Polymath, STOs, and the SEC

Polymath specializes in securities for blockchain technology. It is backwards compatible with the Ethereum blockchain. Investors planning to launch a cryptocurrency security can use Polymath to meet all of their regulatory needs.

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Push for Regulation

Cryptocurrency ICOs encountered a lot bad press when several projects acted irresponsibly or were out right scams. But that was in the first half of 2018. Now, many crypto experts believe that Security Token Offerings (STO) are the answer. STOs bring a level of reputability that ICOs are just not capable of. This is why STOs have been gaining a lot of attention in 2018.

If you are not a professional crypto trader or are unaware of the ICO aftermath, then you might be asking why are STOs getting so much attention. Well first of all, the Security and Exchange Commission (SEC) of the United States has taken a firm position on ICOs. The independent agency made it clear that ICOs are not a long-term all-in-one solution in a December 2017 statement. While investments have pulled back from crypto markets, new projects have not. These new tokens need a viable solution on which to base their operations.

Enter STOs and Polymath. Their objective is to satisfy the requirements for responsible crypto trading while maintaining the proven advantages of blockchain technology.

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Polymath Security Tokens

Few projects can even approach the advantages available through Polymath. These include programmable equity, regulatory compliance, markets open 24/7, elimination of wasteful intermediaries, and access to people who have Internet connections but do not use banks. Together, all of these aspects form a viable cryptocurrency solution for conducting business anywhere in the world.

Programmable equity is increasingly important. Ethereum’s success illustrates the extent of the demand for programmable smart contracts. Polymath is leading STO development in this area. It enables secure fulfillment of dynamic contracts like wills and trusts. Polymath is not just about transitioning business onto cryptocurrencies. New applications are surfacing everyday. Secure entry into the modern economy is the objective.

Escrow Smart Contracts

Smart contracts pre-define the obligations of the parties involved. They ensure satisfactory fulfillment by providing the means for asset and service distribution. Assets are held in escrow and their release is programmed upon fulfillment of specific conditions of the contract.

For more information about how escrow smart contracts work, visit LocalEthereum's official blog.
https://blog.localethereum.com/how-our-escrow-smart-contract-works/

Polymath leverages smart contracts as securities in a 24/7 environment. Applications grow unencumbered when not limited by traditional global barriers like closed markets. What is even more interesting are the potential applications of programs running on an immutable, transparent, and distributed ledger. With assets secured in escrow smart contracts and threats of ICO scams minimized, a solid foundation for mainstream blockchain development can take place.