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Blockchain Exam CBDH Topic 1 Question 1 Discussion
Actual exam question for
Blockchain's
CBDH exam
Question #: 1
Topic #: 1
[All CBDH Questions]
Topic #: 1
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?
Suggested Answer:
B
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.
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