A decentralized autonomous organization (the DAO) is a computer
program which is a form of an investor directed venture capital
fund.
The primary objective of the DAO was to provide a new
decentralized business model which could help in the operations of
both commercials as well as non- profit making organizations. In
the year 2016, the crowdfunding of DAO further went on to create
history as the most massive crowdfunded campaign. The main plan
behind this concept was to put more control in the hands of the
investors and to strike off the idea of having a centralized
authority, which proved itself to be a more economical method. The
DAO further came to be known for establishing itself as the most
successful and dynamic concept to be implemented through the
Blockchain technology. A blockchain is a decentralized, digital
ledger accessible by the public through which various transactions
taking place through multiple computers can be recorded. It ensures
that the said
