Decentralized Autonomous Organization Definition | IoT ONE Digital Transformation Advisors

Terms Glossary D Decentralized Autonomous Organization

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	Decentralized Autonomous Organization (DAO)

Decentralized Autonomous Organization (DAO)

Formal	A Decentralized Autonomous Organization (DAO) is an organization that runs without human intervention. Governance is strictly restricted to pre-coded rules. Read More
Practical	This type of organization is run through rules encoded called smart contracts. A DAO’s transaction record and program rules are maintained on a Blockchain, which presents clear advantages in terms of transparency and security. The legal framework is yet to be unclear however. Read More
Contents

Formal

A Decentralized Autonomous Organization (DAO) is an organization that runs without human intervention. Governance is strictly restricted to pre-coded rules.

Practical

This type of organization is run through rules encoded called smart contracts. A DAO’s transaction record and program rules are maintained on a Blockchain, which presents clear advantages in terms of transparency and security. The legal framework is yet to be unclear however.

Overview

Decentralized Autonomous Organization (DAO)