Tag: Decentralization

In 2016, the initial DAOs were launched, creating a new type of organization that operates without central leadership. A DAO, or Decentralized Autonomous Organization, contains a core technical framework built on blockchain, consisting of smart contracts, governance mechanisms, a treasury, and an engaged community.

With over 10,000 active Decentralized Autonomous Organizations (DAOs) managing billions in digital assets, their rise represents a powerful shift towards community-driven governance. This organizational structure leverages blockchain technology to offer significant benefits over traditional, centralized companies.