New Protocols for old Asset Classes
▻https://hackernoon.com/new-protocols-for-old-asset-classes-4f1a8a18a0b7?source=rss----3a8144eab
A conversation with Consensys’ founder and CEO Joe Lubin and the Consensys CSO Sam CassattIt seems like a no brainer that, eventually, financial assets will become fully digitalized. #automation will significantly speed up bureaucratic processes which are done today by office clerks. #blockchain protocols will step into their place to govern a financial system not too dissimlar from today’s. Joe Lubin and Sam Cassat talk about how such a new infrastructure could look like.Marlene: Initial Coin Offerings (ICOs) have become a popular way for blockchain startups to pull off huge financing rounds with little effort compared to traditional VC funding. Companies issue their own utility token which investors buy for future services. In the eyes of the SEC, however, coins like this are securities. (...)