Last Night A Distributed Cooperative Organization Saved My Life: A brief introduction to DisCOs

Stacco Troncoso and Ann Marie Utratel write about the DisCO framework. DisCO is an alternative to the Decentralized Autonomous Organizations, or DAOs. DAOs are blockchain-based entities that can execute payments, levy penalties, and enforce terms and contracts without human interaction. They can earn their own money, and contract and pay for services — they can actually create and wield their own economic power, according to the interests of their programmers. The DisCOs are a cultural and structural framework combining from other forms of decentralization into a practical toolkit that benefits from the potential of the Distributed Ledger.