights of the algorithm. Personhood comes with other basic civil rights such as a right to speak freely, own property, to privacy, and so on.

Edits on 19 Mar, 2019
Golden AI
Golden AI edited on 19 Mar, 2019
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Edits on 7 Aug, 2018
Golden AI"Linkify text links in standard tables"
Golden AI edited on 7 Aug, 2018
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Author
Title
Link
Type

Lynn M. LoPucki

Algorithmic Entities

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2954173https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2954173

Academic paper

Edits on 5 Jun, 2018
Golden AI"Corrections"
Golden AI edited on 5 Jun, 2018
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Author
Title
Link
Type

Lynn M. LoPucki

Algorithmic Entities

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2954173

Academic Paperpaper

Edits on 1 Jun, 2018
Golden AI"Merging standard tables"
Golden AI edited on 1 Jun, 2018
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Product
Company
Product type

Metronome

Table

Author
Title
Link

Lynn M. LoPucki

Algorithmic Entities

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2954173

Table

Author
Title
Link
Type

Lynn M. LoPucki

Algorithmic Entities

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2954173

Academic Paper

Edits on 19 Mar, 2018
Jude Gomila
Jude Gomila edited on 19 Mar, 2018
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Product
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Product type

Metronome

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    Edits on 23 Feb, 2018
    Jude Gomila
    Jude Gomila edited on 23 Feb, 2018
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    Algorithmic Entities do not have human controllers and have comparative advantagecomparative advantage over human controlled legal entities, thus, have advantage in operating in criminal and anti-social trading activities. Governments lack the ability to check who controls a legal entity, thus, they cannot determine if a legal entity is controlled by a non-human. As legal entities can migrate internationally, there is difficulty in regulating algorithmic legal entities, however, there are exit tax solutions that can be used to give a barrier to exit/entry to the legal entity migrating.

    Jude Gomila
    Jude Gomila edited on 23 Feb, 2018
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    In the United StatesUnited States, algorithms can legally have exclusive control on a US LLCs and a majority of legal entities in most countries.

    Jude Gomila
    Jude Gomila edited on 23 Feb, 2018
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    Algorithmic Entity

    A autonomous computer algorithm having legal personhood, for example, having an autonomous algorithm control an LLC (limited liability company) or other legal vehiclevehicles (e.g. autonomous trusts or trusteeless trusts).

    Article

    Related Topics
    Jude Gomila
    Jude Gomila edited on 23 Feb, 2018
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    Topic thumbnail

    Algorithmic Entities Algorithmic Entity

    A autonomous computer algorithm having legal personhood, for example, having an autonomous algorithm control an LLC (limited liability company) or other legal vehicle.

    Article

    In the United States, algorithms can legally have exclusive control on a US LLCs and a majority of legal entities in most countries.

    Risks of Algorithmic Entities

    Algorithmic Entities do not have human controllers and have comparative advantage over human controlled legal entities, thus, have advantage in operating in criminal and anti-social trading activities. Governments lack the ability to check who controls a legal entity, thus, they cannot determine if a legal entity is controlled by a non-human. As legal entities can migrate internationally, there is difficulty in regulating algorithmic legal entities, however, there are exit tax solutions that can be used to give a barrier to exit/entry to the legal entity migrating.

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    Related Golden topics

    Lynn M. LoPucki

    Table

    Author
    Title
    Link

    Lynn M. LoPucki

    Algorithmic Entities

    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2954173

    Categories
    Related Topics
    Edits on 23 Feb, 2018
    Jude Gomila"Initial topic creation"
    Jude Gomila created this topic on 23 Feb, 2018
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     Algorithmic Entities

    A autonomous computer algorithm having legal personhood, for example, having an autonomous algorithm control an LLC (limited liability company) or other legal vehicles (e.g. autonomous trusts or trusteeless trusts).

    Article

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