Decentralized autonomous organization (DAO)

A Decentralized Autonomous Organization (DAO) is a unique form of organization that is run by code that operates on a blockchain. It is a self-governing and self-executing entity that operates without human intervention. DAOs provide a way for individuals to participate in decision-making and governance processes in a decentralized manner. It allows for a collective decision-making process where members can vote on proposals and where proposals that receive support can be automatically executed. DAOs allow for greater transparency, security, and community involvement. They have been used in various industries such as finance, gaming, and art for crowdfunding, investing, and decision-making. Overall, DAOs provide a new and innovative way to run organizations that are transparent, autonomous, and community-centric.