What is Decentralized Autonomous Cooperative (DAC)?

Decentralized Autonomous Cooperative (DAC) – A Decentralized Autonomous Cooperative, or sometimes called Decentralized Autonomous Cooperation, is an organization controlled by shareholders, not a central authority. It is represented by rules coded into a transparent computer program controlled by members of the organization. No matter what happens, it is not affected by a central government.

While the Decentralized Autonomous Organization (DAO) is shaped through the use of blockchain technology to provide a secure digital ledger for tracking financial interactions on the internet. This method does not require the involvement of a trusted third party involved in the transaction.

On the blockchain, records of the DAO's financial transactions and program rules are maintained. The exact legal status of this business entity classification is unclear.

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