Why Blockchain Assets
“Satoshi Nakamoto” introduced the world to the concept and structure of a “blockchain” in late 2008 in the whitepaper for “Bitcoin: A Peer-to-Peer Electronic Cash System”.
A core technological breakthrough described was the design of a public database illustrating the full history of the ledger, continually updated and distributed amongst users incentivized to cooperate, grow, and form consensus on the state of the network using a built-in currency & issuance system.
In the following years, the innovative & disruptive vision proposed in the paper inspired many to contribute to the open-source codebase – and many to start working on their own extensions and alternative versions of the software.
“Blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole.”
- Bob Greifeld, CEO, Nasdaq
The idea of a decentralized, global payment network with low cost and settlement time has profound implications across the world-wide financial system in areas like cross-border remittance, transaction processing fees, and securities settlement.
Abstracting away from solely the financial sector, the transparency and integrity of data on a blockchain may transform broad industries and standards in areas like record keeping, law, identity management, auditing, application development, and much, much more.
Fundraising, corporate formation & governance, asset representation, contract & agreement structuring, and the traditional thought processes associated with each are rapidly being challenged, questioned, re-thought, re-approached, and re-structured because of the spark ignited by the concept of a blockchain, and we are now at the forefront of a huge new wave of resulting innovation.