NXT-DAC

Virtual Corporations on NXTby BlueMeanieDESCRIPTION:This new feature will enable Decentralized Autonomous Corporations on NXT. For a transaction fee, a user will be able to associate basic corporate governance structure to an issued asset.* Polls can be related to share ownership and voting outcomes can be scaled to the ratio of ownership, similar to a* A basicpayment feature.can be elected using the Share Poll feature.* Those officers have control overand can spend money and assets from those accounts while they hold office.* Officers can also issue official(P&Ls, etc.), as well as send officialThe goals of this initiative are to get a useful and basic DAC functionality up and running. Later we can add more complex features such as impeachment, liquidation/bankruptcy, leasing NXT to a corporation, and ongoing integration of future features to the corporation system. It greatly widens the scope of the asset exchange because we can build value of the shares themselves by relating them to the control of assets, both virtual and 'real'. It's possible for instance to build a basic functioning investment fund using this feature.Please post any comments below. Show your support! Thanks!donations are most welcome: 11274042109288826540-bm