The Rise of Decentralised Autonomous Organisations (DAOs): Redefining Governance and Collaboration in the Digital Economy

This research focuses on the transformation of decentralised controlling DAOs as a significant actor in today's digital economy, moving from central control to governance by agreement.The mixed-methods research design is used in this study where both quantitative and qualitative methods are applied through case studies, interviews, participant observation among others.The research explores the strange control and functional structures of DAOs compared to other types organisational forms.From the findings, governance systems in DAOs can range from a wide array of advantage and disadvantage related to decentralisation transparency as well as members engagement.DAOs exploit blockchain and smart contracts in new ways, such that decisionmaking processes are automated while being democratised.In contrast, it discloses important challenges such as legal uncertainties, technical issues and those which affect scalability and security.Comparisons with traditional organisations highlight the potential of DAO to enhance transparency and stakeholder engagement, although it also suggests a modulated approach in terms of adoption and implementation.In summary, the research shows that DAOs have immense prospects to transform governance and cooperation in digitalised economy but with careful consideration of their embedded challenges as well space for dynamic legislative framework otherwise they can't attain total maturity.