Decentralized Autonomous Organization (DAO)

A Decentralized Autonomous Organization (DAO) is an organization run by rules encoded as computer programs on a blockchain, rather than by traditional management. Members hold tokens that give them voting rights on decisions, such as funding projects or setting policies. Because it operates transparently and can function without a central authority, a DAO allows participants worldwide to collaborate, make collective choices, and manage resources securely and efficiently. It exemplifies a new way for groups to coordinate and govern themselves using technology, emphasizing decentralization, transparency, and community-driven decision-making.