Cryptocurrency and decentralized autonomous corporations: the future of business

A BITCOIN EMBASSY THEMATIC MEET-UP

By attending this event, you will:

• Learn about BitShares, the concepts of crypto-equity and decentralized autonomous corporations (DAC).

• Learn about new cryptocurrency-related funding methods such as coin pre-sales.

• Watch a presentation about BitShares Music, a DAC founded by Cédric Cobban which aims at disrupting the talent discovery and music retail industry.

• Network with like-minded cryptocurrency enthusiasts, professionals and investors.

BACKGROUND

The invention and rise of Bitcoin has fundamentally challenged the way we think about money. It has also demonstrated great potential to disrupt the payment industry and has eroded the government monopoly over the creation of money. Where will the cryptocurrency revolution lead us next? What are the implications for traditional business structures? Enter BitShares, a cryptocurrency platform which aims at shaping the future of business by building the technology necessary to power and operate decentralized autonomous corporations (DACs).

A DAC is a software entity that, like a traditional company, earns money for its shareholders. Unlike a traditional company, it operates autonomously on a blockchain; it requires no board of directors or CEO to accomplish its goals. Shares can be transferred from person to person over the internet without any third party brokers. The corporation exists entirely as a decentralized transaction ledger maintained by a network of individual computers owned by regular people all over the world.

CASE STUDY: BITSHARES MUSIC AND PEERTRACKS

Far from being at the theoretical stage, entrepreneurs are already creating Decentralized Autonomous Corporations that provide useful services and aspire at generating very real profits for their share holders. Cedric Cobban recently founded the BitShares Music blockchain, a DAC which attempts to harness the power of peer-to-peer networks for talent discovery and music retail. Like all DACs, BitShares Music is composed of units called Notes, whose sale is being used as a method to finance the development of the corporation. Buyers of Notes will eventually be able to trade and sell these units.

SPEAKERS

• Cedric Cobban, founder of BitShares music also involved with PeerTracks

• Jillian Friedman, attorney and chief legal officer of the Bitcoin Foundation Canada

DATE

November 6th 2014, 18h00

LOCATION

The Bitcoin Embassy, 3485 boulevard Saint-Laurent, Montreal (second floor)

CONTACT

francis@bitcoinembassy.ca
+1 855-922-3622

*This is an open event, free of charge. Guests are invited to bring friends, coworkers and family members.

Live stream: https://plus.google.com/u/0/events/ckenmbmic9kscsgqesfnbcmknqo