The DIM Foundation has come up with the blockshare identification number (IBIN) that will be used on their new hybrid stock exchange (HYBSE). The unique number will be used for identification and as a reference number for the users of the exchange.
The DIM foundation is drawing closer to coming up with their new Hybrid stock exchange (HYBSE) that is based on blockchain technology. This new trading platform comes with some innovative features one of which is the International Blockshare Identification Number (IBIN). Just like the international securities identification number (ISIN) used in the securities exchange, the IBIN is a unique serial number used to identify an organization or corporation listed on the Hybrid exchange. The ISIN used in the stock market is a 12-digit unique character code used to identify specific securities such as stock. Traders in the stock exchange market use the number worldwide.
On the other hand, the IBIN that is a 13-digit number will be used as a reference to buy, hold, and sell equity and all these details will be found on the blockchain. Each IBIN will be unique and it will be the reference number used by a corporation or individual to trade on the trading platform. All the details regarding the organization trading and investment on the exchange will be stored on the blockchain and can be retrieved using the IBIN as the reference number.
DIM Foundation Hybrid Stock Exchange Features
The DIM foundation is an organization that owns the two different versions of the DIM cryptocurrency the DIMCOIN and the data interchange module (DIM) currencies. The DIM is a peer to peer secure, private and quantity committed digital medium of exchange. DIMCOIN, on the other hand, is a speculative cryptocurrency that is built on the NEM blockchain protocol. The DIM currencies are the medium of exchange used in the DIM platform.
DIM has plans to launch the hybrid online stock exchange that will be used by small and medium enterprises. The enterprises will trade their stock and other tradable securities and access capital from international investors. The exchange will also have cryptonized assets that include company shares and intellectual property.
Users of the platform will have to apply and register for a DEPOWALLET that will be used to manage their currencies and cryptonized assets found in the DIM ecosystem. The registration process is easy as the investors do not need to submit any banking details to own the wallet. The wallet will allow users to manage their currencies and wallet anywhere across the globe.
HYBSE & IBIN Blockshares Blockchain Advantages
The HYBSE is a platform that comes with many advantages compared to the hybrid equity markets. The HYBSE platform is both secure and efficient with affordable fees to the users. The use of blockchain technology allows for increased transparency on the exchange. The interface on the exchange is also user-friendly and the security of the user’s details is guaranteed. The large pool of financial instruments that include cryptocurrencies, cryptonized shares, exchange-traded commodities among others that investors can choose from is yet another advantage of the exchange.
Issuers that hope to use the HYBSE are expected to register for the IBIN in order to list their tradable securities on the exchange. The IBN can be acquired at zero cost. The limited offer will run until 31st August 2018.