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

Nuns, Nazis and New York complicating US crypto legislation hopes
U.S. President Trump's influence on the crypto market raises questions as Congress faces resistance in advancing the digital asset market...
June 24, 2026
UNESCO consults on fair pay for news in the digital age
UNESCO initiates global consultation on fair compensation for journalism amid AI and digital platform challenges, aiming to protect media integrity.
June 24, 2026
Advertisement
Advertisement