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Prometheum Inc – Modernizing finance through blockchain securities

Blockchain securities have the potential to re-cast the relationship between management and shareholders by defining a different value exchange for long- versus short-term shareholders.

Lots of jargon there – but what exactly is a blockchain security?

Well in short, it’s something that protects the integrity and value of a blockchain transaction. Blockchain is the technology the underpins digital currency (Bitcoin, Litecoin, Ethereum, and the like). The tech allows digital information to be distributed, but not copied. … You may hear it described as a “digital ledger” stored in a distributed network.

Prometheum is the world’s first SEC and FINRA-regulated, full-service market ecosystem for blockchain securities.

Aaron Kaplan, Prometheum’s Founder & Co-CEO, provided a little more insight beyond the jargon:

‘In layman’s terms, we’re creating Wall Street 2.0,’ he said. ‘We’re integrating the benefits of blockchain and distributed ledger technologies to increase efficiency, eliminate redundancies and reduce costs.’

Standing in the way of this potentially revolutionary new technology is an industry that has typically seen regulation as a burden, resisting change that might take time to bed in. It doesn’t have to be like that, Aaron insisted.

‘We see regulation as a sword and a shield – it allows us to have investor protections and market integrity.’

Regulation, he explained, is inherently evolutionary, as opposed to revolutionary. But Prometheum has put in the work over a long period of time to help regulators understand their technology, forge trusted relationships and enable them to bring it to market in accessible form.

By creating a regulated, accessible market for blockchain securities, Prometheum Inc is creating a space where issuers and shareholders can define new types of value exchange through smart contracts.

Prometheum is developing smart contracts to allow companies to incentivize shareholders with a return premium, and are building the infrastructure to allow the benefits of blockchain securities to flourish in a new, digital age.