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Blockchain and cryptocurrency technology can drastically improve the quality of your life.
Blockchain and cryptocurrency technology can dramatically improve your company.
Blockchain and cryptocurrency technology can obviously improve your organization.
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CRYPTO is the new internet money employing cryptography to enhance decentralization, security, and trust, designed to power the known web3; which is the next step of decentralization, openness and greater utility. WEB3 is leveraging the latest internet technologies such as blockchain, cryptocurrency, artificial intelligence, etc. Cryptocurrency also known as digital currency or virtual currency can be seen as a digital asset used to exchange for goods and services or in place of a contract. Since this digital asset is secured by cryptography, is nearly impossible to counterfeit or hack. In this context, crypto is built as a medium of exchange employing a computer network, and it does not rely on any central authority, like a government or bank.
BLOCKCHAIN is thought only as the technology behind Bitcoin and other cryptocurrencies. In fact, blockchain is more than that, since it refers to a programmable distributed ledger technology that allows you to record and transact things of value like medical records, financial data, etc. This time-stamped, permanent and verified record of transactional data called “blockchain” is made of connected data blocks to actually form the chain. A new data block is formed each time a transaction is added by means of cryptography.
In addition, blockchain is decentralized by design and distributed across a network of computers making data tampering difficult. It is unique because it creates trust in the data by their own consensus mechanism, thus you can trust each and every block on the chain. This way, detailed and transparent record keeping is possible because blockchain is auditable and verifiable. Finally, blockchain reduces intermediaries saving everybody valuable time and money in the process.
You will be able to digitize your company, meaning you will divide your assets into smaller fractions, called tokens. As a result you will have a whole new demographic of retail investors available to fund your project.
You will also be able to issue your first Security Token Offering (STO), with the following benefits:
- The issuance of a security token backed by real security such as shares will replace the bureaucracy and time-consuming processes of a public flotation and thus will replace the traditional IPO.
- Asset tokens will allow fractional investment at any time, since it is a 24/7 open market. Furthermore, there is the secondary market with the idea of making assets more dynamic and liquid.
- Tokenization will not be only limited to assets but also will include the tokenization of debt, which will be a viable alternative in certain cases.
A DAO is a community-led entity with no central authority. It is fully autonomous and transparent: smart contracts lay the foundational rules, execute the agreed upon decisions, and at any point, proposals, voting, and even the very code itself can be publicly audited. Bitcoin is generally considered to be the first fully functional DAO, as it has programmed rules, functions autonomously, and is coordinated through a consensual protocol.
DAOs need a set of rules to which will operate, a funding like tokens that the organization can spend to reward certain activities to their members, and also to provide voting rights for establishing the operation rules. So far DAOs are being used for many purposes such as investment, charity, fundraising, borrowing, or buying NFTs, all without intermediaries. So you can have a better idea, for example, a DAO can accept donations from anyone around the world and the members can decide how to spend donations.
DAOs envision a collective organization owned and managed by its members with all of them having a voice. Many analysts and industry insiders affirm that this type of organization is coming to prominence, even potentially replacing some traditional companies.
We're here to help with any questions you might have on CRYPTO, DAOs and blockchain, or just understanding this fast-evolving market. Either you are an INDIVIDUAL, DAO or a BUSINESS send us a message if you'd like to learn more !
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