Financial Services Revolution: How Blockchain Is Transforming Money, Markets, and Banking by Alex Tapscott

Author:Alex Tapscott [Tapscott, Alex]
Language: eng
Format: epub
Tags: Business & Economics, Banks & Banking, Industries, Financial Services, E-Commerce, General
ISBN: 9781988025490
Google: 7b_UywEACAAJ
Publisher: Barlow Book Publishing
Published: 2020-01-22T18:30:00+00:00

To do so, token issuers might need to devise creative corporate forms combining nonprofit structures (overseeing access to shared open-source resources) with for-profit structures (perhaps as benefit corporations or B Corps) focused on the development of specific business applications or Dapps. Most ICOs will not be true ecosystem tokens and will therefore be well suited as securities token offerings using registration exemptions and trading through decentralized alternative trading systems.

Working toward the future, we hope the blockchain community—entrepreneurs, technologists, researchers, academics, lawyers, and others—can collaborate with regulators such as the SEC in devising a regulatory framework for the emergent token economy, including fundraisings such as ICOs and ongoing market oversight. Indeed, significant questions remain around how to think about and discuss token “economics,” that is, the factors that should drive utility value, and whether token price bounding would allay some of the SEC’s concerns.

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