ZenCash takes the next step in decentralization with their Treasury System

Together with research and development partner IOHK (Input Output Hong Kong), ZenCash is building a Decentralized Autonomous Organization (DAO) treasury system. IOHK and Lancaster University collaborated on a prototype for this system with the importance of community-based funding decisions in mind.

Currently, ZenCash (and a lot of other cryptocurrencies) still has a single core team managing expenses and decisions. This single point of failure can be a big risk when, for example, governments start to clamp down on privacy coins. A decentalized treasury model will give anyone the ability to submit a proposal on improving the ZenCash platform.

Source: ZenCash blog

Votes will be weighted according to stake and will be cast privately. If you want to read more about the technical details of their prototype treasure system, have a look at their research paper.