ICO review xDAC- Your Decentralised Company

The rise of cryptocurrencies in the past two years have gathered a lot of attention across the globe. All the global giants and organization are looking carefully at the technology and trying to explore the technology. Many organizations and institutions are looking forward to building their own decentralized ecosystem in order to adapt the technology. But for creating the technology the organization needs a lot of infrastructures, manpower, resources and a lot of time to build their infrastructure. This problem is resolved with the introduction of blockchain infrastructure platforms like Ethereum, EOS, Cardano etc. which provide an infrastrucure where people can use their infrastructure and start developing their project on these platforms.

xDAC is a platform which is taking the power of blockchain a level above not just by creating a project online but to build a complete decentralized company. As a subclass of DAO, an xDAC is a company on a decentralized network with a built-in Proof of Work (PoW) incentive mechanism, a comprehensive governance and management tools, and a support system for DApps and Autonomous Agents - all housed on top of EOS. The xDAC governance is regulated by an xDAC platform – designed as a self-sustainable decentralized ecosystem consisting of businesses motivated to reap the benefits of their success without geographical limitations.

xDAC is a Decentralized Autonomous Company created and operated on xDAC Platform by one or multiple human or autonomous agent owners or a mixture of both that share a common purpose and unites in order to achieve specific, declared goals. The xDAC platform focus is not just company creation and token distribution but establishing standards for decentralized businesses. An xDAC platform takes full advantage of decentralized ledger technology and lets anyone create and manage a company without the limitations of geography. This is how xDAC is trying to solve a big problem in practical world by providing companies a platform to take their company from a centralized platform to a decentralized platform with the help of blockchain.

There are certainly huge problems with the centralized company that can be solved by taking the company to a decentralized platform. Let's have a look at two major problems that can be solved by xDAC company over a traditional company:-

1. A Traditional company has to go with Registration, local jurisdiction compliance and reporting, state and federal taxes, judges, lawyers, court proceedings whereas an xDAC company platform helps in the Instant creation of a decentralized company, automated governance and dispute resolution, PoW incentives for company teams .
2. A centralized company must have Bank accounts, merchant accounts, payrolls, local investors, office space, external centralized productivity tools in order have a payment system to run their businesses. Whereas, an xDAC company have fundraising through ICOs, crypto payment processing, automatic payrolls, support for DApps and internal autonomous agents.

the xDAC platform pr focus is based on company creation and token distribution. It also establishes standards for decentralized businesses. Whether it’s taking full advantage of decentralized ledger technology, automated dispute resolution or security of stored information, the platform lets anyone create and manage any kind of company without the limitations of geography. The team of the project also looks very promising with very experienced members who has a great expertise in their field. The team includes Oskar Duris(Founder/Project Lead), Joseph Halter(Technical Lead), Sergey Anpilogov(Frontend Developer) and many other talented and expeirienced members.

Thus the project seems to be very promising and can have a great impact on growing businesses decentralized in near future. For further reference, you can visit their official site.