# DCORP

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.



 ## How it works?


**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