Legal framework - Revision history

TiberiusB at 19:54, 6 February 2026

2026-02-06T19:54:43Z

TiberiusB: /* Main ideas */

2024-06-09T18:35:11Z

Main ideas

TiberiusB: /* Main ideas */

2024-06-09T18:20:26Z

Main ideas

TiberiusB at 18:14, 9 June 2024

2024-06-09T18:14:58Z

TiberiusB: /* External links */

2024-06-09T18:11:23Z

External links

TiberiusB at 18:05, 9 June 2024

2024-06-09T18:05:40Z

TiberiusB at 17:13, 25 October 2022

2022-10-25T17:13:39Z

TiberiusB: /* Main ideas */

2022-01-18T04:55:42Z

Main ideas

TiberiusB at 04:55, 18 January 2022

2022-01-18T04:55:25Z

imported>TiberiusB: /* Main ideas */

2017-08-31T01:31:53Z

Main ideas

New page

See [http://www.sensorica.co/value-networks/development#TOC-Legal-infrastructure work from SENSORICA on the legal framework].

=Main ideas=
The OVN is a self-organized network with its own Governance, IT infrastructure and methodologies of work. There is no legal shale around an OVN. The Bitcoin network takes a similar form, no one owns the network, it cannot be bought or sold, anyone can join it (open, permissionless), and yet it is capable of providing a stable service to society.

Open networks are not yet recognized as legitimate organizations by modern institutions. They are not illegal entities, they simply don't exist on forms. This will most probably change in the future. Despite that, in some countries ope network are covered by the law on associations. This is the case of Canada.

Legal structures are built at the periphery of the network to create bridges with the current system. Examples are : [[Exchange firm]] (takes on legal liability of products commercialized by the OVN and acts as and interface with the market), [[Custodian]] (a trust that absorbs legal liability for use, usually a non-for-profit that holds and administers assets like lab space, equipment, tools, consumable materials, grants and funds, the brand, etc.)...

See also [[Legal structure]]

[https://www.coinbase.com/legal/securities-law-framework.pdf A Securities Law Framework for Blockchain Tokens]

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-Pragmatically speaking, the ''legal framework'' is an assembly of legal entities that form the legal Interface between an [[OVN]] and traditional institutions, i.e. that allow the network to operate within the current economy.
+Pragmatically speaking, within the traditional institutional, state-based framework, the ''legal framework'' of an [[OVN]] is an assembly of legal entities that form the 'legal interface' between an the open network and traditional institutions, i.e. that allow the network to operate within the current economy.
 The legal framework can also be understood as the assemble of the legal theory and laws on which are based the operations of an [[OVN]].
@@ Line 7: / Line 7: @@
 =Main ideas=
-Open networks are not yet recognized as legitimate organizations by modern institutions. They are not illegal entities, they simply don't exist on government forms, there is no legal language written specifically for them. This will most probably change in the future - see more on the [[4th Sector]] initiative. In some countries though, the legal status of open networks is covered by the law on associations. This is the case of Canada and the rest of the Common Wealth countries. In that sense, we can say for example that [[Sensorica]] exists legally in Canada as a ''non-registered association''.
+Open networks are not yet recognized as legitimate [[organizations]] by modern institutions. They are not illegal entities, they simply don't exist on government forms, there is no legal language written specifically for them. This will most probably change in the future - see more on the [[4th Sector]] initiative. In some countries though, the legal status of open networks is covered by the law on associations. This is the case of Canada and the rest of the Common Wealth countries. In that sense, we can say for example that [[Sensorica]] exists legally in Canada as a ''non-registered association''.
-The [[OVN]] is a open network with its own specific Governance, IT infrastructure and methodologies of work - see more on [[Organizational structure]]. The Bitcoin network is an OVN. No one owns the Bitcoin network, its form of property is [[nondominium]]. No one in particular controls the Bitcoin network, which is a necessary condition of existence for the network, as trust in it largely depends on the impossibility for a minority to control the network. The network is not a transferable entity, it cannot be bought or sold, since it cannot be owned or controlled. The network is open ([[permissionless]]), i.e. anyone can join it at will, without any restriction. Despite all these strange characteristics, it is capable of providing a stable and highly secure service to society, at global scale.
+The [[OVN]] is an open network with its own specific [[Governance]], IT [[infrastructure]] and [[methodologies]] of work - see more on [[Organizational structure]]. The Bitcoin network is an [[OVN]]. No one owns the Bitcoin network, its form of [[property]] is [[nondominium]]. No one in particular controls the Bitcoin network, which is a necessary condition of existence for the network, as trust in it largely depends on the impossibility for a minority to control the network. The network is not a transferable entity, it cannot be bought or sold, since it cannot be owned or controlled. The network is open ([[permissionless]]), i.e. anyone can join it at will, without any restriction. Despite all these strange characteristics, it is capable of providing a stable and highly secure service to society, at global scale.
 [[Legal structures]] are built at the periphery of the network to create bridges with the current system. Examples are : [[Exchange firm]] (takes on legal liability of products commercialized by the [[OVN]] and acts as and interface with the market), [[Custodian]] (a trust that absorbs legal liability for use, usually a non-for-profit that holds and administers assets like lab space, equipment, tools, consumable materials, grants and funds, the brand, etc.)...
 Often, an [[OVN]] must strongly interface with a traditional institution. For example, the [[Sensorica]] OVN collaborates with an academic lab on some type of instrument device, sharing a research grant. How can an OVN enter into agreement with the University? How can a governmental institution grant funding to an OVN?
 Apart from the legal issues mentioned above, OVNs and traditional institutions are very different in nature and interfacing them requires harmonizing internal procedures (management vs stewarding, [[planning]] vs synergistic coordination), risk management, etc.
 Institutions are machine-like organizations built from blueprints, while OVNs are more organic, emergent. Institutions function according to written protocols, while OVN self-organize dynamically, in context. Institutions are finite in capacity (resource, people) while OVNs are elastic in capacity (everything is crowdsourced). Institutions manage risks mostly through exclusion (barriers to entry, defence), cohesive measures (contracts) and control (management), while OVNs do it through redundancy, coupled to positive incentives and motivation. These differences must be bridged by the interface.

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 The [[OVN]] is a open network with its own specific Governance, IT infrastructure and methodologies of work - see more on [[Organizational structure]]. The Bitcoin network is an OVN. No one owns the Bitcoin network, its form of property is [[nondominium]]. No one in particular controls the Bitcoin network, which is a necessary condition of existence for the network, as trust in it largely depends on the impossibility for a minority to control the network. The network is not a transferable entity, it cannot be bought or sold, since it cannot be owned or controlled. The network is open ([[permissionless]]), i.e. anyone can join it at will, without any restriction. Despite all these strange characteristics, it is capable of providing a stable and highly secure service to society, at global scale.
-Legal structures are built at the periphery of the network to create bridges with the current system. Examples are : [[Exchange firm]] (takes on legal liability of products commercialized by the [[OVN]] and acts as and interface with the market), [[Custodian]] (a trust that absorbs legal liability for use, usually a non-for-profit that holds and administers assets like lab space, equipment, tools, consumable materials, grants and funds, the brand, etc.)...
+[[Legal structures]] are built at the periphery of the network to create bridges with the current system. Examples are : [[Exchange firm]] (takes on legal liability of products commercialized by the [[OVN]] and acts as and interface with the market), [[Custodian]] (a trust that absorbs legal liability for use, usually a non-for-profit that holds and administers assets like lab space, equipment, tools, consumable materials, grants and funds, the brand, etc.)...
 =Agreement templates=

@@ Line 6: / Line 6: @@
 =Main ideas=
 Open networks are not yet recognized as legitimate organizations by modern institutions. They are not illegal entities, they simply don't exist on government forms, there is no legal language written specifically for them. This will most probably change in the future - see more on the [[4th Sector]] initiative. In some countries though, the legal status of open networks is covered by the law on associations. This is the case of Canada and the rest of the Common Wealth countries. In that sense, we can say for example that [[Sensorica]] exists legally in Canada as a ''non-registered association''.
 Legal structures are built at the periphery of the network to create bridges with the current system. Examples are : [[Exchange firm]] (takes on legal liability of products commercialized by the [[OVN]] and acts as and interface with the market), [[Custodian]] (a trust that absorbs legal liability for use, usually a non-for-profit that holds and administers assets like lab space, equipment, tools, consumable materials, grants and funds, the brand, etc.)...

← Older revision		Revision as of 18:14, 9 June 2024
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	Legal structures are built at the periphery of the network to create bridges with the current system. Examples are : [[Exchange firm]] (takes on legal liability of products commercialized by the [[OVN]] and acts as and interface with the market), [[Custodian]] (a trust that absorbs legal liability for use, usually a non-for-profit that holds and administers assets like lab space, equipment, tools, consumable materials, grants and funds, the brand, etc.)...		Legal structures are built at the periphery of the network to create bridges with the current system. Examples are : [[Exchange firm]] (takes on legal liability of products commercialized by the [[OVN]] and acts as and interface with the market), [[Custodian]] (a trust that absorbs legal liability for use, usually a non-for-profit that holds and administers assets like lab space, equipment, tools, consumable materials, grants and funds, the brand, etc.)...
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	=Agreement templates=		=Agreement templates=

← Older revision		Revision as of 18:11, 9 June 2024
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−	=~~External~~ links=	+	=Agreement templates=
		+	Since its inception in February 2011 [[Sensorica]] has sought to bridge with the traditional world. See the [https://docs.google.com/document/d/1ABmC6YJsszlIPoL-YXU3GF-PLHY0tmQdocBExswh7Lw/edit history of Sensorica's interfaces] with traditional and the evolution of these interfaces. Sensorica's [https://www.sensorica.co/governance Goverannce page] contains links to templates of agreements that have been successfully used in these relations.
		+
		+	=Other topics=
	[https://www.coinbase.com/legal/securities-law-framework.pdf A Securities Law Framework for Blockchain Tokens]		[https://www.coinbase.com/legal/securities-law-framework.pdf A Securities Law Framework for Blockchain Tokens]

@@ Line 1: / Line 1: @@
-See [http://www.sensorica.co/value-networks/development#TOC-Legal-infrastructure work from Sensorica on the legal framework].
+The ''legal framework'' is an assembly of legal entities that form the legal Interface between the [[OVN]] and the so-called official world.
 =Main ideas=
-The OVN is a self-organized network with its own Governance, IT infrastructure and methodologies of work. There is no legal shale around an OVN. The Bitcoin network takes a similar form, no one owns the network, it cannot be bought or sold, anyone can join it (open, [[permissionless]]), and yet it is capable of providing a stable service to society.
+The [[OVN]] is a self-organized network with its own Governance, IT infrastructure and methodologies of work - see more on [[Organizational structure]]. There is no legal shale around an OVN. The Bitcoin network takes a similar form. No one owns the Bitcoin network, it cannot be bought or sold, anyone can join it (open, [[permissionless]]), and yet it is capable of providing a stable service to society.
-Open networks are not yet recognized as legitimate organizations by modern institutions. They are not illegal entities, they simply don't exist on forms. This will most probably change in the future. Despite that, in some countries ope network are covered by the law on associations. This is the case of Canada.
+Open networks are not yet recognized as legitimate organizations by modern institutions. They are not illegal entities, they simply don't exist on government forms. This will most probably change in the future - see more on the [[4th Sector]] initiative. Despite that, in some countries open networks are covered by the law on associations. This is the case of Canada. In that sense, we can say for example that [[Sensorica]] exists legally in Canada as a non-registered association.
 [https://www.coinbase.com/legal/securities-law-framework.pdf A Securities Law Framework for Blockchain Tokens]

← Older revision		Revision as of 04:55, 18 January 2022
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−	See [http://www.sensorica.co/value-networks/development#TOC-Legal-infrastructure work from ~~SENSORICA~~ on the legal framework].	+	See [http://www.sensorica.co/value-networks/development#TOC-Legal-infrastructure work from Sensorica on the legal framework].

	=Main ideas=		=Main ideas=