described as autonomous, decentralized and democratic is an organization existing on the 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 is also the Co-founder, developer and owner of "DS Verzekeringen", an insurance company in the Netherlands and many other web-based projects.
DCORP manages its own token (DRP) and the Ether it currently holds. Anyone is welcomed to join DCORP as a shareholder or talented contributer through their Ethereum account anonymously.
Shareholders are the collective owners of DCORP and has the right to decide on the business's financials.
The Board of Directors are the daily managers of DCORP who are elected and are publicly known.
All voting behavior is claimed to be stored on the blockchain and therefore made publicized.
Submit an idea
A smart-contract business idea is described and discussed on the forum
Proposal
As long as sufficient support is raised to fund the realization of an idea, a proposal is submited.
Shareholders vote
Shareholders vote on the submitted proposal within a timeframe of one week.
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 periodically.
Product launch
The smart-contract product is then released and the profit is distributed as recorded in the contract.
Can DCORP model be used and improved on to create a sort of monetary decentralised organisation for ICOs using something like proof of vote to stabilise and secure transactions on the blockchain?
Source: https//dcorp.it
