xDAC review

The global business community is looking to benefit from true economic growth. A system free from the influence of regulatory agencies and malicious third-parties. One that is open countless enterprising opportunities that include raising capital through ICOs, streamlining operations via blockchains, and increasing profits. Introducing xDAC — a decentralized network with a built-in Proof of Work (PoW) incentive mechanism, a comprehensive governance tool, and an innovative support system for DApps and internal Autonomous Agents — all housed on top of EOS. Welcome to the newest way to effectively run your business.

Automated Dispute Resolution

Unlike traditional companies who face never-ending financial roadblocks and complicated arbitration processes, xDAC, an advanced decentralized platform, allows for a seamless dispute resolution. The xDAC platform allows for fundraising through token sales, crypto payment processing, and automatic payrolls. It also paves the way for Bots and Artificial Intelligence (AI) to become part of company structure challenging developers to create internal autonomous agents that are sophisticated enough to join company teams.

“The core idea of decentralization is that the operation of a service is not blindly trusted to any single omnipotent company. Instead, responsibility for the service is shared: perhaps by running across multiple federated servers, or perhaps running across client-side apps in an entirely “distributed” peer-to-peer model,” Matthew Hodgson of TechCrunch said in a recent article.

So, what makes xDAC platform self-sustainable and reliable environment for businesses?

Autonomy & Transparency

At the end of the day, xDAC aims to manage itself in self-governance by cutting out middlemen and providing trust and transparency by using a blockchain. But does this mean xDAC plans to separate itself entirely from the laws and taxes that regulate companies? It seems unfair to the global economy and many governments and corporations are likely to see this as an attack. xDACs goal is to create consistent regulations for businesses across its platform. If rule changes are requested, the platform will be open to the proposed change and token holders will have the option to vote accordingly. The primary objective of xDAC is to ensure the protection of businesses on the platform.

Full Control Over Governance, Finances, and Team

xDAC Platform aggregates three components together in one place and automates them. This is designed to benefit both the company and their customers. Companies have full control over their governance, finances and their respective team. Business partners have confidence that companies they deal with are reliable and solvent by using a transparent system of governance and dispute resolution. An xDAC Platform is focused on creating a comprehensive framework for entrepreneurs, teams, autonomous agents or investors in crypto space. All users can benefit from decentralization.

3 Reasons to Trust xDAC More Than Traditional Businesses?

Fast and automated dispute resolution: xDAC provides arbitration system for any given dispute between two parties which allows decentralized arbitrators to resolve dispute based on documents provided by applicant and defendant very quickly.

Liability fund that can cover company’s debts or liabilities: Liability Fund is liability coverage in case of the xDAC’s debts or liabilities. It is created as percentage from received payment that is stored on separate wallet until certain limits are reached.

Transparency: Ownership in public xDAC organization is transparent and transferable. Voting token holdings are public, and owners have the right to transfer ownership to another party. There are four transparent functions of ownership built into public xDAC: (a) List all voting token holders (and their holdings) (b) Issue tokens, arbitrarily or with parameters © Sell or transfer tokens (d) Issue new non-voting tokens.

You can read whitepaper here: https://www.xdac.co/docs/xDAC-Whitepaper.pdf

You can contribute to bounties(up to 50 xDAC for each bounty) from here: https://www.xdac.co/bounties/

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