NEO Global Development Looking Into Blockchain Securities
NEO Global Development (NGD) has announced its intent to begin exploring blockchain-based securities with the formation of its new Digital Asset Alliance. NGD’s Tamar Salant details of the initiative during an interview, indicating that the alliance will bring together several different types of organizations. But rather than jumping on the bandwagon, it seems that NEO is calculating its plans carefully.
A Long-Term Plan
Security tokens—crypto tokens which represent certain types of investments—have become a hot topic over the past few months, and NEO is not the only that has taken an interest. Ontology has an official security token standard; have also created a few . But unlike those projects, NEO isn’t rushing into releasing its own standard, at least not yet.
Instead, the Digital Asset Alliance will focus largely on exploring security laws at first. To do this, NGD will work with providers, law firms, and liquidity providers. Additionally, it won’t focus exclusively on the NEO blockchain. This gradual and exploratory approach is deliberate, as the initiative intends to produce a long-standing solution.
In any case, NEO can already be used to create security tokens (as well as regular tokens) thanks to its NEP-5 token standard. However, those who create security tokens on NEO must implement regulatory enforcement, such as KYC measures, at the smart contract level. By contrast, dedicated security token standards usually provide built-in KYC enforcement.
The Security Token Trend
This isn’t the first time that NEO has been part of the security token trend: NGD’s Johnson Zhao previously an interest in security tokens during an interview last November. Additionally, the NEO blockchain has already become the basis for at least one security token called .
More broadly, the security token trend has been revolving around two important issues. To proponents, security tokens could bring vast amounts of existing wealth onto the blockchain and unite blockchain tech with traditional finance. But to critics, the use of KYC to restrict security token movements is extremely exclusionary. The debate will undoubtedly intensify over the coming months as several highly-anticipated come to the forefront.
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5 reasons why a mainstream blockchain product is the next big thing:
All the buzz and noise about bitcoin in this last year has made me understand one thing: I must start earning in crypto. Maybe some of you readers are big, smart asses and you have your impressive portfolio of investments.
But I am in my early 30’s after a divorce that didn’t leave me much, I don’t even have the smallest amount to invest and enjoy this world of crypto and blockchain. I only have my skills, which I will tell you more about later, and I guess that like me- there are many, many millions out there in the world.
So, I went out searching for the perfect blockchain product, platform, or ICO, and I promised to myself (and to my new girlfriend that was impressed by my knowledge in crypto) that I’m not coming back without the perfect guide, and at least 1 or 2 findings.
As someone that studied and assessed the crypto and blockchain space deeply in the last year (one of my strongest abilities) and read almost every piece of information, watched all the leading Youtubers and Webinars in the crypto world and investigated dozens of startups in this sphere, or ICOs, I understand one thing; “The king is pretty much naked.”
So, I’m here to talk about the fact that most of the projects seem massive and unclear.
Most of these crypto projects don’t even have any existing products, and it all sounds so complicated. It’s exactly what I don’t need, and I recommend for you to follow my lead in getting involved in mainstream blockchain products. That is how I came up with the brilliant headline of this article.
After all, blockchain and crypto should make our lives better, open our lives to new opportunities, and really ease the transfer of payments and information. The accessibility level should be increased, so why the hell is it so complicated and not user-friendly? Why can’t I start earning in crypto tomorrow?
So, in this pile of noise and clutter, I definitely found some pearls of wisdom that made sense and fit the simplicity and rationality I was looking for. Two platforms that easily integrate crypto into daily life are Steemit and Vanywhere. Steemit is an existing content-driven medium that allows users to earn crypto for their submissions. If you have a knack for creating content, it could be a good platform for you. By submitting original work related to different topics, users can become of the community.
Secondly, Vanywhere is a soon to be launched skill-sharing platform that enables Skillers to earn in crypto, that is simplified and accessible, even for crypto beginners. Vanywhere has found a way to break the barriers of complicated entryways for cryptocurrency simply by creating a platform where you can share your skills in different verticals like cooking, styling, yoga, etc. All you need to start earning in crypto on the app are your skills or subjects that you’re very well informed about. Additionally, users can become part of the platform by seeking out “Skillers”, whether you need assistance from top travel influencers to cryptocurrency enthusiasts. The Skillers and users interact through live video, voice call, or chat, and Skillers are paid in digital currency. For instance, I have become somewhat of a crypto expert and I’ve also developed impressive cooking skills. Both of these skills are showcased on Vanywhere. Also, the app is seamless and has its own token called VANY which offer perks for users and rely on an ecosystem. The market capital for these products are out of this world, and I feel a bit embarrassed for not recognizing the potential beforehand. These platforms have found a way to bridge the gap between technology and crypto, and extend into functions of daily life.
To summarize, here are the top 5 ways that mainstream blockchain products will be the next big thing:
Anyone with a skill or marketable ability can start earning crypto
You don’t need to invest in cryptocurrency to actually start earning it
Easy, simple technology make the platforms efficient and user-friendly
Soft entrance to the crypto community with other like-minded users
Finally, something you can use and understand that doesn’t make you feel dumbfounded about this whole crypto, blockchain phenomenon
Simplifying and “idiot-proofing” these processes will make it easy for everyone to start earning crypto and expand into the world of digital currency. Blockchain products for dummies are the next big thing.
– The Vanywhere token sale will take place in Q1 2018.
– Steemit’s platform is currently available.
About the author:The author is a freelancer and a crypto-enthusiast who is interested in finding new ways to secure gigs and get paid in cryptocurrencies instead of fiat. Disclaimer:The statements, views, and opinions expressed in this column are solely those of the author and do not necessarily represent those of NewsBTC.
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