Difference between revisions of "Decentralized Autonomous Corporation (DAC)"

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(External Links: Qiao Wang)
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* '''Forbes''' : [https://www.forbes.com/sites/nataliakarayaneva/2019/05/23/the-office-as-a-network-blockchain-as-a-model-for-business/#2f2673db21f0 The Growing Trend in Workspaces: Distributed Remote Teams] ''Written by Natalia Karayaneva, published in 5/23/2019''
 
* '''Forbes''' : [https://www.forbes.com/sites/nataliakarayaneva/2019/05/23/the-office-as-a-network-blockchain-as-a-model-for-business/#2f2673db21f0 The Growing Trend in Workspaces: Distributed Remote Teams] ''Written by Natalia Karayaneva, published in 5/23/2019''
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* '''Qiao Wang's Blog on Medium''' : [https://medium.com/@QwQiao/cryptonetworks-and-the-theory-of-the-firm-a11961a41f7c Cryptonetworks and the Theory of the Firm] ''Written by Qiao Wang, published in 10/4/2018''
 
* '''Smith & Crown:''' [https://www.smithandcrown.com/introduction-decentralized-autonomous-corporations-dacs/ Introduction to Decentralized Autonomous Corporations (DACs)] ''Written by unsigned, published in 17/3/2016''
 
* '''Smith & Crown:''' [https://www.smithandcrown.com/introduction-decentralized-autonomous-corporations-dacs/ Introduction to Decentralized Autonomous Corporations (DACs)] ''Written by unsigned, published in 17/3/2016''
 
* '''Let's Talk Bitcoin''': [https://letstalkbitcoin.com/dac-revisited DAC Revisited] ''Published by [[Dan Larimer]], published in 11/2/2013''
 
* '''Let's Talk Bitcoin''': [https://letstalkbitcoin.com/dac-revisited DAC Revisited] ''Published by [[Dan Larimer]], published in 11/2/2013''

Revision as of 12:09, 29 May 2019

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.

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