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https://en.wikipedia.org/wiki/Decentralized_autonomous_organization
A decentralized autonomous organization (DAO), sometimes labeled a decentralized autonomous corporation (DAC), is an organization that is run through rules encoded as computer programs called smart contracts.[1]:229 A DAO's financial transaction record and program rules are maintained on a blockchain.[1]:229[2][3] There are several examples of this business model. The precise legal status of this type of business organization is unclear.[4]
Decentralized autonomous organizations aim to be open platforms where individuals control their identities and their personal data.
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