Decentralized Autonomous Corporation

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Description

Via the Wikipedia [1]:

"A Decentralized Autonomous Corporation (sometimes referred to as a Fully Automated Business Entity or a Distributed Autonomous Corporation, often abbreviated "FAB" or "DAC") is a decentralized (or distributed) network of narrow-AI autonomous agents which perform an output-maximizing production function[jargon] and which divides its labor into computationally intractable tasks (which it incentivizes humans to do) and tasks which it performs itself. It can be thought of as a corporation run without any human involvement under the control of an incorruptible set of business rules. These rules are typically implemented as publicly auditable open source software distributed across the computers of their stakeholders. A human becomes a stakeholder by buying stock in the company or being paid in that stock to provide services for the company. This stock may entitle its owner to a share of the profits of the DAC, participation in its growth, and/or a say in how it is run." (https://en.wikipedia.org/wiki/Decentralized_Autonomous_Corporation)