Autonomy refers to the ability of an organization or system to govern itself, make decisions, and operate independently without centralized control.

What are DAOs

DAOs (Decentralized Autonomous Organizations) are digital organizations that operate on blockchain technology, governed by smart contracts and decentralized decision-making processes.

Key Benefits of DAOs

1. Decentralized Governance

2. Autonomous Operation

3. Transparent & Tamper~Proof Operations

4. Increased Security

How DAOs Work

1. Smart Contracts define Rules & Logic

2. Decentralized decision-making through Voting

3. Autonomous Operation based on Predefined Rules

Potential Applications of DAOs

1. Decentralized Finance (DeFi)

2. Community Governance

3. Social Impact Initiatives.

4. Decentralized decision-making in Oganizations.

Challenges & Opportunities

1. Regulatory Clarity

2. Security & Scalability

3. User Adoption & Education.