Decentralized autonomous organization

decentralized autonomous corporationblockchainDAOdecentralized governancedistributed autonomous organization
A decentralized autonomous organization (DAO), sometimes labeled a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as a computer program that is transparent, controlled by shareholders and not influenced by a central government.wikipedia
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The DAO (organization)

The DAODAO
A well-known example, intended for venture capital funding, was The DAO, which launched with $150 million in crowdfunding in June 2016, and was immediately hacked and drained of in cryptocurrency.
The DAO was a digital decentralized autonomous organization, and a form of investor-directed venture capital fund.

Organization

organisationorganizationsorganisations
A decentralized autonomous organization (DAO), sometimes labeled a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as a computer program that is transparent, controlled by shareholders and not influenced by a central government.
Decentralized autonomous organization

EOS.IO

EOSEOS.io blockchain
Daniel Larimer first proposed the concept of a "Decentralized Organized Company" in an article published on September 7, 2013 and implemented in Bitshares in 2014, EOS in 2018.
EOSIO operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model.

Dash (cryptocurrency)

DashX11Dark Gravity Wave
The first DAO's were Dash and Bitshares.
Dash is an open source cryptocurrency and is a form of decentralized autonomous organization (DAO) run by a subset of users, called "masternodes".

Ethereum

EtherETHETH blockchain
This hack was reversed in the following weeks, and the money restored, via a hard fork of the Ethereum blockchain.
In 2016 a decentralized autonomous organization called The DAO, a set of smart contracts developed on the platform, raised a record US$150 million in a crowdsale to fund the project.

Daniel Larimer

Daniel Larimer first proposed the concept of a "Decentralized Organized Company" in an article published on September 7, 2013 and implemented in Bitshares in 2014, EOS in 2018.
It is organized as a decentralized autonomous organization (DAO).

List of highest funded crowdfunding projects

highest funded film campaign on Indiegogohighest-funded crowdfunding projects106th most crowdfunded project of all time
List of highest funded crowdfunding projects

Decentralized computing

decentralizeddecentralisedAutonomy and decentralization
Decentralized computing
Decentralized Autonomous Organization

Blockchain

Blockchainsblockchain technologyblock
A DAO's financial transaction record and program rules are maintained on a blockchain.

Cryptocurrency

cryptocurrenciescrypto-currencyaltcoin
A well-known example, intended for venture capital funding, was The DAO, which launched with $150 million in crowdfunding in June 2016, and was immediately hacked and drained of in cryptocurrency.

Ledger

ledgersledger bookaccount book
Decentralized autonomous organizations are typified by the use of blockchain technology to provide a secure digital ledger to track financial interactions across the internet, hardened against forgery by trusted timestamping and dissemination of a distributed database.

Trusted timestamping

timestamptimestampedDecentralized timestamping
Decentralized autonomous organizations are typified by the use of blockchain technology to provide a secure digital ledger to track financial interactions across the internet, hardened against forgery by trusted timestamping and dissemination of a distributed database.

Distributed database

distributeddistributed database management systemdata distribution
Decentralized autonomous organizations are typified by the use of blockchain technology to provide a secure digital ledger to track financial interactions across the internet, hardened against forgery by trusted timestamping and dissemination of a distributed database.

Trusted third party

trusted partyTrusted Third Partiesneutral third party
This approach eliminates the need to involve a mutually acceptable trusted third party in a financial transaction, thus simplifying the transaction.

Deed

title deedsanadtitle deeds
For example, the blockchain data could, in principle and if regulatory structures permit it, replace public documents such as deeds and titles.

Title (property)

titleland titlelegal title
For example, the blockchain data could, in principle and if regulatory structures permit it, replace public documents such as deeds and titles.

Cloud computing

cloudcloud-basedcloud services
In theory, a blockchain approach allows multiple cloud computing users to enter a loosely coupled peer-to-peer smart contract collaboration.

Peer-to-peer

P2Ppeer to peerpeer-to-peer network
In theory, a blockchain approach allows multiple cloud computing users to enter a loosely coupled peer-to-peer smart contract collaboration.

Smart contract

smart contractsDigital contractscontracts
In theory, a blockchain approach allows multiple cloud computing users to enter a loosely coupled peer-to-peer smart contract collaboration. Vitalik Buterin proposed that after a DAO was launched, it might be organized to run without human managerial interactivity, provided the smart contracts were supported by a Turing complete platform.

Vitalik Buterin

Vitalik Buterin proposed that after a DAO was launched, it might be organized to run without human managerial interactivity, provided the smart contracts were supported by a Turing complete platform.

Turing completeness

Turing-completeTuring completeuniversal
Vitalik Buterin proposed that after a DAO was launched, it might be organized to run without human managerial interactivity, provided the smart contracts were supported by a Turing complete platform.

U.S. Securities and Exchange Commission

SECSecurities and Exchange CommissionSecurities and Exchange Commission (SEC)
The precise legal status of this type of business organization is unclear; some similar approaches have been regarded by the U.S. Securities and Exchange Commission as illegal offers of unregistered securities.

Security (finance)

securitiessecuritydebt securities
The precise legal status of this type of business organization is unclear; some similar approaches have been regarded by the U.S. Securities and Exchange Commission as illegal offers of unregistered securities.

General partnership

G.P.general partnersgeneral partner
Although unclear, a DAO may functionally be a corporation without legal status as a corporation: a general partnership.

Limited liability

unlimited liabilitylimitedliability
This means potentially unlimited legal liability for participants, even if the smart contract code or the DAO's promoters say otherwise.