DCORP , described as autonomous, decentralized and democratic is an organization existing on the ether blockchain as a series of smart-contracts.
As per information on the website, the Founder and lead developer is Frank Bonnet, stated to have 9 years of experience in designing, building and maintaining countless enterprise .NET applications. He also happens to be the owner of _ DS Verzekeringen _ , an insurance company located in the Netherlands.
DCORP manages its own token (DRP) and the Ether held. Anyone can join DCORP as a shareholder or talented contributer anonymously; through their Eth account.
Shareholders are the collective owners of DCORP and has the right to decide on the business's financial transactions.
The Board of Directors are the daily managers of DCORP who are elected and are known publicy.
All voting behavior is claimed to be stored on the blockchain and therefore are made public.
How it works?
Submit an idea
A smart-contract business idea is drafted and discussed on the forum
Proposal
Given there is sufficiently raised support to fund the realization of an idea, a proposal is submited.
Shareholders vote
Shareholders then vote on the submitted proposal within a one week duration.
Fund is Released
If the proposal was approved, a fund contract is automatically released on the blockchain.
Development
A manager is assigned to the project. Thereafter; the code and funds are then released in phases.
Product launch
The smart-contract product is then released and the profit is distributed as recorded in the contract.
Conclusion:
Decorp seems like a decent project which can prove to be a monetary/regulatory service for startups looking to build on the blockchain technology.
Source: https//dcorp.it