Re: [ANN] Equibit - A Peer-to-Peer Electronic Equity System

Saw this thread in the Iconomi thread Grin

Same as Iconomi?

No, it does not look like it. This appears to be an attempt to have a share settlement and registration system.
Securities exchanges are more likely to explore this on their own as the ASX is doing IMHO.

http://www.smh.com.au/business/markets/asx-working-on-industrial-strength-blockchain-platform-20160927-grp9gu.html

That was my first thought as well. Why would they use a 3rd party system they have no control over.

I'm out of this one. But I will probably buy when it hits exchanges.

We have no relation with ASX, we are not using third parties.

No you would be a third party.

The point was ...who would use your system??

actually the point is who trust this project , team should discuss the technology but not money money money ..

Companies would issue their own stock over the Equibit blockchain and would have control over the structure and dividend schedule of their own stock.

We would not be a third party as we are NOT between transactions. Moreover we do not hold signed EQB for any issuing companies unlike clearing agents or depository trusts.

Sure...you can argue that rather than a Trusted Third Party we have a decentralised network secured by cryptographic proofs. But, the Know Your Client ans Anti Money Laundering requirements will require some centralisation.