Decentralized Autonomous Enterprise (DAE) refers to an organization that operates without a central authority, utilizing blockchain technology to manage its functions. These enterprises rely on smart contracts, which are self-executing contracts with the agreement directly written into code. This allows for transparency and trust among participants.In a DAE, decision-making is distributed among all stakeholders, who can propose and vote on changes. This democratic approach ensures that no single entity has control over the entire organization, promoting fairness and collaboration.DAEs often use tokens as a means of participation, allowing holders to influence decisions or share in profits. This model can reduce bureaucracy and improve operational efficiency, making it attractive for various industries.Overall, DAEs represent a shift towards more inclusive and transparent ways of conducting business, driven by the principles of decentralization and community governance.