The DAO: How the autonomous corporation is already here


A new paradigm of economic cooperation is underway — a digital democratization of business.

Over the past couple of weeks a project with no mainstream press has become the biggest crowdfunding project crowdfunding project in history. It’s not crowdfunding a product, an artwork or a new cryptocurrency. It’s crowdfunding — or more accurately, crowd-founding — a corporation called “The DAO.” This is a corporation whose bylaws are written entirely in code.

Read the full article written by Seth Bannon on TechCrunch

Read full article