DCORP (DRP) is an autonomous organisation. DCORP is also a democratic and decentralised organisation. DCORP is an organisation that exists on blockchain. DCORP exists as a series of smart contracts. DCORP has and manages its own crypto token with the name DRP. Ether holds the DRP.
Any person who is interested to join DCORP can join the organisation. The person can remain anonymous if she/he desires to remain so. The interested person can join DCORP as a share holder of the company. She/he can also join DCORP as a talented contributor to the network. The person who wish to join DCORP can do so via their Ethereum account.
The share holders od DCORP are the collective owners of the DCORP organisation. These share holders decide on the business financials of DCORP. There is a Board of Directors of DCORP, who provide DCORP over all day to day management. These Directors in the Board are elected. They are also known publicly. The complete activity of behaviour of voting is stored on the blockchain. This behaviour of voting stored on blockchain is made public.
The objective of DCORP, which is a democratic and decentralised organisation, is to provide any interested person the opportunity to convert an innovative and beneficial idea of Ethereum blockchain into reality. DCORP provides all financial assistance and the required skill management to that person to turn her/his dream into reality.
DCORP is a combination of bests of a conventional, traditional company and a decentralised company. Projects such as derivative exchanges are given structure by DCORP. DCORP takes the complete responsibility of arranging for ownership, distribution of possible dividends and activity of voting via ownership of DRP tokens. Complete funds collected in crowd sale will be deposited in wallets secured with multi signatures, by DCORP. The Founder and the Board of Directors will be responsible for the fund as they only will be holding the funds. The system will require the out going transactions to be verified by number of parties.
An idea of smart contracts business is first described and then discussed on the forum. Once a consensus to support to provide funds to the idea is achieved, a proposal is submitted before the decision makers. A voting activity is conducted on the submitted proposal by the share holders within seven days of submission of the proposal. A fund contract is automatically deployed on the blockchain on approval of the proposal. A manager is assigned to the project who arranges for periodical release of funds and codes. The smart contract product is released after completion and the distribution of profit is done as recorded on the contract.
DCORP is an idea that has high potential in time to come, providing opportunities to aspiring innovators with smart contract business ideas.
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