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Decentralized Autonomous Organization (DAO)
Practical Law Glossary Item w-037-6375 (Approx. 3 pages)
Glossary
Decentralized Autonomous Organization (DAO)
A virtual, software-enabled organization built and governed by smart contracts on a distributed ledger or blockchain network, such as Ethereum. For further information, see Practice Note, Decentralized Autonomous Organizations (DAOs): Overview.