1 Level
2 Review
3 Karma
Review on Polymath by TielStudio Ivanov
The blockchain is here, and here to stay, and given the characteristics it has…
The blockchain is here, and here to stay, and given the characteristics it has, it’s nearly impossible to imagine that our securities and assets won’t soon be on a blockchain. It’s just the most efficient and transparent method.
Add to that the massive potential that ICOs are showing for raising capital and it’s nearly a foregone conclusion.
However, if someone doesn’t develop an alternative, and soon, governments are also certain to step in to regulate these markets, in fact some have already begun. With so much capital at risk, and security laws being broken already by some ICOs, it’s almost surprising we haven’t already seen regulations popping up like mushrooms after a spring rain.
The solution is in front of us though in the form of the Polymask Network Security Token. Obviously Polymath is very new and untested, but it’s also off to a great start, has a solid team behind it, and has a working product. Once it goes live things could get very interesting indeed.
Pros
- Polymath is looking to be the cure to the ICO sickness. It was developed to help issue securities tokens in a safe and blockchain regulated manner. And they’ll do so while also providing incentives to bring new financial products to market on the blockchain, while also keeping regulators happy and at bay. As an additional security measure, only verified buyers will be able to purchase or trade POLY coins.
Cons
- It's early in development and may fail at some point.
