ZENIQ dictionary - Decentralized Autonomous Organization (DAO)
Today in our ZENIQ dictionary, we’re talking about the organization system in the blockchain world: DAO
Short Video from Zeniq Dictionary.
A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. A DAO's financial transaction record and program rules are maintained on a blockchain. The precise legal status of this type of business organization is unclear.