Pronounced Dee A Ow or DAO. DAO stands for Distributed Autonomous Organisation.
It is a relatively new term and the definition is still unsettled.
DAO is software which governs and organisation by a number of rules expressed in programming language Cryptographic Contracts. For example DAO can consist a set of rules of accepting new members, issuing perissions to members, basically any event which has to do with the changes in the organisation as a dybamic system.
This page will evolve as I learn more about the concept. For practical examples see notes about DAO on my personal Wiki.
Since a year back DAOs - Distributed Autonomous Organisations became a bit of a buzzword. These notes are result of conversations about DAOs with Andreas and Dennis who built DApps and DAOs since early 2014.