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DAC - Decentralized Autonomous Corporation

Jul 16, 2019 3:33:50 PM / by dfuse

DAC is an acronym for a Decentralized Autonomous Corporation (or Decentralized Autonomous Community). This is similar to a co-op, as it is a member-run Corporation, which is self-governing, and can function autonomously. The entire business logic of a DAC is encoded into a smart contract that resides on the blockchain. Also known as a DAO - Decentralized Autonomous Organization.

topics ABC EOS, ABC Ethereum, ABC dfuse, ABC EOS Canada, DAC - Decentralized Autonomous Corportation