Distributed Autonomous Organizations (DAOs)

A Distributed Autonomous Organization (DAO) is a digital organization run by rules encoded as smart contracts on a blockchain, without centralized leadership. Members participate by voting on proposals and decisions, with transactions and governance transparent and secure. DAOs enable collective ownership and management of projects, funds, or communities, operating autonomously based on consensus-driven protocols. They provide a decentralized alternative to traditional organizations, leveraging blockchain technology to ensure trust, transparency, and democratic decision-making among participants worldwide.