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

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(External Links: Triple C)
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* '''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''
 
* '''Triple C''' : [https://www.triple-c.at/index.php/tripleC/article/view/692 The Real World of the Decentralized Autonomous Society] ''Written by J.Z. Garrod, published in 2/17/2016''
 
* '''Triple C''' : [https://www.triple-c.at/index.php/tripleC/article/view/692 The Real World of the Decentralized Autonomous Society] ''Written by J.Z. Garrod, published in 2/17/2016''
* '''Let's Talk Bitcoin''': [https://letstalkbitcoin.com/dac-revisited DAC Revisited] ''Published by [[Dan Larimer]], published in 11/2/2013''
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* '''Let's Talk Bitcoin''': [https://letstalkbitcoin.com/dac-revisited DAC Revisited] ''Written by [[Dan Larimer]], published in 11/2/2013''
  
 
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Latest revision as of 11:52, 30 October 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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