In certain corners of the crypto community, ‘Decentralized Autonomous Companies’ (DACs), or ‘Distributed Autonomous Organisations’ (DAOs) are all the rage. In the same way that Bitcoin is decentralizing money, DACs seem to offer the potential to decentralize the entire world of business, commerce, finance, and the economy. They are businesses that can potentially be owned and run by their customers and their ‘employees’, with no single owner, and, like Bitcoin, no central authority to act as a board of directors.
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Peer2Politics
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on peer-to-peer dynamics in politics, the economy and organizations
Curated by
jean lievens
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“BitShares does for businesses what Bitcoin is doing for money,” goes the Bitshares motto, even though BitShares’ cryptocurrency asset has increased five times in value in only 13 days. Brian Page, BitShares Director of Marketing, tells us how Bitshares has gained such rapid growth in such a short period and what this means for the cryptocurrency landscape. 
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Scoop.it!
In certain corners of the crypto community, ‘Decentralized Autonomous Companies’ (DACs), or ‘Distributed Autonomous Organisations’ (DAOs) are all the rage. In the same way that Bitcoin is decentralizing money, DACs seem to offer the potential to decentralize the entire world of business, commerce, finance, and the economy. They are businesses that can potentially be owned and run by their customers and their ‘employees’, with no single owner, and, like Bitcoin, no central authority to act as a board of directors. They are, to some people, a big step on the road to greater freedom and autonomy in our own working lives and an antidote to the corruption and crony capitalism of our current corporate world, and the dehumanising influence that corporate hierarchies can have on regular working people.
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