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Decentralized Autonomous Cooperative (DAC)

Decentralized Autonomous Cooperative (DAC)

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A Decentralized Autonomous Cooperative (DAC) is an organization controlled by shareholders and operates without a central authority, using Blockchain technology and smart contracts to govern its rules and processes. This ensures transparent, automated decision-making and enhances security and efficiency through decentralized management.

Related glossaries

Decentralized Autonomous Organization (DAO)
A blockchain-based entity governed by smart contracts and community voting, eliminating the need for centralized control.
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