The stock market is failing, and everyone knows it. Perhaps that is the reason why crypto-currency has exploded the way it has in recent years. Investors and traders alike are looking for new ways to make money. The big-wigs are searching for a way to stake a claim on the future, and as of recently, there is no better way to do that, than by getting into the digital currency world.
Blockchain technology has come a long way from its starting roots and has a long way still to go before it can genuinely decentralize the financial institutions. Luckily though, there is one company that stands on the cusp of the new world and is ready to help you out. Introducing Institute for Blockchain Innovation or IBI.
Who Is IBI?
According to the information on IBI’s website, they are a company that is bridging the gap between traditional financial institutions as well as Blockchain based platforms. They recognize themselves as an open source community striving to bring the future of digital currency into today’s world.
On their website, IBI introduces their “Founding Members” and showcases each person’s talents. You will find a list of fifteen people on the site. The list presents everyone on board with IBI’s theology in bringing Blockchain technology to everyday life. The company believes that the technology behind Blockchain will change the future and the way people trade and do business.
The Nuts and Bolts of Institute for Blockchain Innovation
IBI is a company with a new approach to trading digital currencies and equities through Blockchain. The site explains how IBI is the future of trading that will create faster and more sufficient means of dealing with digital stocks. IBI calls this new revolution of trading JOBS Crypto Offering or JCO.
The JCO works in three stages. The first stage is setting the price range for accredited investors in a presale. The second stage is to have the company meet specific criteria to raise funds and then submits the documentation to SEC for approval. Once the green light is a go, the digital currency or “tokens” are distributed to accredited and non-accredited investors. The tokens are then traded according to the amount the SEC has set in place.
IBI believes that its new system will cut out the middleman and usher in an era of decentralization. The idea behind IBI is to bring people from all walks of life closer together rather than some account number on a screen. According to IBI’s site, JCO is more than just a movement to raise capital on the backbone of Blockchain technology; it will be a way of life.
What Makes IBI So Different?
Once the tokens have been purchased, they are more than just digital currency. The tokens represent a share in the company’s stock allowing the cryptocurrency to be traded with confidence. IBI state that they are the first to initiate the idea of having stock in a company represented by a digital currency that can be traded like any other stock on the market today.
Imagine, buying tokens instead of stocks knowing that each token or digital currency is a piece of some major corporation.
Think what could happen if Amazon or Google switched their stocks into digital currencies. Then when people trade, it isn’t money they are juggling, but shares of a company. That is where IBI is trying to go with their company. After all, the stock market is dying. Everyone knows it, and the next big thing is crypto-currency.
The Downside of Up
IBI may have a decent hold on how Blockchain technology works. Their idea is sound and even goes into a decentralizing major corporation. However, the company is relatively new. According to Who.is, the site was launched April 13, 2018, and update April 27. This simple search on when the site was launch proves that this company is still in the shell.
Without a reliable company to back their tokens, and make their idea a reality it would be difficult to invest in IBI. However, there is hope that IBI will explode in the next few years, especially if the stock market continues to spiral out of control.