Content-type: text/html Downes.ca ~ Stephen's Web ~ TechScape: everything you need to know about DAOs

Stephen Downes

Knowledge, Learning, Community

If you've been following OLdaily you've known what a DAO is for several years, but for the many who find this new, the Guardian has a tongue-in-cheek overview of the concept. Essentially, a DOA is a company (but not a 'company') with assets in the blockchain that is managed by a decentralized group of shareholders (but not 'shareholders'). "In that idealised vision of the organisation, there barely needs to be any human-level structure at all – hence the "autonomous" part of the name. The DAO itself exists as a smart contract."

Today: 1 Total: 1781 [Direct link] [Share]


Stephen Downes Stephen Downes, Casselman, Canada
stephen@downes.ca

Copyright 2024
Last Updated: Nov 03, 2024 3:07 p.m.

Canadian Flag Creative Commons License.

Force:yes