DAOs (Decentralized Autonomous Organizations) represent a new way of organizational operation. Unlike traditional companies that require a board of directors and management, DAOs allow people from all over the world to collaborate based on shared goals without centralized control. As blockchain technology matures, DAOs are evolving from theoretical concepts into practical forces driving change across various industries.
From Theory to Practice: The Origin and Development of DAOs
The concept of DAOs did not emerge out of thin air. In 1997, German computer science professor Werner Dilger first defined self-sufficient autonomous systems in his thesis. This academic concept gained new vitality after the advent of Bitcoin, leading to the emergence of the concept of "Decentralized Autonomous Companies" (DAC)—an autonomous enterprise model that uses tokenized shares for distribution. Anyone who purchases DAC stock or earns rewards through shares can become a shareholder in the company, and