Allowing citizens to cast votes through blockchain ballots while abroad is one use case, although the issue of digital voting of any kind is always controversial. Storing healthcare and academic records on the blockchain is also an excellent use case, democtatizing access to services usually reserves for civil servants or private sector professionals.
Blockchain is Inherently Valuable
Blockchain is a valuable system that is currently enabling researchers to innovate and break new ground. The technology is the underlying protocol for thousands of cryptocurrencie, making it a vital partof the digital assets space – but how widely is blockchain being adopted?
Security Token Offerings
STOs are one of the areas of crypto guaranteed to show constant activity over the coming years, with economists predicting billions of dollars in revenue generated from the legally compliant system of tokenized fundraising.
STOs allow project teams to tokenize everything from art to luxury cars and real estate in the hopes that it will be resold at a higher price after accumulating value as a rare asset. Apartments in Manhattan have been sold for millions of dollars worth of cryptocurrency, and now citizens of all wage brackets can invest as opposed to millionaire accredited investors getting in early on all the investment opportunities.
While the SEC and other international financial regulators have made it clear that many cryptocurrency projects are non-compliant with securities law, STO teams have no need too worry about that. ICO fundraising has tapered off to near-extinction in recent times, but STOs are prepped to rise as the phoenix from the ashes.
While the SEC can seek prosecution from anyone who has invested in a crypto project even if they only decide it’s not compliant with securities law after the fact, security token offer an extra layer of certainty in bringing a degree of regulation to the hitherto unregulated crypto market.
The SEC’s acknowledgment that some tokens represent a share in a company is a game changer for the blockchain industry which is developing