Decentralized Autonomous Corporation (DAC)
A Decentralized Autonomous Corporation (DAC) is a blockchain based decentralized system that provide goods or services to society (i.e. profit driven) while not depending upon any single individual, company or organization to have value. DACs allow an organization to distribute profits basing on a set of blockchain based rules. A DAC must have equity (shares) exchanged on its blockchain and must not not depend upon any laws or legally binding contracts.
DAC could be called a subset of DAO, a decentralised autonomous organization operating under a certain set of rules specified on a blockchain.
- @dan: Is The DAO going to be DOA? May 5, 2016
- @apasia.tech : Revisiting the Laws and Rules of the BitShares DAC March 11, 2018
- @sorin.cristescu : A steemDAC ? November 10, 2018
- @lukestokes : SteemDAC: A Plan We Can Start Today to Decentralize Steem Governance January 20, 2019
- @blocktrades : Testnet for Steem proposals is live and ready for testing March 11, 2019
- Forbes : The Growing Trend in Workspaces: Distributed Remote Teams Written by Natalia Karayaneva, published in 5/23/2019
- Qiao Wang's Blog on Medium : Cryptonetworks and the Theory of the Firm Written by Qiao Wang, published in 10/4/2018
- Smith & Crown: Introduction to Decentralized Autonomous Corporations (DACs) Written by unsigned, published in 17/3/2016
- Triple C : The Real World of the Decentralized Autonomous Society Written by J.Z. Garrod, published in 2/17/2016
- Let's Talk Bitcoin: DAC Revisited Written by Dan Larimer, published in 11/2/2013
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