Difference between revisions of "Decentralized Autonomous Organization (DAO)"

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(External Links: Amentum Medium Blog)
(Links: DAOtalk)
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==Links==
 
==Links==
  
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* '''DAOtalk''' : https://daotalk.org ''Retrieved in 5/24/2019''
 
* '''Wetonomy''' : http://wetonomy.com ''Work with each other not for another. Retrieved in 2/28/2019''
 
* '''Wetonomy''' : http://wetonomy.com ''Work with each other not for another. Retrieved in 2/28/2019''
 
* '''@coster''' : https://steemit.com/@coster ''RocketICO. The world's first online startup accelerator based on the principles of Decentralized Autonomous Organization. Joined November 2017, last updated in 11/15/2017''
 
* '''@coster''' : https://steemit.com/@coster ''RocketICO. The world's first online startup accelerator based on the principles of Decentralized Autonomous Organization. Joined November 2017, last updated in 11/15/2017''

Revision as of 10:47, 24 May 2019

A decentralized autonomous organization (DAO) is an organization that is governed by rules encoded as computer programs called smart contracts maintained on a blockchain. It eliminates the need for documents and people in governing.

Some DAOs have already been launched on the Ethereum platform. In particular, “The DAO” is the name of a DAO launched by the team behind Slock.it startup and failed due to a smart contract attack.

Dan Larimer is attributed with inventing a similar concept of decentralized autonomous corporation (DAC).

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