14. May 2019BTC$8.015,00 3.63%part Facebook Twitter LinkedIn xing mail
Forbes-author Rachel Wolfson reported on the 13. May from the participation of Charles Hoskinsons as "Co-architects" of the Polymesh. Hoskinson is a co-founder of Ethereum and co-founder of Cardano. Polymath is also considered to be the leading Security-Token-platform. Together, the crypto-developer, created a platform that allows different STO-financing, taking account of their regulation under one roof.
Polymesh is planned as a "new Security Token Blockchain the front level. It is aligned to the needs generated to the specific needs of the Security Token and its specific basis. We want to bring to initiators, investors and regulators together,“ revealed Trevor Koverko, Co-Founder of Polymath, Wolfson on the sidelines of the Consensus 2019.Polymath plans to own Blockchain
at the moment, Polymath is still working on Ethereum-based, but seeks the development of an own Blockchain. The reason for this is Ethereums lack of traceability and Censoring. What is an advantage of this Blockchain, is with regard to the needs of a consolidated and secure STO system so as to be a hindrance. Government regulations, Security concerns and privacy regulations require, however, a network structure, it is possible for transactions to freeze or undo.STOs – The new star on the capital market in the sky?
Security Token are fully regulated and tokenized assets with a clearly defined investment objective. As a Quasi-development of the Utility Token (ICOs) comply with STOs in order to the rules of the parent securities regulators. For this reason, the authorities shall authorise the Security Token in the rule – so they are legal financial products in a Blockchain-based. As such, they can be especially small and medium-sized enterprises for the generation of capital beyond the classical stock market courses.
Since ICOs, after numerous cases of fraud are increasingly discredited, STOs as a safe investment method in the crypto area. A user-friendly STO Interface with its own security standards and investment opportunities that exploit the new regulatory conditions, would also be an asset to the crypto scene and is a future-oriented financial market project.
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