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== Decentralized organization == When talking about a decentralized organization, Ethereum has said that “instead of a hierarchical structure managed by a set of humans interacting in person and controlling property via the legal system, a decentralized organization involves a set of humans interacting with each other according to a protocol specified in code, and enforced on the blockchain. A DO may or may not make use of the legal system for some protection of its physical property, but even there such usage is secondary.” The problem with this definition is that it confuses the trust model of a standard real-world organization with that of the blockchain which is quite misleading. How about “programmatic organization” since that captures what it is without being confused with the underlying blockchain. Recall that I said that an organization can’t be considered decentralized. So at best, you could say that a programmatic organization is a collection of members whose assets and permissions are controlled in accordance with the rules programmed when the organization was founded. The state of these assets and permissions is managed by a blockchain in such a way that its operations are transparent to every member within the organization. Thus, a programmatic organization is represented and managed through a decentralized consensus mechanism like a blockchain but relies on a trust-based model for its real world operations. <span id="decentralized-autonomous-organization-dao"></span>
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