What is a Decentralised Autonomous Organisation (DAO)?
A decentralized autonomous organization (DAO) is a coordination system for creators and businesses in the digital age. Unlike the traditional corporation, a DAO is governed by its members using rules that are encoded into computer programs and transparent on a blockchain ledger.
Global collaborations, made possible by the Internet and accelerated by a Covid-era move to remote work, can be managed and automated through the use of a DAO. More than that, the DAO gives entrepreneurs a chance to create a for-profit or non-profit entity that is in itself a network of people connected by a common goal. These networks are deeply intertwined with smart contracts to create a cybernetic organism that melds the human experience with the meta.