Home Education Glossary Decentralized Autonomous Organizations (DAOs)

Decentralized Autonomous Organizations (DAOs)

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Decentralised Autonomous Organizations (DAOs) are blockchain-based organizations that function independently and without a central authority through predefined smart contracts. They provide for open and democratic decision-making processes because they are guided by participant consensus.

DAOs promote a new paradigm of decentralized and community-driven governance by allowing organizations to manage their resources, tasks, and organizational tasks without the use of traditional hierarchical structures.