Like I mentioned before these are common terms.
Also, thanks for the observation. It shows you are following our community.
A "term" refers to one or two words. Your whitepaper has plagiarized
entire paragraphs. There's a huge difference.
From the
Forbes article:
What businesses benefit?
Prior to the advent of the blockchain, there was no way to secure and validate ownership in a digital asset or verify a transaction in a trustless, public manner. Take, for example, the act of utilizing a software license to gain access to a program like Microsoft Word. To enforce the right to use the software, it must check a centralized server operated by Microsoft. If Microsoft wanted, it could deny access to the software or transfer those permissions to another user. While we consider Microsoft a trusted entity, the risk of illicit behavior increases when an untrusted party is introduced.
Perhaps a better example is ownership of a more valuable asset, such as a substantial share in a company or valuable digital asset such as a one-off piece of digital artwork. To transfer shares of ownership in a company, the current model requires stacks of paperwork, a lawyer or a centralized and trusted entity, such as the New York Stock Exchange.
What about transferring a digital asset like art? How do you prevent people from copying the digital file and sending many others a copy? If there’s no way to publicly verify the transfer of a single asset to a single entity, then there’s no way to enforce ownership or authenticity. This is why the value in art is always in the physical good.
The blockchain is the first technology that enables the transfer of digital ownership in a decentralized and trustless manner. In fact, there are companies like Polymath that are disrupting the industry by creating digital tokens that can represent ownership in a company, or DAEX, which is seeking to disrupt the world of digital art by publishing ownership on the blockchain.
While technology and supporting platforms around the blockchain ecosystem are sure to evolve, to answer the question of which businesses will initially benefit from its use, are the ones which possess the following traits:
• Transaction-based
• Benefits from public scrutiny
• Benefits from history that can’t be rewritten
• Decentralization benefits the end user or customer
From your whitepaper:
How businesses benefit?
Prior to the advent of the blockchain, there was no way to secure and validate ownership of a digital asset or verify a transaction in a trustless, public manner. Take, for example, the act of utilizing a software license to gain access to a program like Microsoft Word. To enforce the right to use the software, it must check a centralised server operated by Microsoft. If Microsoft wanted, it could deny access to the software or transfer those permissions to another user. While we consider Microsoft a trusted entity, the risk of illicit behavior increases when an untrusted party is introduced.
Perhaps a better example is ownership of a more valuable asset, such as a substantial share in a company or valuable digital asset such as a one-off piece of digital artwork. To transfer shares of ownership in a company, the current model requires stacks of paperwork, a lawyer or a centralised and trusted entity, such as the New York Stock Exchange.
What about transferring a digital asset like art? How do you prevent people from copying the digital file and sending many others a copy? If there’s no way to publicly verify the transfer of a single asset to a single entity, then there’s no way to enforce ownership or authenticity. This is why the value in art is always in the physical good.
The blockchain is the first technology that enables the transfer of digital ownership in a decentralised and trustless manner. In fact, there are companies like Polymath that are disrupting the industry by creating digital tokens that can represent ownership in a company, or DAEX, which is seeking to disrupt the world of digital
art by publishing ownership on the blockchain.
While technology and supporting platforms around the blockchain ecosystem are sure to evolve, to answer the question of which businesses will initially benefit from it’s use, are the ones which possess the following traits:
• Transaction-based
• Benefits from public scrutiny
• Benefits from history that can’t be rewritten
• Decentralisation benefits the end user or customer
The only thing you really changed was the first word of the title of the section, from "What" to "How." Pretty lame. Any last words before I tag you as a scammer? This is your last chance. Think carefully.
