Autonomous Organizations are entities that operate independently without centralized control. They often use technology, such as blockchain, to facilitate decision-making and governance. Members of these organizations can participate in shaping policies and actions through decentralized voting systems, ensuring that everyone has a voice.
These organizations can take various forms, including Decentralized Autonomous Organizations (DAOs). DAOs are built on smart contracts, which automatically execute decisions based on pre-defined rules. This structure promotes transparency and accountability, as all transactions and decisions are recorded on the blockchain, making it easy for members to track activities and outcomes.