SOL - Elon Musk's Delaware Setback Opens Door For Srinivasan's Ethereum Solana DAO Proposal | Benzinga
Balaji Srinivasan has suggested Decentralized Autonomous Organizations (DAOs) on the Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) blockchains as viable alternatives for companies considering incorporation, following Elon Musk’s legal challenges in Delaware.
What Happened: This comes as Musk shared an opinion post published in the Wall Street Journal titled: ‘Delaware Is Trying Hard To Drive Away Corporations'.
Now, Srinivasan has a potential solution for alternatives to Delaware. Among the three options he listed, he brought up the potential use of blockchain platforms, mentioning Ethereum and Solana as possibilities.
There are three alternatives to Delaware.
1) Red states like Texas & Florida
2) Foreign states like Singapore & UAE
3) Blockchains like Ethereum & Solana
All three should develop tools for corporate refugees exiting Delaware. Port over ...