Technology and Governance

What is a Decentralized Autonomous Organization (DAO)?

• A Decentralized Autonomous Organization (DAO) is a new type of organization that doesn’t have a central leader or governing body. Instead, all members work together to make decisions in the best interest of the group.

• DAOs are popular in the world of cryptocurrency and blockchain because they allow decisions to be made by the community in a fair and transparent way. Rather than having a top-down management style, DAOs let all members have a say in how things are run, using a bottom-up approach.

• In short, a DAO is a group where everyone works together to make decisions, with no central authority in charge.