Decentralized autonomous organizations (DAOs) are entities that operate autonomously and transparently, without the need for a central authority or intermediary. DAOs are built on blockchain technology and are governed by smart contracts, which are self-executing pieces of code that automatically enforce the rules and regulations set by the community. Members of a DAO can propose and vote on decisions related to the organization's operations, such as funding allocation and policy changes, using a decentralized voting mechanism. The use of blockchain technology and smart contracts ensures that DAOs are transparent, secure, and resistant to censorship or corruption.