ƒractally, the new framework for the next generation of decentralized autonomous organizations (DAOs) defines a DAO as :
1- A transparent organization that leverage smart contracts to reach consensus.
2- Sovereign over it's consensus state, has no secrets, and holds no external property.
If you want to witness how a DAO can be implemented, sign-up for the next ƒractally consensus meeting practice, coming April 9, 12:00 EST.