Decentralized Autonomous Organizations (DAO)

Abstract

In the ever-evolving realm of blockchain technology, one of the most intriguing concepts to emerge is that of the Decentralized Autonomous Organization ( DAO ). At its core, a DAO is an organization that operates based on predefined rules encoded as computer programs called smart contracts. Unlike traditional organizations, a DAO functions autonomously, without the need for centralized control, relying on the collective decision-making of its members.