A Decentralised Autonomous Organisation (DAO) is a business or organisation 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 organisation will take.
- Digital twin of a physical organisation on the blockchain, with its native token.
- Each member gets tokens representing shares of the DAO, giving them voting rights.
- Track various levels of membership.
- Traceability and immutability for asset transfers and voting activity.