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Decentralized Autonomous Organization

Overview#

Decentralized Autonomous Organization (DAO) is an Organizational Entity that is run through rules encoded as computer programs called Smart contract.[1]

Typically, a Decentralized Autonomous Organization financial transaction record and program rules are maintained on a blockchain.

There are several examples of this framework.

Ldapwiki has also seen Decentralized Autonomous Corporation (DAC) which is a Decentralized Autonomous Organization.

The precise legal status of Decentralized Autonomous Organization is unclear.

More Information#

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