Recently I got amazed by this project, studied it thoroughly in details, read a lot of info, watched some videos, so for the last few days I have managed to collect enough info about xDAC and decided to share it with the progressive Trybe community!!! So let me get straight to the point:

  • xDAC is a newly, developed by an International Team of Experts, blockchain platform for creating and managing Decentralized Autonomous Companies (DAC).
  • Self-governed platform for all companies and without any geographical limitations.

The Problem that companies are facing now is:

  1. Nowadays there are to follow too many rules and regulations of each single jurisdiction separately leads to inefficient, too expensive and difficult way to manage companies worldwide.
  2. Jurisdiction systems +government agencies + business registration + financial institutions are not cooperating at its best, so they look old fashioned, slow and practically impossible to automate.

The Solution :

  1. xDAC is based on decentralized ledger technology and gives anyone the option to create and manage a company where the geographical borders do not exist anymore, so eventually xDAC companies are governed by same rules.
  2. The Platform combines three components: governance + finances+ workforce. So as a result we have FAST & AUTOMATED ECOSYSTEM.

 

The Platform & The Architecture

The Ecosystem is based on three layers, which combine EOS + xDAC Platform ( Core) + xDAC Client ( APPs)

EOS smart contract platform will be the basis on which are built and interacting the other two layers, but the xDAC dev team is considering to build a new platform to EOS, and not rely solely on it, but to use it as a hybrid solution and make sure the platform will be flawless in case of network congestion.

xDAC Platform ( Core) is the public’s smart contracts layer, that will act as the link between the environment and the governance for decentralized applications (DApps) and Autonomous Agents to be built on. The most active DAC’s will be the core of revenue generation, based on PoW performance ratings.

  • Three different types of accounts will exist on the Core Platform, i.e new xDAC ( opened for a new company ), Team Member ( opened for anybody connected with the company as a employee, freelancer etc.) and Investor, that will posses power of vote in the company.
  • Identity Mgmt. Everybody will be provided with a digital ID.
  • Governance and Disputes. It is a major component of the system, that’s why it combines Dispute Resolution + Dispute Representative Board and Voting + Assigning a Representative.
  • xDAC Ownership and Token Issuance, that will consist of Voting Tokens + Non-Voting Tokens.FYI the tokens will be an ERC 23 compliant!!!
  • Two types of Wallets ( xDAC wallet+Team Member wallet ) and xDAC Payment Processing.
  • xDAC Liability Fund, that is to cover any debts or liabilities that may occur over time.
  • Team Member Retirement Fund. Every Team Member will have a Rating, that will be used as to calculate the retirement disbursements from that Fund, which automatically will be allocated to their TM Wallets.
  • PoW Performance Rating based on the tasks and ethic to be done by the members.
  • Team Management and Privileges, wherein there will be opened accounts for each Team Member combined with fair Privileges.
  • Project Management as a mayor component in the system, wherein comes the interaction between xDACs and the Team Members.

xDAC Client that integrates all DApps with Autonomous Agents. In the first phase after the ICO there will be built website and desktop APPs to make sure it will be linked with the xDAC Platform.

Furthermore the DApps will have the following components: Company Overview + Voting, Bylaws and Company Assets + Team + Project management + Wallet + List of xDACs with the info regarding all existing DApps.

Generally, that is the way the platform is set up. I would say, it’s a very innovative brave task the xDAC Team is destined to achieve in a short term, as you can take a look at the Roadmap:

Some useful links to xDAC ICO Ratings:

https://icomarks.com/ico/xdac

https://icobench.com/ico/xdac

Disclaimer:

This review is my subjective opinion and analysis, not investment advice.

 

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Responses

    1. Yanika Post author

      Thanks @dasvolk, for stopping by!

      I am been exploring for the last year many ICO’s, but few of them are that have grabbed my attention right away. This platform is one of the few selected!

      I see you just signed up here, wish you good luck!

      Dont forget to get your account + scatter open before 11.09, so you can earn double the tokens you might have by that time, as a free airdrop.

      Feel free to get in touch if you have questions.

      (2)
      1. DasVolk

        Thanks , yes i work at the moment to Create a Account on eostoolkit.io but is dont a easy task . My Problems are the Keys for the Regestry . If you want , can you make a good Posting Tread thats give the User a vision what they must do for a Account on this Site 😉 I want do this but i think you are faster as me ^^

        (0)
        1. TRUTH

          You can download the SCATTER Extension on CHROME Browser and create keys which you can link to an EOS account name. More than one PRIVATE key can be attached per account. It will show a spot for OWNER and ACTIVE, they may both be the same PRIVATE Key if you want.

          (2)
  1. GuyG

    I have also looked at XDAC, and it does look good on paper and in theory. I’m still not sure how a business can avoid local, state and national governance & tax regulations. Would like to see that happen however.

    (2)
    1. Yanika Post author

      GuyG we can start with the most Blockchain coutries, like lets say:
      Switzerland, Singapore, Estonia, Belarus, Malta, , Gibraltar, Korea, Japan etc.
      ( can check this article: https://bitcoinexchangeguide.com/top-10-friendliest-blockchain-countries-for-starting-a-cryptocurrency-project/ )

      So they will give an example to the others.Another case is the still slow adoption of blockchain in the governments and banking system, that is a game changer as well.

      (2)
  2. Yanika Post author

    Woow Truth @i-am!

    You made my day , just woke up, and when I read your comment, I was like woow! You read my thoughts!
    Of course who cares about the government, do we live in a zoo, nope, we are smart enough to interact freely between each other.
    I like your way of thinking, brave, pioneer, let it be a Free World, i.e Decentralized as fast as possible!

    I am sure that everybody can post its story of ” The pursuit of happiness” or my experience with the Centralized Systems, sooo many example, think just for a sec.

    Keep in touch buddy!

    (1)
  3. TRUTH

    WOW, this is an excellent find. I keep say (preaching) to everyone, “WHO CARES WHAT THE GOVERNMENTS THINK” ,,, after all we want our projects and businesses to live under the “VIRTUAL JURISDICTION”,,, not any of the old corrupt LAND JURISDICTIONS. FREEDOM baby ,,, FREEDOM !!!!

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