INTRODUCTION
Decentralized Autonomous Organizations(DAOs or DAOstack) runs through rules encoded as computer programs called smart contract. Bylaws of the decentralized organization are embedded into the code of the smart contract, using complex token governance rule. It is an entity that lives on the internet and exists autonomously. DAOs aren’t one specific person or persons, they govern themselves in a decentralized manner based on consensus or a preprogrammed set of rules. DAOs technology stack is becoming fully virtualized through the use of software. Cryptocurrencies which use public blockchains are DAOs such as (Bitcoin, Ethereum, Dash, Digix, etc.). Do not be mistaken in thinking a decentralized organization has no governance, though. The business strutructure relies on formal democratic voting processes and an increasing level of self-organization.

Using DAOs, humans can coordinate themselves to work towards a common goal at the global scale without relying on trust or third parties. This mechanism has been enabled by the invention of the blockchain, pioneered by Bitcoin.

Dynamism in organisational setup
DOA permits companies to without CEOs or hierarchy. The application of this infrastructure will be tremendous in a large scale. When regulatory structures permits, the blockchain data could replace many public records like birth certificates, marriage certificates, deeds, mortgages, titles, sex offender records and missing persons. Healthcare clinics can function autonomously, software development company can employ thousands of independent programmers. The list is quite large and a DAO model can be applied to almost any business.

Voting power
Contrary to the one-man-one-vote strategy, followed by almost all kinds of democratic voting systems, DAOs make use of one-token-one-vote strategy. A person in a DAO is just an address on the blockchain and the simplest way to game a one-address-one-vote strategy would be to split tokens in to multiple addresses and duplicate votes.

Advantages of DAOs
DAOs strives to solve everything that’s wrong with how modern-day organizations are being carried out. A well structured DAO gives every investor an opportunity to shape the organization. There is no hierarchical structure, which means every innovative idea can be presented by anyone and considered by the entire organization.

Benefits of DAO
It allows individuals equality when deciding what businesses/organizations to invest in.
It brings about complete transparency stating that consumers investments are less at risk and individuals can be more informed of the strategic business decisions as they are made in real-time.
Creates ability to trade and sell your unique DAO tokens to others peer-to-peer without the need for complex technical/financial knowledge.
DAO investors can take part in a project from inception to exit  without going through complex regulatory hurdles or fill out complicated paperwork.

For More Information & Resources, visit:

DAOstack Website
DAOstack Summary
DAOstack WhitePaper
DAOstack Telegram
DAOstack Twitter
DAOstack Reddit
DAOstack Newsletter
DAOstack Github
DAOstack Medium
DAOstack YouTube
DAOstack Token Sale FAQ

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