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

Flat earth and fixing the real problem
Ty Everett says progress comes from a community that builds, collaborates, and stays transparent, proving through action that integrity draws...
December 9, 2025
Regulators flag stablecoin risks, banks seek stablecoin benefits
International financial regulators discuss the risks and rewards of stablecoins as banks join the evolving digital currency landscape.
December 9, 2025
Advertisement
Advertisement
Advertisement