Glossary term

DAO

Decentralised Autonomous Organization. A business model that operates on a series of set parameters, built into the company from inception allowing the company to operate with optional intervention…

  • Updated August 17, 2018
  • First published April 25, 2018
  • Reading time 1 minute

Definition

Understand the fundamentals, context, and nuances behind this term.

Decentralised Autonomous Organization. A business model that operates on a series of set parameters, built into the company from inception allowing the company to operate with optional intervention from its creators, but is otherwise self-sufficient and revenue generating in its intended economic climate.