Stephen Downes

Knowledge, Learning, Community

If you've been following OLdaily you've known what a DAO is for several years, but for the many who find this new, the Guardian has a tongue-in-cheek overview of the concept. Essentially, a DOA is a company (but not a 'company') with assets in the blockchain that is managed by a decentralized group of shareholders (but not 'shareholders'). "In that idealised vision of the organisation, there barely needs to be any human-level structure at all – hence the "autonomous" part of the name. The DAO itself exists as a smart contract."

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Stephen Downes Stephen Downes, Casselman, Canada

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Last Updated: Sept 30, 2023 06:34 a.m.

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