A Decentralized Autonomous Organization (DAO) is a type of organization structure that has no central figureheads or management. It relies on some form of distributed structure to make decisions or perform activities.
This type of organization is prevalent in the crypto and blockchain world, where rules and their enforcement can be codified into smart contracts [→],voting happens among people with stakes in a project, and records and their legitimacy are never handled or verified by a single individual.
This type of organization can be referred to as a trustless trust organization.
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