Decentralized Autonomous Organization
A decentralized autonomous organization (DAO), is a business or organization whose decisions are made electronically by smart contracts or through the vote of its members. In essence it is a system of hard coded rules that define which actions an organization will take.
- Digital twin of a physical organization on blockchain with its own native token
- Each member gets tokens representing shares of DAO and giving them voting rights
- Track various levels of membership
- Traceability and immutability for asset transfers and voting activity