Siarhei Karotki: The Internet of Assets: Financial Market Evolution

Blockchain-based FinTech startup BANKEX is building a Proof-of-Asset protocol (PoA), a standard that enables a new generation of assets and contracts creating Decentralized capital markets.

With the emergence of Bitcoin and the first blockchain back in 2008 there have been multiple projects trying to disrupt their industry and introduce a new (often decentralized) form of validating information.
Both the Proof-of-Work and Proof-of-Stake protocols have demonstrated their value in the world of cryptocurrencies and have been a great success in multiple projects that operate by way of secure, irreversible transactions.
While the tech markets managed to quickly grasp both the benefits of said protocols, and the flexibility that blockchains provide, traditional businesses, working with physical assets, were left behind, unable to utilize the new technology to represent their assets on the blockchain.

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