Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving regulatory challenges with public infrastructure around identity, compliance, confidentiality, governance, and settlement.

Polymesh

The year 2019 is coming to an end, and the blockchain hype seems to be slowly dying as well as the crypto bubble. But is it really dead or maybe now it has to offer even more than it had in 2017 when the total market capitalization of crypto was near $800 billion? In reality, it was something like a great purge for many unprofessional projects. Without investors throwing money at them, they died, like dotcom bubble projects before them. The general audience begins to understand that the blockchain technology isn't something that makes everything it's applied to revolutionary. It has its own applications, where it can shine, such as finances and supply chains, but also there can be many occasions where blockchain is totally unnecessary. For example, maybe creating a decentralized network for isn’t such a good idea? dentists Now we can clearly see what the next year is going to be like. It’s gonna be a great demonstration of everything that matured blockchain technologies have achieved so far. Let’s start slowly. Scaling for everyone Since 2016, blockchain scalability is an issue that prevents global adoption of the technology. How can we take seriously a network that even a moderately popular game? Since then, we have seen many new blockchains that call themselves “Ethereum killers”, but so far, EOS or Tron haven’t got as many developers as Ethereum did. So, the general audience waits for Ethereum scaling, and it’s very close. Currently, there are several projects that should help Ethereum scale. cannot handle The first one is the main Ethereum 2.0 project, with Proof-of-Stake and sharding. The transition presumably in the third quarter of 2020. The merging of the old chain into the new one will take some time, maybe even years, but eventually, it will become one chain. It will be a huge improvement, and the transaction speed of the network will increase to thousands of transactions per second, that means that more developers and companies will be able to launch commercial dapps on it. will happen Another solution is the second layer, Plasma. Currently, the most viable project, working on Plasma, is OmiseGo, which is pretty close to launching it on the mainnet. The project went through various stages, from Pre-Alpha to Beta, undergoing code audits from Callisto, Quantstamp and Chainternals. Now almost everything is working, the integration with Ethereum is complete, and the white label wallet is already done. There are many large companies that are planning to use OmiseGo framework - Shinhan, Nomura, Burger King, blockchain startups Hoard, Cred and Brave. Plasma technology will allow anybody use blockchain network, secured by Ethereum blockchain, with almost no costs, with throughput of thousands of transactions per second. A true scaling for Ethereum, that will bring the adoption to the network. Another scaling project, this time for Bitcoin, is Lightning Network. In 2020, we’ll see an increased activity in the network, and the overall number of applications, using it, is also likely to increase. Decentralized finance DeFi is a new paradigm, alternative to the existing financial banking system. It includes many projects, such as lending platforms, platforms for security tokens issuance, and decentralized banks. Among lending platforms we can name , which is already fully functional now. On SALT, you can pledge your cryptocurrency and receive a loan in USD, paying a certain interest until you pay it off. It’s a great option for miners, who believe in the future growth of the market, but still need some fiat to maintain their operations. Also it’s a great option for investors, that can store their crypto while using the value of their portfolio for other goals. In addition, that’s a possibility to leverage your portfolio by taking a loan, and buying more crypto to profit twice on the growth of your assets. SALT Security token issuance is the specialization of Polymath. They allow any company to register and issue special ST20 tokens on Polymesh blockchain. It’s an alternative to all existing ways of issuing and storing stocks, and in the future, the amount of tokenized assets will continue to grow, as it’s more cheap and almost absolutely secure. Such exchanges as Malta Stock Exchange already look at tokenization with interest. Crypto banks are one of the most numerous categories in DeFi. Some people might think that it’s better to use only the reliable wallets instead of any banks, and never touch any intermediary parties. Yes, you can , but you have nothing to worry about if you use crypto banks, as they also provide a decentralized service, that doesn’t require you to send them your crypto. One of the famous crypto banks is , located in the European Union. It supports both BTC and ETH, and supports debit crypto cards, like an ordinary bank. store Bitcoin in your wallet Bitwala Stablecoins Stablecoins are just another part of DeFi trend, but they are very important, so we’ll make them a separate section. Tether is still the king, but many other stablecoins threaten its position. TrueUSD, HUSD, DAI, USDC and such projects as Libra get more recognition, being more transparent than their USDT predecessor. Stablecoins serve as a bridge between cryptocurrencies and fiat currencies, and their role is very important in a global adoption - as not many people can handle the volatility of cryptocurrencies. Private enterprise blockchains We already see such companies as Walmart and Carrefour using blockchain in their supply process. In the year 2020 we’ll see the growing demand for similar solutions. IBM is one of the leaders in this sphere with its Hyperledger solution. According to its estimates, it has already integrated Hyperledger into the business processes of more than 1,000 companies. Private blockchains are a more convenient form of the database for any large commercial company, as they combine all benefits of blockchain technology, but don’t require to share all sensitive commercial information with everybody, instead giving the option to give permissions and choose who’s able to see it. Blockchain on Post-Quantum Era When it comes to blockchain and quantum computing, we can find some blockchain-related weaknesses. Blockchain works on the idea of connected nodes that can interact with each other to make critical decisions. The lack of a centralized entity opens up many possibilities. To ensure that blockchain remains secure, many protocols are implemented, including the consensus algorithm. These consensus algorithms make sure that the whole network is counterfeit-resistant. The current generation of blockchain networks is capable of defending the 51% attack most of the time but can fail when quantum computing comes in. Projects like are working on this problem. QAN is a quantum-resistant blockchain platform powered by blockchain fintech brand Centrum Circle. QAN uses Lattice cryptography, making it resilient to quantum attacks that could become possible within the next five years, and which all major crypto networks are vulnerable to. The platform also aims at minimizing its energy consumption by using their unique Proof-of-Randomness consensus algorithm. QAN Conclusion Overall, the year 2020 will be more interesting and less depressing than 2019. It’s possible that the bear trend on the crypto market will end, igniting the interest of the large audience again. That will bring more adoption to the blockchain technology, which is now a lot more mature than it was in 2016-2017. DeFi, private blockchains, stablecoins, and scaling - those will be the main topics of the next year. If the global crisis won’t crash all market, the next year is going to be exciting. The author is not associated with any of the projects mentioned.

Blockchain Field Review - What We Should Expect in 2020?

The Next Evolution of Security Tokens Networks and Blockchains One of the existential debates in security tokens is what I often refer to as the generalists versus specialists debate. You’ve heard the arguments before: …The potential answer to those questions are the foundation to different school of thoughts in the crypto ecosystem and they permeate over all sub-segments of the industry. In the case of security tokens, we are starting to see versions of these existential crypto-debate: will we have one cryptocurrency or many? One blockchain or many? Public or permissioned? · Will we have blockchains specialized on security tokens? · Will security tokens work on public or permissioned blockchains? · Should we build specialized security token networks? · …. It is extremely rare to see such a small technology market with such fragmented schools of thought. Part of the issue is that the security token market has involuntarily inherited some of those debates from the parent crypto-ecosystem. In the case of security tokens, the fragmentation debate expands across all layers of the ecosystem. Specifically, the digital securities market is venturing into a phase in which we are likely to see the emergence of tier 1 blockchains, tier 2 network in addition to the large number of existing security token platforms. Blockchains, Networks and Tokens A simplistic view of a technology market is a two layer structure with an infrastructure tier and an application tier. In that model, the infrastructure tier provides the generic building blocks for applications in the space while the applications tier enables domain specialization. In reality, technology markets are much more complex with several levels of infrastructure needed before we achieve any relevant specialization at the application layer. In the case of security tokens, the current ecosystem can be modeled in three fundamental layers: · The infrastructure that provides the consensus, transaction validation and ownership transfer protocols for security tokens. Blockchains: · Tier 2 infrastructure block that abstract the interaction between relevant parties in a specific digital securities transaction. Networks: · Specific security tokens or applications that leverage the other infrastructure tiers. Tokens & DApps: While security tokens started mostly as a variation of the Ethereum ERC-20 tokens, in just a few months we have seen aspiration projects like PolyMesh and Ownera evangelize the need for a security token blockchain and efforts like Provenance gain some traction for the implementation of security token networks. If that trends continues, we are likely to see an increasing level of fragmentation across different areas of the stack. Even though we are in the very early days of the digital securities markets, some of the fragmentation is already visible and has open the door to interesting possibilities in the near future: Ethereum for All The most adopted approached among security token technology providers is to leverage Ethereum as the main blockchain runtime. Ethereum brings numerous advantages to digital securities including programmability, a rich ecosystem of protocols and tools and a growing developer community. However, leveraging a public blockchain for regulated securities introduces serious challenges in areas such as privacy, access control and scalability. Many Blockchains, Generic Security Token Platforms As security tokens evolved, we are witnessing an increasing interest of Ethereum competitors to enter the space. Public blockchains such as Cardano, Algorand or Tezos as well as permissioned alternatives such as Quorum or Hyperledger Fabric have slowly started initiatives related to digital securities. In that setting, we can envision security token platforms that enable blockchain-specific protocols but provide a consistent tooling and token lifecycle management stack. Consistency might be a strong advantage of this model. However, there is only so much that you can abstract from different blockchains without sacrificing functionality which might be the biggest drawback of this approach. One Blockchain, Many Networks The concept of security token networks such as Provenance or Ownera built on top of tier 1 blockchains seems to be gaining some traction although we still need to see in practice at a decent scale. This model seems to be more applicable to permissioned blockchain architectures such as Hyperledger Fabric or Quorum. If we assume that there will be a dominant blockchain for security tokens powering several networks for different digital securities products. The domain-specialization of security token networks makes it an interesting approach for creating long-tail network effects for security tokens. However, security token networks are still dependent on the dynamics of the underlying blockchain which introduces interesting challenges from a technical standpoint. Many Blockchains, Many Networks The previous model can evolve into a scenario in which we have many tier 1 blockchains and tier 2 security token networks across the entire ecosystem. This model inherits of the challenges of the previous approach in an even more fragmented ecosystem. Hybrid Security Token Networks I am very intrigued by the concept of security token networks that operate cohesively across public and permissioned blockchains. Similarly to the hybrid cloud model in cloud computing platforms, this approach could have nodes in a security token network operating in public blockchains like Ethereum or in permissioned alternatives such as Quorum. The clear advantage of this model is the combination of the privacy and access control capabilities of permissioned blockchains with the wide access and programmability of public blockchains. A Security Token Blockchain The idea of a blockchain specialized in digital securities is as intriguing as it is questionable. In the past, I’ve written several articles about the arguments in favor and against a security token blockchain. Regardless of which side of the argument you sit on, we can all agree that security token blockchains might become a step in the evolution of the market. The Capital Access Challenge Most of the topologies outlined in the previous sections remain highly theoretical exercises without a viable path to market. Access to capital remains one of the biggest obstacles for the next phase of the infrastructure in security tokens markets. The implementation of security token blockchains and networks is a capital intensive exercise from both the technological and go-to-market standpoints. Until venture money starts flowing into the security token space, the infrastructure efforts will be led by a handful of companies that have better access to capital markets. Similarly, if venture investments in the digital securities space continue to be this moderated, the early infrastructure building might be able to gain a significant competitive advantage that will be really hard to disrupt. By now, its pretty clear the we are moving beyond the Ethereum phase in the security tokens market. The next iteration of the market will bring Ethereum competitors in the ecosystem as well as the implementation of the first set of security token networks and blockchains. However, with limited interest from the venture community, those efforts might remain constrained to a small number of well capitalized companies. <a href="https://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/href">https://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/href</a>

Moving Beyond the Ethereum Phase of Security Tokens

Is Polyester a Sustainable Option? - ÀLA.HAUSSE As a company with sustainability goals in mind, ÀLA.HAUSSE considers the global plastics issue of significant concern. The Earth is absolutely riddled with billions of empty bottles, plastic bags, disposable cutlery, and all other kinds of easy-to-use, convenient items. According to the , there is 8.5 billion tons of plastic on the planet, 6.3 billion of which is trash (the equivalent of 55 million jumbo jets!). Environmental Protection Agency Convenience, Plastics, and Polyester Our relentless need for convenience is no doubt the culprit behind this plastic epidemic. Convenience is key to the modern age, and plastics solve most issues related to convenience. If you’re on the go and you need something quick (which is just about everyone on the planet), a plastic item is likely within arm’s reach to provide that service. This is why synthetic fabrics like polyester became so widely popular; convenience. Polyester is strong. It can be washed again and again, and it doesn’t wrinkle. It has a high resistance to stretching, shrinking, abrasion, mildew, and moths; problems that have plagued wearers of natural clothing fibers for thousands of years. It is no wonder that polyester is now the most widely used modern fabric in the world, accounting for 80% of the synthetic fiber market and over 50% of the entire clothing market. Persistent Polyester and the Microplastics Predicament After 80 years of dominating the clothing industry, polyester has found itself in a bit of a sustainability conundrum. Because of its plastic nature, polyester fabrics don’t degrade in the same timeframe that a natural fabric would. In fact, a polyester shirt at best may degrade within 20 years, but at worst, it could take as long as . 200 years This is a problem for the health of not only the planet but our own health as well. Despite their seemingly eternal characteristics, polyester items slowly break apart into small bits of plastic known as . These practically invisible bits of plastic are then accidentally ingested by just about every animal on the planet, including ourselves, through the air we breathe and the food we eat. Extended exposure to these microplastics has been shown to be linked to inflammatory lesions, neurotoxicity, and in humans. microplastics increased cancer risk Essentially, microplastics are the modern asbestos, except the issue isn’t contained to buildings requiring insulation, it’s everywhere. This begs the question, is polyester really worth it? Advantages of Polyester Given its lengthy shelf life, polyester does have its advantages from both a sustainability and a convenience standpoint. It lasts long, which would mean that it’s less likely to be thrown out. It is also more likely to be passed along, as it would be in relatively good condition by the time the average person would lose interest in it. However, long shelf life is not always a good thing in the long run. That clothing item may be passed around for 10 years, but within 100 years, when its pieces are immortalized as microplastics scattered to the wind, they’ll still persist and will still be causing issues. And yet, polyester seems to redeem itself in its extreme versatility. Depending on the way it is manufactured, polyester can appear and feel like silk, cotton, linen, or wool. As such, It is used in many different kinds of apparel, from loungewear to evening wear to winterwear (polyester is an excellent insulative material). This takes the pressure off these other fabric industries to sustain the consumer’s need for clothing items, thereby reducing their environmental impact on the planet. Reduce, Reuse, Recycle Polyester Polyester is also recyclable. It can be made from plastics like bottles and other containers that would otherwise become trash. Known as rPET, recycled polyester can be processed into just about anything. For example, it only takes to produce one extra-large polyester t-shirt, and according to the Swiss Federal Office for the Environment, the process is 59 percent less energy-intensive than virgin polyester. five soda bottles Nothing Lasts Forever…Or so we Thought However, the issue with most recyclables is that every time the plastics are reused, the synthetic fibers lose their integrity. This results in an end product that is of less quality than the original it was derived from. Amazingly, 100 percent of polyester items may one day circumnavigate this problem and become fully recyclable without losing their integrity. As , a non-profit in the fiber and materials industry, explained on their website, “garments from recycled polyester aim to be continuously recycled without degradation of quality.” Textile Exchange Most polyester clothing items are a mix of both polyester and natural clothing fibers, like cotton. This makes them only recyclable via the more expensive method of chemical separation, rather than mechanical. Perhaps at some point in time this process can be streamlined and transformed into an efficient, closed-loop system, As for now, polyesters remain a significant burden on the plastics issue, both micro and macro. The Double-Edged Sword that is Polyester And not unlike our mastering of the atom, nuclear energy, and the nuclear bomb, so too the invention of polyester has its positives and its negatives. This is no hyperbole. The global plastics issue is not one to be underestimated and should be considered as disastrous as a nuclear explosion. But ÀLA.HAUSSE faces these issues like any other; with the foreknowledge that change can be achieved if the individual changes. It is up to all of us to alter our own so that they are more sustainable, consumer and provider alike; only then will we see the results we require. purchasing habits

Polyester: A Sustainable Option?

“Accept the things to which binds you,” wrote Marcus Aurelius 1,900 years ago. fate For founder Trevor Koverko, in car accident while in his 20s. Eight years ago, Koverko’s vehicle got smashed by fully-loaded truck, a major collision that led to brain injury and disability. Polymath fate almost meant dying — he believed at the time — involved playing for NHL’s New York Rangers, which drafted him in 2005. But with temporary paralysis on left side of his body, such hopes were dashed on that in 2011, and portended an . Destiny fateful day uncertain future “At that point, I was forced to reinvent myself and find a new purpose,” tells Hacker Noon. “And that’s when I discovered entrepreneurship and later crypto.” Trevor Koverko A Shift in Focus Relentlessness can find different ways of expression; such as intellectual pursuits. The Canada native spent time in , learning about software, investing, and monetary policy. Economic discussion at the time involved moral hazard of financial institutions, as well as, regulators’ failure to prevent the 2008 Financial Crisis. Silicon Valley and Wall Street Cryptos are at intersection of computer science, economics, and game theory. Koverko began to embrace — attending cypherpunk gatherings that increased awareness for a budding revolution led by anonymous entity Satoshi Nakamoto. decentralization and programmable money It was also an opportunity to . During this time, he founded, participated, and invested in online businesses — and used proceeds to start a private equity fund. acquire digital assets (The story continues below.) Photo credit: T. Koverko Polymath founder Trevor Koverko is considered an early participant in blockchain industry, and speaks frequently at conferences. Operator and Investor “I ,” says Koverko. “I prefer investing in high margin, high yielding businesses. I discovered website investing and become hooked. We would purchase small tech companies for 1–3 times trailing EBITDA and sprinkled in some leverage (debt). It was a fantastic business and a lot of fun.” love private equity The Polymath founder says his with emergence of Bitcoin (BTC). personal roadmap became clearer “I on eBay of all places,” says Koverko. “That was my gateway drug and before I knew it, I was tumbling down the crypto rabbit hole. I became plugged into the early crypto ecosystem and had the opportunity to angel-invest in some pretty amazing, foundational projects like ShapeShift via my friend Erik Voorhees (ShapeShift’s founder).” bought my first Bitcoin in 2012 (The story continues below.) Photo credit: Shutterstock In December 2012, 1 Bitcoin (BTC) traded for $13 — having risen steadily in value throughout that year. Tokenizing Physical Assets These experiences would later inform creation of Polymath which Koverko founded in 2017. It’s securities token platform that makes it convenient for companies to tokenize real-world assets. The firm’s ST-20 token standard helps ventures (STOs). Compliant security tokens represent partial or complete ownership of real-world assets, and these digital assets are secured on blockchain. It also shows gradual shift from physical ownership (such as paper-based company shares) to via compliant security tokens. launch security token offerings digital-based ownership “Most of the regulations we need to operate exist already,” says Koverko. “We think many tokens are financial securities and issuers must follow the existing rules and frameworks. Luckily there are many advisors to help business navigate through the process of registering with the SEC and managing complex compliance considerations like secondary trading restrictions.” He adds, “By being complaint, you open your business to trillions of dollars of institutional capital that only participate in investment-grade securities.” Alibaba founder Jack Ma said last month at World Economic Forum, “There are ; only of yesterday.” no experts of tomorrow Polymath is blazing a trail that digitizes ownership of assets. It wouldn’t have existed had NHL’s Rangers signed Trevor, . the hockey player Polymath was founded in 2017. The platform helps ventures digitize ownership of assets.

Polymath Founder’s Derailed NHL Dream Led to Opportunities in Blockchain

Ever since the beginning, you’d had to write or inject your CSS into , in order to style Polymer Components. At a time, Polymer did include the ability to import , although it was an experimental feature, and was deprecated in favor of style modules. With the recent version of Polymer 3, we ditch HTML (finally, no more silent errors 🎉!) in favor of good ol… er, I mean, good and new (ES2015 classes). HTML external stylesheets JavaScript Nonetheless, there’s a problem. Within HTML, we could get CSS support with our IDE or Text Editors. Writing them in a JavaScript makes it more difficult to static analyze and autocomplete our code. Fortunately, since it’s JavaScript, this means that we can tap into its powerful ecosystem, and use the tooling available to us. that creates the JavaScript styling for you, and “makes CSS great again” by just importing the CSS to the Polymer Component JavaScript file. polymer-css-loader is a Webpack Loader How to use Install the loader: npm install save-dev polymer-css-loader extract-loader css Or yarn add save-dev polymer-css-loader extract-loader css-loader -D Add it to your Webpack.config file: module.exports = {entry: './src/index.js',module: {rules: [{test: /**\. \.**s(c|a)ss$/,use: [{loader: 'polymer-css-loader',options: {minify: true, // defaults to false},}, 'extract-loader', 'css-loader', 'sass-loader'],},],},}; css| Note: You can use either sass-loader or less-loader. Leave polymer-css-loader for last. And import your css in your JavaScript Component file import { html, PolymerElement } from '@polymer/polymer/polymer-element'; import './style-1.scss';// The ?name will specify the name to be used in the include.import './style-2.css?name=maria';class PolymerTestComponent extends PolymerElement {static get template() {return html`<style include="style-1 maria"></style><p>This is the test component</p><p>This is the propertie's value: {{prop1}} </p><div>This font size should be bigger</div>`;} static get properties() {return {prop1: {type: String,value: 'polymer3-app',},};}} window.customElements.define('polymer-test-component', PolymerTestComponent); That’s it! The name of the file will be used for the <style include=””> Other Features Add a custom name for <style include=””> Add a custom name by adding at the end of the import . ?name= (Don’t use quotes “” for the value) import './style-1.scss?name=my-custom-style'; // Then:// Code omitted:static get template() {return html`<style include="my-custom-style"> </style> // Code omitted: Skip a css file You can skip a css file by adding at the end of the import. This the CSS into your Webpack Bundle, but it will not be parsed as a Polymer JavaScript styling file. ?skip will include import './style-1.scss?skip'; Skip all the files and explicitly include the ones you need Useful when you’re combining multiple libraries. This the CSS into your Webpack Bundle, but it will not be parsed as a Polymer JavaScript styling file. will include entry: './src/index.js',module: {rules: [{test: /**\. \.**s(c|a)ss$/,use: [{loader: 'polymer-css-loader',options: {minify: true, // defaults to falsedefaultSkip: true // will skip all the files css| },  
    }, 'extract-loader', 'css-loader', 'sass-loader'\],  
  },  
\], },}; Then, you’d use for the ones that you’d like to be parsed by the loader. ?include import './style-1.scss?include&name=my-custom-style'; // Will still be included, but not in the JavaScript// Polymer-Web Components fashionimport './style-2.scss' // Then:// Code omitted:static get template() {return html`<style include="my-custom-style"> </style> // Code omitted:

SASS, LESS, CSS without JavaScript in Polymer 3 with Webpack

Many companies launch utility tokens due to lack of clear regulations in regards to security tokens. However relatively large number of those tokens don’t make any sense and at best their utility functions are very weak. Utility tokens are much easier to launch than security tokens because they are not regulated. ICO company can do online marketing and offer their tokens to non-accredited investors and retail investors. They do not have to incur the heavy expenses typically associated with regulatory compliance. But this is all changing now. Year 2018 will be the year of security tokens. Last month I went to Bahamas to attend a conference on security tokens ST-20 by . Polycon18 Polymath Since the conference took place in the Bahamas, it didn’t take a lot of convincing to decide to go there. In the end, the trip turned out to be well worth it and the rewards easily compensated for my red light ticket on my way to the airport and the loss of my winter jacket which I left in the taxicab in Nassau. I guess my subconscious mind didn’t think I needed to deal with an unnecessary burden like a winter jacket in a place where the summer never ends. Now let’s come to the point, as you are probably not that interested in my winter jacket anyway. Polycon18 Polymath Expo Booth Almost everybody I met at the conference asked "what is this ST-20 security token?" and "how it will make it easier to finally safely and legally offer crypto-securities on the ?". blockchain I had an opportunity to study the app which can be found on the public GitHub and understand its mechanism before the conference. https://github.com/PolymathNetwork/polymath-core Currently, if a startup wants to offer a security token, they have to figure out how they can do it within the existing legal framework in their jurisdiction, (mostly offering their tokens to accredited investors) and going through lots of paperwork, not to mention legal and third parties fees. Also — no crypto exchange today will list security tokens thus causing total lack of liquidity. One might want to list their tokens on exchanges like the NYSE or TSX, but then this becomes not much different than offering regular securities and then you will be going through the same hurdles as everybody else in the non-crypto world. So what is the token worth which nobody will trade or will it take lots of time and upfront capital to make the offering? The Polymath accepts the challenge of facilitating issuance of security tokens through appropriate blockchain driven platform and high level of alliances and partnerships with proper technology partners and influenceres. Trevor Koverko moderates panel of crypto experts Polymath CEO Trevor Koverko is definitely on the right track, and I have to give him full credit for a vision that is so brilliant, elegant and so obvious that many experienced entrepreneurs will be shaking their heads not seeing that before. The question becomes how one convinces SEC to create a legal framework which will finally regulate the sale of securities on the blockchain and make money along the way? What Trevor and his team have proposed is a platform which will create interfaces through software for all typically involved parties in the steps of running . And no this is not just an ICO lunch token platform. ICO This is a system which offers 4 categories of participants and ensures that final token is a security token in the jurisdiction where it is offered. You can see full demo at this url. Polymath dashboard — is the party offering the token Issuers — is the party offering KYC service Providers — are purchasers of tokens Investors legal team which can offer their legal services Delegates — To get more specif about inner working visit their white paper https://www.polymath.network/resources/whitepaper Now how this approach is going to help speed up mass adoption of this platform by the masses you may ask? The answer is Incentives. Everyone in this picture will be making money, possibly only investors occasionally will be losing money but this is not a new story. The main strength of Polymath concept are two categories which existing ICO platforms have not fully automated yet. These are and And I want to stress that are the key here as we already have multiple KYC providers which are offering APIs to hook them up with the token offering systems. KYC Providers Delgates. Delegates Nobody has automated even close the process of offering legal advice and create the mechanisms to be involved by any legal adviser in any possible jurisdiction. Now legal professionals will have the ability to offer their services to token issuers in the automated way and be rewarded through POLY, the native currency of Polymath. Also Issuers, will have more than one option of legal advice available and they will be able to chose from those who are most established and knowledgeable in this space. (Btw. POLY is a utility token by itself) So as soon as an issuer specifies jurisdiction in which token will be offered and its parameters, legal professional can offer legal template and specify cost of it. The issuer might get multiple template offers and choose the one which they believe is most appropriate for them and or most cost effective. If you still don’t see how this will speed up mas adoption and speed up creation of legal framework, let me help you to see that. Polycon18 sponsor banners (legal professionals) are the people who are the ones understanding legal implications of issuing security tokens in the jurisdiction where they are practicing. Delegates They will now suddenly have an opportunity to offer their services to large numbers of issuers who will be attracted to the new platform. The templates they create will be appropriate for multiple issuers, and they will receive an income, each time someone accepts their service. Incidentally several of the same legal professionals are also quite often involved in consulting proposals changing laws in jurisdictions where they reside. So the same people will be now involved in providing their service to token issuers and legislators. It will be in their interests to steer the legislators to embrace new technologies as fast as possible as this will be working in their favor. If platform and technology is ready and big players believe that all is in place, the legislators will follow. In short if you build it, they will come. It is much like miners are attracted to offer their computer power to maintain blockchain consensus, all 4 parties will have incentives to be part of this system and each will feed another. Any bad apple will be quickly discovered and avoided. The token itself will be only tradable between the parties who through KYC and legal framework found themselves in the white list of the ST-20 security token smart contract. Trevor Koverko Polycon18 So here are the typical steps of issuing and offering of security token ST-20. Issuer defines parameter of their token. Delegate proposes legal framework. Issuer choose legal template. KYC providers formulates technical interface and smart contract based on the legal framework from 2) and makes it available to the Issuer. Issuer makes token offering. Investor browses offering and decides to invest in that offering. In the process of purchasing the token, investor is asked to fill out KYC questionnaire. KYC provider white-lists or declines white-listing of the investor. In case investor is whitelisted, he/she can purchase tokens and trade them with other whitelisted investors. To prove that conversation about security tokens in the legal circles is heating up is the fact that on Feb. 6, the United States’ two major financial regulatory authorities — the SEC and the Commodity Futures Trading Commission (CFTC) — held a dedicated hearing on virtual currencies. CFTC Chairman J. Christopher Giancarlo said in prepared for the hearing: testimony We are entering a new digital era in world financial markets. As we saw with the development of the Internet, we cannot put the technology genie back in the bottle. Virtual currencies mark a paradigm shift in how we think about payments, traditional financial processes, and engaging in economic activity. Ignoring these developments will not make them go away, nor is it a responsible regulatory response. So be ready for crypto securities to be available this year.

When can I start offering my security token? Polymath might have the answer.

What is Polymath Polymath utilizes blockchain to assist users through complicated legal processes of trading securities, whilst providing complete transparency and increased security, as well as a more effective way that uses smart contracts to audit transactions. The system intends to bring much needed regulation to cryptocurrency securities tokens, but in a completely revolutionized manner designed to take advantage of the blockchain technology. The unregulated world of cryptocurrencies is undergoing yet another onslaught of attacks from government and world banking institutions, Polymath however, is a platform that has the potential change all of that. What problems does Polymath solve? In the early 1700’s the world experienced what is often referred to as the first global stock market crash when the South Sea Company’s shares were incorrectly speculated to be worth much more than their fundamental value, and thus were sold off rapidly by investors trying to cash in. With no regulations in place to correctly manage the sales the share plunged 83%. In an effort to prevent the crash an English statute, known as the Bubble Act, was devised. The Bubble Act intended to provide better regulation in the buying and selling of securities, and required companies to acquire a royal charter before selling shares. The statute was repealed in 1825, and during the early 1900’s, with still little in the way of regulations, companies began selling of securities based on weak, and often fraudulent information. Subsequently the stock market crash of 1929 lead to the Great Depression and prompted a new set of rules, rules that now form the basis of the U.S. The Securities Act of 1933. The new securities act called for two main objectives: Require investors to receive financial and other material information concerning securities being offered for public sale. Prohibit deceit, misrepresentations, and other fraud in the sale of securities. The just one year later, The Securities Exchange Act of 1934 was introduced to better regulate the secondary market — sales of securities between investors after the initial offering by a company. And The United States Securities and Exchange Commission (SEC) was also established to assist in matters of trading securities to protect investors. As the industry continues to grow each year, so too do the attempts to uncover loop holes and leverage vulnerabilities for fraudulent purposes, and as a result the system must constantly be reformed to keep up-to-date with the latest exploits. In 2010 the Dodd-Frank Wall Street Reform and Consumer Protection Act was put into power. The new regulations saw a huge transformation to improve the financial regulatory system, and although these changes are certainly for the better, it all comes at a price, a price so high that has kept even larger tech firms out of the public market the past few years. With regulations set forth by the SEC, transactions in both primary and secondary markets are protected. But when it comes to digital currencies, a factor that worries many is that that whole system is unregulated. Polymath, can solve that problem by embedding SEC regulations as requirements on the blockchain and utilizing smart contracts to execute transactions only once approved and if both parties have sufficient resources to fulfill the trade. How Does Polymath work? Polymath utilizes the Blockchain for its worldwide-decentralized ledger in which all the necessary data and tools can be stored to organize participants to enable legally compliant securities offerings and reduced transaction costs over time. The system consists of 5 main participants, each of which provides a vital piece of the process, and is incentivized to do so along the way. · — Individual consumers or organizations wanting to trade or purchase security tokens. Investors · — Those who wish to sell security tokens. Issuers · — Delegates place bids, with on-chain restrictions put forward in proposals. They can also act as representatives’ off-chain to assist issuers through meeting the compliance requirements. Legal Delegates · — KYC providers validate the real identities of the participants and carryout the due diligence required to accredit investors. By receiving accreditations in their relevant jurisdictions investors can improve their standing and have some restrictions removed. KYC (Know Your Customer) Providers · — These software engineers create and review initial offering contracts in return for security tokens. Developers Participants can operate in three markets places in the Polymath system. These include: · — KYCs offer validation and accreditation services to investors in their jurisdiction. They post the cost to use their service (no bids). KYC Provider Marketplace · — Delegates assist with completing the legal delegate process. They must bid on the cost of representing an issuer during the process. The transparent nature of blockchain allows third-parties to track the number of issuances completed by a delegate, which should help issuers decide which KYC to use. Legal Delegate Marketplace · Issuers may wish to have their Security Token (STO) contracts made or reviewed by a smart contract developer. Developers are able to bid on these jobs. Developer Market — Polymath provides a framework for investors to find and autonomously assist with issuers to perform legally compliant securities trades that meet regulatory standards in jurisdictions worldwide. It allows for legal delegates to bid in order to assist with the legal process, developers to bid in order to create or analyze smart contracts, and KVCs to offer validation and accreditation services to back to investors. In order to use the platform a user must register with their true identity and gain an accreditation status validated by a KYC provider. As well as confirming a users identity, jurisdiction, this also validates their eligibility to trade in the secondary market with other investors also with valid identities. All transactions are funded by the POLY Tokens, a standard ERC20 token which are embedded with defined requirements specifying use only amongst verified users. Such a system effectively eliminates the need for middleman and agencies that employ expensive and complex auditing systems that take long periods of time to produce results. Polymath assists through the whole complex legal process while also improving security, auditability, and accountability of the securities market. And because all transactions happen out in the open on the transparent blockchain, all the public may bear witness to any and all transactions that take place. Polymath (POLY) Valuable Information  Coin Name : — Launching the Securities Token revolution ($1 trillion) Total Supply : Social Media Links/Contact Facebook URL : — https://www.facebook.com/polymathnetwork/ Likes : 19,824 likes and 20,252 followers How Many Posts / Updates In The Last 7 Days :7 posts Twitter URL : https://twitter.com/polymathnetwork Followers : 4401 followers How Many Tweets / Retweets In The Last 7 Days : 21 posts Telegram URL : — https://t.me/joinchat/GmbozxFfmqF4UkueyZVoig Users : 32 277 members Admins Telegram User Name : — Chris Housser Reddit URL : https://www.reddit.com/r/PolymathNetwork/ Readers : 369 readers Youtube URL : — https://www.youtube.com/channel/UC77syPQJO0eA5FBUMczZ4bA/featured Subscribers : 289 subscribers Medium URL : — https://blog.polymath.network/ Followers : 700 followers How Many Updates In The Last 7 Days : — posts LinkedIn URL : — https://www.linkedin.com/company/polymathnetwork/ Followers : 431 followers GitHub URL : https://github.com/PolymathNetwork How Many Updates In The Last 7 Days : 2 posts Staff/Team Info : Trevor Koverko Name : CEO Title : LinkedIn https://www.linkedin.com/in/trevorkoverko/ : — Extra Links https://twitter.com/trevorkoverko?lang=en : Chris Housser Name : Co-Founder of Polymath Title : LinkedIn https://www.linkedin.com/in/chris-housser/ : — Extra Links https://twitter.com/realbitlawyer?lang=en : Stan Miroshnik Name : Banking Partner Title : LinkedIn https://www.linkedin.com/in/stanmiroshnik/ : — Extra Links https://twitter.com/stan_am?lang=en : Steve Dakh Name : Lead Tech Advisor Title : LinkedIn https://www.linkedin.com/in/steven-dakh-86a63712/?locale=de_DE : — Extra Links https://twitter.com/stevedakh?lang=en : Sukhveer Sanghera Name : Global Marketing at Waze Title : LinkedIn https://www.linkedin.com/in/sanghera/ Extra Links : — https://twitter.com/everhusk?lang=en : Tosh Sharma Name : Solidity Team Lead Title : — Extra Links https://twitter.com/toshsharma13 : Matt Asher Name : Chief Architect Title : LinkedIn https://www.linkedin.com/in/mattasher/ : — Extra Links https://twitter.com/mattasher?lang=en : David Kajpust Name : Solidity Developer Title : LinkedIn https://www.linkedin.com/in/davidkajpust/ : — Extra Links https://twitter.com/davekajpust : Adam King Name : Full-Stack Developer Title : LinkedIn https://www.linkedin.com/in/adamdanielking/ Project Advisors Anthony Di Iorio — Ethereum / Jaxx Bruce Fenton- Bitcoin Foundation Gary Rubinoff — Summerhill Steven Nerayoff — Eth. Gas Inventor Technical Advisors Matthew Roszak — Bloq/Tally Nic Cary — Blockchain Advisory Board Steve Dakh — Kryptokit Michael Perklin — Security, Shapeshift Open Zeppelin Blockchain Labs Rob Dermody — CounterParty DigiStrats

Polymath The Securities Token Platform Using Blockchain

The real opportunity in crypto is taking existing liquid assets trapped on local expensive exchanges and making them global, real-time, 24/7. Not just existing assets but over time every asset, every home, every private equity and venture fund… everything. That’s the opportunity Polymath is addressing. By comparison, ICO’s have raised nearly $4 billion to date this year. A single IPO (Alibaba) has raised as much as $20 billion and 17 companies individually raised over $4 billion. This makes the ICO market seem almost tiny by comparison! The global bond market is over $80 Trillion and the global stock markets at $70 Trillion. And that doesn’t include all the private assets that could be tokenized. Polymath allows financial service providers to offer a ‘Security Token Offering’ or ‘STO’. STOs will come to dominate ICOs, as trillions of dollars worth of financial products upgrade to tokens. To facilitate this mega trend — Polymath is building the world’s first decentralized protocol that empowers corporations to launch their own securities token. The Polymath protocol verifies each crypto address to ensure only authorized investors that meet the criteria for each particular security offering are able to transact with that security token.  With this baked-in restriction, decentralized and anonymously run exchanges will only be able to conduct trades between authorized participants. The restrictions provide issuers assurance that their tokens will only be held by authorized investors. That’s one of many reasons I’m excited to be one of their advisors Come join me at Feb 28-Mar 3 and we can dive deeper into the opportunities that STO’s are going to unleash. Conference details are at: Polycon https://www.polycon18.com/

POLYMESH

polymesh.network

11-50 employees

Since 2021

COMPANY RANKING

POLYMESH

EVERGREEN INDEX #9010

Representing this company? Click here to claim and customize this page!

Polymesh WIKI

Apply to get your Tech Company News Page live on HackerNoon.com today!

POLYMESH

polymesh.network

11-50 employees

Since 2021

COMPANY RANKING

POLYMESH

EVERGREEN INDEX #9010

RELATED COMPANIESRANK

STORIES ABOUT POLYMESH

Representing this company? Click here to claim and customize this page!

Polymesh WIKI

Apply to get your Tech Company News Page live on HackerNoon.com today!