What are Onchain Organizations?

Onchain organizations use smart contracts such as multisig accounts and governance frameworks to run shared administrative processes transparently, in a way the article says is hard for any single entity to capture. A multisig is a shared account that requires a set threshold of signatures, such as 2/3 of three signers like Alice, Bob and Cate, to execute a transaction. The article names Safe as the industry standard multisig and says well-engineered multisigs cannot be taken down by third parties, though signers' private keys can be hacked or seized. For governance, it cites Moloch and Governor as leading frameworks for voting, proposals and member onboarding, and notes that onchain voting ensures passed proposals execute, while bugs and malicious proposals remain risks.