The biggest problem faced today in the world of economics and business expansion is the influence of governance, malicious third parties and local laws. Today decentralization is the buzz word and as companies seek to raise capital through various channels, streamline operations using the latest decentralized tech and establishing themselves around the world. The biggest threat that they face in this regard comes in the form of hiring local talent, cost of operations, taxes and government polices towards blockchain and decentralized technology.
Even though these new companies use the latest in the decentralized tech, they still fall prey to the perils of old world school business rules. They need to store information about employees, Partners customers and often, their whole accounting and banking is under surveillance. A recent example could be seen in India where several exchanges came under the government radar and had to either shell out valuable customer information, breaking the customer privacy code or had to move shop with new regulations coming in to place. The matter is now in the courts and may take years before it is resolved.
The above real-world example tells us how companies are vulnerable to governance and local laws. While the questioned exchanges must go through a legal process fighting with the government or have to shift base again, it is just a matter of time and a constant reminder how a centralized business model often tends to fail for no real fault of its own.
So what is the solution to this ever changing local government politics, laws and other region based problems. A new platform #xDAC ( www.xdac.co) now offers solution to all the three problems faced by the companies . It brings together all the three components, merges them, automates them and gives the company back the control so they can actually have a 100% control over how they want to be governed , what are their finances and team. Not only this the companies get to meet similar like minded company of entrepreneurs, teams and investors who can actually benefit from them.
What xDAC does is to help the owners create a transparent decentralized company that they can easily operate without the interference from external factors. They can manage their teams, tokens and other financial aspects. The data is all stored securely on decentralized ledgers. xDAC also offers automated arbitration and dispute resolution that will allow companies to move forward quickly without wasting time in dispute settlements.
So xDac may be an answer to the age old problem of sorting the fraud from the real thing. In the last year alone there were a number of cases where companies posing as ICO’s based on the Ethereum platform ran of with funds or declaring bankruptcy. xDAC not only solves those problems but also solves the dilemma for employees who are often paid via crypto currencies and are left to fend for themselves from exchanges that are the weakest point and are viable to attack in the whole chain. In the coming times platforms like xDac will be most sort after for a simple reason they solve what others are yet to see.
Am happy with the fact that the solution that your project is offering to crypto space includes taking into consideration employees who are paid in crypto .Even though these new companies use the latest in the decentralized tech, they still fall prey to the perils of old world school business rules. They need to store information about employees, Partners customers and often, their whole accounting and banking is under surveillance. A recent example could be seen in India where several exchanges came under the government radar and had to either shell out valuable customer information, breaking the customer privacy code or had to move shop with new regulations coming in to place. The matter is now in the courts and may take years before it is resolved.
The above real-world example tells us how companies are vulnerable to governance and local laws. While the questioned exchanges must go through a legal process fighting with the government or have to shift base again, it is just a matter of time and a constant reminder how a centralized business model often tends to fail for no real fault of its own.
So what is the solution to this ever changing local government politics, laws and other region based problems. A new platform #xDAC ( www.xdac.co) now offers solution to all the three problems faced by the companies . It brings together all the three components, merges them, automates them and gives the company back the control so they can actually have a 100% control over how they want to be governed , what are their finances and team. Not only this the companies get to meet similar like minded company of entrepreneurs, teams and investors who can actually benefit from them.
What xDAC does is to help the owners create a transparent decentralized company that they can easily operate without the interference from external factors. They can manage their teams, tokens and other financial aspects. The data is all stored securely on decentralized ledgers. xDAC also offers automated arbitration and dispute resolution that will allow companies to move forward quickly without wasting time in dispute settlements.
So xDac may be an answer to the age old problem of sorting the fraud from the real thing. In the last year alone there were a number of cases where companies posing as ICO’s based on the Ethereum platform ran of with funds or declaring bankruptcy. xDAC not only solves those problems but also solves the dilemma for employees who are often paid via crypto currencies and are left to fend for themselves from exchanges that are the weakest point and are viable to attack in the whole chain. In the coming times platforms like xDac will be most sort after for a simple reason they solve what others are yet to see.
I salute the team