about etehreum digital currency
- sakshamapp
- Oct 12, 2017
- 1 min read
Smart contracts could be the building blocks for entire decentralized autonomous organizations (DAO’s) that function like corporations, engaging in economic transactions—buying and selling things, hiring labor, negotiating deals, balancing budgets and maximizing profits—without any human or institutional intervention. If one takes the view that corporations are just a complex web of contracts and obligations of varying size and scope, then such DAO’s could be coded into Ethereum.