Decentralized Autonomous Organizations (DAOs), leveraging the decentralized and immutable nature of blockchain technology, are transforming organizational governance by distributing decision-making authority across members rather than concentrating it within a central hierarchy. This paper provides an in-depth examination of DAOs, exploring their technological foundations, governance frameworks, and the implications for corporate structures. While DAOs offer significant benefits such as transparency, efficiency, and autonomy, they also face challenges like security vulnerabilities, legal ambiguities, and scalability issues. Through case studies of prominent DAOs such as The DAO and Aragon, this article discusses the practical applications, risks, and future potential of decentralized governance models. The research highlights the need for robust governance mechanisms, regulatory clarity, and technological innovations to address the limitations currently hindering DAOs' widespread adoption. As DAOs continue to evolve, they hold the potential to reshape the future of corporate governance, offering more inclusive and transparent decision-making processes in the digital age.