In his presentation at the ICICT 2019, nChain Chief Scientist Dr. Craig Wright explains the concept behind decentralized autonomous corporations (DACs). The idea behind DACs is essentially not to allow centralization and have things in multiple areas, while also getting rid of failure points.

Click here to read the article in full.

Recommended for you

Disney, Universal, Warner Bros hit China’s MiniMax AI with suit
Disney, Universal, and Warner Bros. sue Chinese startup MiniMax, alleging its AI tool, Hailuo, stole Hollywood content in "brazen" copyright...
September 18, 2025
Bullish Global first earnings report; SEC unleashes crypto ETFs
Bullish Global reports Q2 earnings with an "adjusted net loss" of $6M and a new NY BitLicense, while market structure...
September 18, 2025
Advertisement
Advertisement
Advertisement