Decentralised Autonomous Organisation (DAO)

A Decentralized Autonomous Organization (DAO) is a blockchain-based entity that is governed by smart contracts and decentralized decision-making processes. DAOs operate without centralized leadership, relying on the collective voting power of their members to make decisions and manage the organization’s assets. Members typically hold governance tokens that allow them to propose and vote on changes, making the structure highly democratic and transparent.

DAOs have become an essential part of the decentralized finance (DeFi) ecosystem, enabling individuals and communities to collaborate and manage resources without the need for traditional corporate hierarchies. By eliminating centralized control, DAOs provide an alternative model for organizational governance that prioritizes fairness, transparency, and collective decision-making.