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I am interested in cooperatives in the physical world, and learning about DAO provides interesting possibilities for the Cooperative world. So far I have see no attempt to create a cooperative in Ethereum. I don't even know if its possible. But judging by descriptions of the DAO (and the fact that you can create a non-business democratic organisation), I imagine it might be possible to set up a cooperative in Ethereum. Is this the case?

luchonacho
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Yes you can setup a cooperative on the Ethereum blockchain by writing a smart contract.

You are not clear on exactly what you want to achieve, but in principle you can write a contract (in Solidity which allows payments to be received, and then distributed to cooperative participants dependent on user defined rules.

You should read more about The DAO. The concept was/is an incredible idea. The lesson is that if you want to write a smart contract dealing with significant amounts of money then you need to make sure it does what you expect it to, and is not vulnerable to hacking.

Thomas Clowes
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