Franko is an opensource distributed autonomous corporation built on top of a blockchain assisted payment network that maintains, secures and audits all corporate shares securely and transparently. New corporate shares are issued out automatically by the corporation without need for human interference to anyone who can provide proof that an important task has been successfully completed on behalf of the DAC. The major benefit of using a distributed model as opposed to a legacy centralized model is the added fault tolerance. This means there is no central point of failure and consensus is reached by a majority vote rather than an autocratic one. The Franko blockchain is a synchronized public ledger that is stored on a global network of computers. Blockchains are systems of accounting--that is, of keeping track of things and in this case corporate shares. They represent a new and superior way of recording and memorializing transactions or of registering data publicly.


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