ExamGecko
Question list
Search
Search

Related questions











Question 11 - CBDH discussion

Report
Export

What type of organization can be thought of as a corporation run without any human involvement under the control of an incorruptible set of business rules?

A.
Limited Liability Corporation
Answers
A.
Limited Liability Corporation
B.
Decentralized Autonomous Organization (DAO)
Answers
B.
Decentralized Autonomous Organization (DAO)
C.
Corporation
Answers
C.
Corporation
D.
Trust
Answers
D.
Trust
Suggested answer: B

Explanation:

Decentralized Autonomous Organization (DAO) can be thought of as a corporation run without any human involvement under the control of an incorruptible set of business rules. A DAO can also be seen as the most complex form of a smart contract, where the bylaws of the decentralized organization are embedded into the code of the smart contract, using complex token governance rules.

asked 16/09/2024
Duane Innmon
24 questions
User
Your answer:
0 comments
Sorted by

Leave a comment first