Every so often, we do a Special Focus e-book to highlight either emerging or disruptive technologies—or any innovation we think will shape the future. This time, we will change things up a bit by focusing on something a bit different: The so-called Decentralised Autonomous Organisation or simply DAO.

A Decentralised Autonomous Organisation, or simply DAO, is a type of organisation being run using blockchain technology and smart contracts. A blockchain put simply, is a public, immutable ledger that is shared among the different nodes of a computer network. As it is a ledger, a blockchain electronically stores information in digital formats and is mostly associated with cryptocurrency systems, like Bitcoin and Ethereum. But it has other vital use cases, including secure record-keeping, which happens to be central to the idea of running organisations in a decentralised, autonomous manner.

It should, thus, be pointed out that a DAO is decentralised in that the organisation is controlled not by a single person or entity but by a network of participants. These participants have a stake in the said organisation and, therefore, have a right to make decisions in terms of how to run it. This decentralised structure, in turn, is made possible by the use of smart contracts, which are self-executing contracts that automatically enforce the organisation’s rules

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