While the abundance of hype surrounds the capabilities of blockchain technology, its ability to transfer capital using tokens as digital titles has been demonstrated.
Doctors Ventures, the main blockchain and subsidiary accelerator of Overstock.com, Inc., has successfully conducted a transfer of digital securities tokens representing its holdings in Chainstone Labs, a company focused on digital securities and decentralized asset management.
"As we focus on securities tokens, it is only natural that we have a digital equity security in our company. The ease of moving digital titles has the potential to change the way the economy works. Global. & nbsp; Doctors Ventures has the operational skills to help us pursue this market, "said Chainstone Labs CEO Bruce Fenton, which also owns Atlantic Financial, a full-service investment company and the Satoshi Roundtable, a meeting of industry-leading members only.
Medici Ventures bought a 29 percent stake in Chainstone Labs for $ 3.6 million. Digital security was issued by Chainstone Labs using the Ravencoin blockchain, open source, public blockchain created specifically to help users create and manage tokens and digital resources such as titles.
"Ravencoin is an ideal protocol and chain to use for this security token.The aim of Ravencoin is to do one thing and do it well: to help users to release tokens and digital resources in a safe way. in particular, securities tokens are a promising area for blockchain technology, "Fenton noted.
While the stock token is not offered to the public, the transaction has been transmitted in real time, shows the simplicity of capital transfer using tokens as digital titles. This is also revolutionary because the Chainstone digital security token is one of the first stock tokens issued using a public blockchain, which is also believed to be the first major security token issued on the Ravencoin network.
Moreover, Fenton emphasizes that the transfer of digital titles is one of the few cases of use in which the application of blockchain technology actually makes sense.
"I think the blockchain technology has shown that it is very good at moving things of value around without requiring a reliable third party." Of course, this may be true for many applications, but I think the titles are one of the leading cases. use here. "
According to Fenton, the reason why it is difficult to own and move actions is currently due to the way the records work.
If you want to have something that really trades freely in the world, it generally must be traded publicly. For example, in America it is necessary to be in a completely registered exchange with the SEC, which is quite difficult. Stocks can also move legally, but there is a problem with the ledger behind all this. The reason that you do not typically hold $ 100 of shares in a local restaurant is probably due to the difficulty of keeping the ledger. But the blockchains change all that, thus making a broker or company that does not need to run a ledger. Rather, the ledger is managed by people in a distributed way. This has an incredible potential to change the way actions move in the world, "Fenton explained.
Changing the global economy
In addition to demonstrating the use of the digital security token transfer blockchain, Jonathan Johnson, president of Medici Ventures, believes that the company's investment in Chainstone Labs is a step in the right direction to change the technology. global economy.
Chainstone Labs shares the same vision of Medici Ventures, which is blockchain is the future and using it to make transactions faster, safer and completely transparent will change the world, "said Johnson." Our mission is to use the blockchain to democratize the capital, eliminate the intermediary and re-humanize trade. We believe our investment in Chainstone Labs represents a huge step forward in this mission and will help change the global economy landscape. "
And according to Fenton, the goal of Chainstone Labs is to help people recognize a new world of securities, especially equity, and help manage money in revolutionary ways. In particular, Fenton emphasizes that voluntary risk can now be shared through a blockchain network.
I believe that blockchain technology has the potential to change the way actions and actions currently work. The economic impact could be as significant as the Internet, as it could change the way people interact and value value. For example, if you think in terms of shareholder value, distributed ledger technology improves one of the biggest things that actions do, which helps people share risk voluntarily. If we can ensure that equity moves better and is transferred around the world, we can completely change the world in the sense of how the economy works. "
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While the abundance of hype surrounds the capabilities of blockchain technology, its ability to transfer capital using tokens as digital titles has been demonstrated.
Doctors Ventures, the main blockchain and subsidiary accelerator of Overstock.com, Inc., has successfully conducted a transfer of digital securities tokens representing its holdings in Chainstone Labs, a company focused on digital securities and decentralized asset management.
"As we focus on securities tokens, it is only natural that we have a digital equity security in our company. The ease of moving digital titles has the potential to change the way the economy works. Overall, Doctors Ventures has the operational skills to help us pursue this market, "said Chainstone Labs CEO Bruce Fenton, which also owns Atlantic Financial, a full-service investment company and the Satoshi Roundtable, a meeting of industry-leading members only.
Medici Ventures bought a 29 percent stake in Chainstone Labs for $ 3.6 million. Digital security was issued by Chainstone Labs using the Ravencoin blockchain, open source, public blockchain created specifically to help users create and manage tokens and digital resources such as titles.
"Ravencoin is an ideal protocol and chain to use for this security token.The aim of Ravencoin is to do one thing and do it well: to help users to release tokens and digital resources in a safe way. in particular, securities tokens are a promising area for blockchain technology, "Fenton noted.
While the stock token is not offered to the public, the transaction has been transmitted in real time, shows the simplicity of capital transfer using tokens as digital titles. This is also revolutionary because the Chainstone digital security token is one of the first stock tokens issued using a public blockchain, which is also believed to be the first major security token issued on the Ravencoin network.
Moreover, Fenton emphasizes that the transfer of digital titles is one of the few cases of use in which the application of blockchain technology actually makes sense.
"I think the blockchain technology has shown that it is very good at moving things of value around without requiring a reliable third party." Of course, this may be true for many applications, but I think the titles are one of the leading cases. use here. "
According to Fenton, the reason why it is difficult to own and move actions is currently due to the way the records work.
If you want to have something that really trades freely in the world, it generally must be traded publicly. For example, in America it is necessary to be in a completely registered exchange with the SEC, which is quite difficult. Stocks can also move legally, but there is a problem with the ledger behind all this. The reason that you do not typically hold $ 100 of shares in a local restaurant is probably due to the difficulty of keeping the ledger. But the blockchains change all that, thus making a broker or company that does not need to run a ledger. Rather, the ledger is managed by people in a distributed way. This has an incredible potential to change the way actions move in the world, "Fenton explained.
Changing the global economy
In addition to demonstrating the use of the digital security token transfer blockchain, Jonathan Johnson, president of Medici Ventures, believes that the company's investment in Chainstone Labs is a step in the right direction to change the technology. global economy.
Chainstone Labs shares the same vision of Medici Ventures, which is blockchain is the future and using it to make transactions faster, safer and completely transparent will change the world, "said Johnson." Our mission is to use the blockchain to democratize the capital, eliminate the intermediary and re-humanize trade. We believe our investment in Chainstone Labs represents a huge step forward in this mission and will help change the global economy landscape. "
And according to Fenton, the goal of Chainstone Labs is to help people recognize a new world of securities, especially equity, and help manage money in revolutionary ways. In particular, Fenton emphasizes that voluntary risk can now be shared through a blockchain network.
I believe that blockchain technology has the potential to change the way actions and actions currently work. The economic impact could be as significant as the Internet, as it could change the way people interact and value value. For example, if you think in terms of shareholder value, distributed ledger technology improves one of the biggest things that actions do, which helps people share risk voluntarily. If we can ensure that equity moves better and is transferred around the world, we can completely change the world in the sense of how the economy works. "