to do would have been handled by a decentralised autonomous organisation, a dao. but what on earth does that mean? a dao is similar in some ways to some of these a financial flash mobs or crowdsourcing activities, where you get a bunch of people coming together, they put some money into something to buy an asset. the difference is that in one of those activities, there are people who are recognise — recognisably running the show and are in charge of thinking it through. in a dao, we are defining it all upfront and then we're letting it run its own course. and this idea can be used for anything. a group of people have got together on the internet to raise funds for a dao to buy this area of woodland in wiltshire, in the south of england, and they can decide how it is managed. so a dao is a way of setting up an organisation that is — that uses the blockchain