How does a DAO work?

Decentralized autonomous organizations (DAOs) are like traditional organizations, except they run autonomously, or almost. Much like traditional companies, DAOs have stakeholders that vote on changes. So while they run autonomously, so-called stakeholders can vote to influence decisions and direction. DAOs, just like pretty much everything else connected to cryptocurrencies, are an extremely new and, to some extent, revolutionary technology. In this episode of Ask Luno, we go in-depth on how they work. Can you picture companies that could one day run without human intervention? Let us know your thoughts in the comments below.