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Talking About BOT Controlled Companies: Enter XDAX. - Investment - Nairaland

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Talking About BOT Controlled Companies: Enter XDAX. by reversedrolez: 1:08am On Jun 13, 2018
Imagine a possibility of companies being run free from scrupulous tendencies, unruly regulations (ironic right?), malicious tendencies and the other dark parts of human behaviour. Instead, the company is being run by a decentralized BOT (no human bosses right and this makes it ultra-unsusceptible to cyber-attacks) on a blockchain fully equipped with a proof of work mechanism (POW), internal autonomous agents, a comprehensive governance tool and an innovative support system. The system supports operations like raising funds through Initial Coin Offerings(ICO) and streamlining through the blockchain. XDAX coin seeks to achieve this with very innovative approaches leveraging on blockchain technology. Its main features are:
An Automated Dispute Resolution Platform

Here the operations of the company are not blindly entrusted to any single individual, but rather responsibility is "shared" by multiple clients and operators on the peer-to-peer networks and a ledger of operations is available for all to see. This might seem brilliant, but in my own opinion, such "openness" is an invite for espionage, but that can be easily resolved with a complicated Identification Process, but convenience may have to be sacrificed.

Full Control over administration, the team and the finances

These 3 components are aggregated in one place and automated allowing for easy access to both staff and customers, benefiting both parties by the degree of transparency shown. However, sometimes confidentiality is critical in business transactions and interactions and in most cases, a BOT cannot just give that.
Internal Autonomous Agents
A central goal of XDAX is to create internal autonomous agents which deliver services to companies that are otherwise traditionally sourced outside. These agents deliver solutions which can be assessed in-house as against time consuming reviews if external human hands were contracted. The pay is on performance basis delivering more efficiency for the contracting company compared to subscription models where companies are still being billed even after receiving below par service.
Architecture of XDAC
The architecture of XDAC is an ecosystem of different layers of technology strategically connected together. These are: The EOS platform, the XDAC core platform and the XDAC Client Platform. The EOS platform is an advanced smart-contract blockchain platform distinguished by its wide range of compatibility with various developers, its advanced scalability that allows it to perform tens of thousands of transactions per second, and its feeless services.
The XDAC Core Platform is the smart contracts layer which is open source creating an environment for decentralized applications and the autonomous agents to be built upon. These applications and autonomous agents and applications will be governed on the platform to ensure they meet certain standards while at the same time generating funds through their performance fees. The components of the XDAC Core Platform which enable these objectives to be achieved are;
1. XDAC Account Types: the new XDAC accounts for company owners and can add team members, issue tokens as well as perform other functions to manage their XDAC accounts; the Team Member accounts designed for employees, contractors, or autonomous agents, freelancers which can recruit new members or hire the services of various BOTS into their team; The Investor Account which have access to databases of public XDACS, productivity reports, financials and obtain the privileges of voting power.
2. Identity Management: these controls the processes needed to issue, authenticate and validate identities to members on the platform.


stay tuned for more

However the big question is: can you trust your money as an investment to be handled and managed to profitability by a BOT?
Truly the future is here.
For more information about xDAC
check out www.xdac.co;

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