A DAO (Decentralized Autonomous Organization) in Hong Kong is an organization developed using blockchain technology. It is governed by rules encoded as a transparent computer program. There is no central authority in this organization; instead, it is controlled by its members. By adapting blockchain technology, DAOs can make decentralized decisions and manage operations without the need for intermediaries.
However, you should know that there is currently no separate company type for DAOs in Hong Kong. Therefore, those who want to start a business in this way can only do so as a company limited by guarantee or as a private limited company.