5.3.1. Why Use the DACG Framework?

Most transactions of an organization revolve around the following key drivers: profit maximization, manage complexities and costs, risk management, security and privacy. All efforts of an organisation would ultimately revolve around these three core mandates. However, maintaining focus on all factors and keeping all aspects in mind may be difficult, especially when trying to explore the feasibility and potential adoption of a new technology such as blockchains. Given this setting, our framework helps interested parties and organisations to keep the bigger picture in mind. Frameworks enable us to organize how we envision and communicate about ambiguous, new and complicated concepts. Thus, a proper framework at a higher level on the impact of blockchain adoption can provide clarity and purpose for interested stakeholders. Our framework has five main components: corporate governance theories, market mechanisms, blockchain impact, stakeholders and finally, at the centre, blockchain governance. The key themes in our framework are explained in detail below.
