I may be wrong, but these guys just found a legal way and sound way of having real shares on blockchain?
https://bitcointalksearch.org/topic/mt-pelerins-open-source-protocol-for-compliant-issuance-of-security-tokens-4971382
If that's the case, it is actually great!
The problem of tokens was the lack of enforceablility of your tokens/rights in case it has shit hits the fan, but if they do it as they say, it will mean real accountability and share-holder rights, which means massive changes!! All community can win from that!
Makes me dream..
https://bitcointalksearch.org/topic/mt-pelerins-open-source-protocol-for-compliant-issuance-of-security-tokens-4971382
If that's the case, it is actually great!
The problem of tokens was the lack of enforceablility of your tokens/rights in case it has shit hits the fan, but if they do it as they say, it will mean real accountability and share-holder rights, which means massive changes!! All community can win from that!
Makes me dream..
I'd say that a lot of the ICOs before this could probably be considered to be shares in a sense anyways.
Checked that thing out, and didn't really understand what it really was. If it is true, then it's definitely interesting. I don't really see how one product will be able to encompass the legal process of issuing securities, though.
Also, even with this system, it would rely on the company making the right choices and not just failing everything. After all, these are shares of a company, you're relying them to perform to make a profit. Just because it's on blockchain doesn't mean that all of a sudden you'll have more rights when the company collapses.