DAO (Decentralized Autonomous Organization)


A DAO is an organization represented by rules encoded as a transparent computer program, controlled by organization members, and not influenced by a central government.


DAOs are an innovative form of governance and organizational structure, enabled by smart contracts primarily on the blockchain. They allow for decentralized decision-making and autonomous operations, with members voting on key decisions and proposals. DAOs have been used for venture capital funds, charitable organizations, and community governance.