The future of bitcoin and other cryptocurrencies is blooming like anything since the beginning of 2017. In the mid of 2017, the Australian government has decided to use bitcoin as a form of digital payment for goods and services. It also said that there will not be any new taxes levied to these payments. In August 2017, Japan has also accepted bitcoin as a form of digital payment. More countries like Norway is also planning to introduce digital currencies into their payment system.
So, it is really a significant development for the cryptomarket to enter the real world. This kind of announcements has already really turned the focus of many institutional investors like banks, mutual funds etc towards bitcoins and other digital currencies. But, there is a major threat for the institutional investors to buy or sell cryptocurrencies from the traditional cryptocurrency exchanges.
Do you know what is that major concern? Security. Yes. Even though the exchanges use the latest technology like blockchain for processing the transactions, they are not highly secured. These exchanges may be the ideal solution for small-scale investors and speculators as their investment amount is limited. Also, the small scale investors will only have short-term investment plans as they expect profits in quick time. If they don’t get the expected profit, they will change their direction towards other areas of investment.
CyberTrust on the road
So our Managing Director and Co-founder, Evgeny Xata, has been very busy over the past fortnight heading to events and conferences around the world, speaking to crypto and meeting with all manner of different investors to get their views on our product and how we can make it even better.
In Austria, CyberTrust met with Outlier Ventures’ CEO, Jamie Burke, Condo’s, Daniel Horak, and 500 Startup’s CEO, Christine Tsai, amongst others. Whilst in Milan and Amsterdam we met with Cyber.Capital and Waarde Capital.
Meanwhile and Stateside, CyberTrust spent time getting to hear about the insights of crypto investors at the Block-Con 2017 in Los Angeles and others such as Bitfury Capital, Passport Capital, Greylock Capital and Sequoia in San Francisco.
At the conferences, our Managing Director gave a presentation that you can see here.
One thing that struck Evgeny Xata more than anything was the existence of crypto communities that hold different views depending on what city they are from and each city has their own specific vision for how crypto should develop.
Most of the larger funds that deal on traditional markets saw the promise in CyberTrust’s project: they see it as a real gateway for institutional capital to make it onto crypto markets. However, some crypto investors seemed less impressed by our idea, with some even arguing that crypto has no place for these types of investors and is about keeping power decentralised, whilst CyberTrust is proposing making an entry point for some of the most powerful institutions in the world.
CyberTrust believes that Blockchain Revolution will require trillions of USD in the form of new liquidity and investments. The only way we can finance this is if we reduce all barriers for institutional investors including titled ownership, risk free clearing, judicial & tax compliance, cyber security storage.
Help us finance the Blockchain Revolution and make cryptocurrencies into the trillion dollar mega market that it has the potential to become.
But, Institutional investors need some kind of highly secured platform that follows all kind of legal regulations. To address these concerns, CyberTrust S.A, a Luxembourg based company is developing a highly innovative securitization platform for the investment in bitcoins and other digital currencies. It is following an approach that is already proven and used by the renowned institutions like Forbes. The platform will be developed exclusively to meet the needs of the institutional investors. To get access to the platform, the investors need to hold a special token called CABS token that will be sold by the company during their token sale in November 2017. To get more information about the token sale, please visit https://www.cybertrust.io/
Definitely, you will have this question in your mind already. How is this platform going to provide better security for the digital currencies?The goal will be achieved by implementing the below concepts :
1.Cryptoderivatives — As raw cryptos are more tangible, the investors will buy derivatives of the cryptocurrencies from this platform as its value depends more on the value of the specific asset like a commodity, currency etc.
2.Offline storage — Software wallets are more vulnerable to hackers and other kinds of malware. To protect the assets, CyberTrust provides the option for storing the private keys of the assets in cold storage vaults developed and maintained by the leading vault supplier named Xapo. These vaults will be monitored on a 24/7 basis by a highly skilled team. For better protection, these vaults are physically located in sever undisclosed geographical locations where the internet access is forbidden.
3.Auditable ownership — The CyberTrust platform entitles the owner of the assets by creating and issuing a new ISIN (International Securities Identiļ¬cation Number) based security named GCN (Global Crypto Notes) which makes the trading completely legal.
When it was proposed and put to work, some lagers assumed without facts that the system lacks credibility, thus will not see the light of the day. This negative mindedness was also put to test when the creator of the Ethereum Blockchain, Vitalik Buterin wanted to incorporate the mainstream financial industry into the functionalities of the cryptocurrency market but there were issues brought to table. Some of the issues included Cryptocurrency does not have titled/auditable ownership, abnormal clearing and settling risks, there is no process of judicial recovery if something goes wrong along the line and of course the risk of theft through cyber security breach. In a quest to tackle the afore-stated and have a better investment opportunity via the crypto currency mechanism, I discovered https://www.cybertrust.io/, a platform that is proposing to tackle the challenges outlined above.
Cybertrust is a Blockchain-based cryptocurrency technology aiming to create a Global Crypto Notes that will enable owner of a GTC to have legal claim to his assets like BTC, ETH, BCH and so on. The platform will create three special purpose vehicles (SPV); one of each for BTC, ETH and BCH. Off-chain storage is provided by Xapo to secure the private keys of the underlying crypto assets in a specialized Cold Vault secure facility (ies), including insurance on all Hot Wallet Transactions. All Global Crypto Notes will each have a registered International Securities Identification Number (ISIN). All Clearing & Settlement for GCNs will be done by Clearstream, known as the “bank of banks”. To permit safe and regulatory compliant trade clearing SPV financials will be audited by Ernst & Young S.A., starting Q1 2018. The SPV administrator is a licensed Luxembourg entity Creatrust S.A.
To fuel the securitization of the tokens, the crypto asset-backed securitization ‘CABS’ will be created for the purpose of buying and holding derivatives, to make sells and arbitrages and create financial products. The CABS tokens offers two key opportunities; profit from the securitization premium and profit from unmet demand for securitized ETH and BCH. It will be issued as a standard ERC20 token on the Ethereum blockchain, supported by all ERC20-compliant wallets. The tokens will serve three major purposes in the platform i.e. It permits accredited investors purchasing Tokens to securitize major cryptocurrencies up to 35%+ bonus to the current BIT premium. Effectively, ITO participants can pay as little as a 6.3% premium to securitize 1 BTC, as opposed to paying a 84% premium to Grayscale; It provides the broader investing public with a tool to speculate on the size of this premium; It provides the broader investing public with a tool to speculate on the size of this premium.
Cybertrust is in partnership with Hogan Lovells, Arendt and Medernach, Creatrust SARL, Ernst & Young, S.A, Xapo GmbH, BanqueSYZ SA, BitfFury Capita and The Delahunt Group. To meet the objectives of the platform, ICO is out for offer to the general public in a bid to participate actively and explore the inherent benefits of the platform. To get firsthand information on the ICO and it paraphernalia, download ‘White Paper’ on https://www.cybertrust.io/CyberTrust-WhitePaper.pdf. During the crowd sale which started on 30th October, 2017, equivocally 19, 684.82 ETH has been raised with a softcap of about 25, 000 ETH. Crowd sales will end on 10th November, 2017 with 1 CABS going for 0.5 ETH. I have gotten my own CABS token!
Join our community :
You can also visit https://www.cybertrust.io to read a copy of the white paper and learn more about CyberTrust.
Author :
My Bitcointalk username: rezqiano
My Bitcointalk profil : https://bitcointalk.org/index.php?action=profile;u=1271152
My ETHERIUM Address : 0xBD40fE1dDEa0057D469b1c1Ac74637279F9056F5
Tidak ada komentar:
Posting Komentar