DAO

The rise of DAO, known as a decentralized autonomous organization.

Imagine a group of people who agree to abide by certain rules and enforce them using advanced technology.

DAO is like any traditional organization like Amazon or Apple the difference is that it’s autonomous it operates entirely transparent and independent of any human intervention including its creators.

DAOs are run by programming code written on a set of smart contracts written on Ethereum.

While they run autonomously, DAO stakeholders own tokens or ‘stakes’ in the company, use these to vote, and influence decisions. DAO allows every investor to shape the organization.

DAOs and smart contracts have altered the traditional way of doing business.