David McFadzean speaks with the modesty and contemplative cadence of a professional who has built a career shaping software cultures. The last company he helped build, developing software for neurosurgeons, he was employee number four (it is now over 250 strong). A startup he co-founded during the tech bubble, he says, first got him interested in secure Internet identities, a feature that then predated Reddit, PayPal and other now tech giants who used the idea of an Internet identity to secure interactions and or transactions. This was fifteen years before the proliferation of blockchains and online identity security, built by public ledger, became de rigeur.
In our ongoing series profiling the people working to deliver the world’s first decentralized securities network, we chat with David McFadzean on Bitcoin, transhumanism, and why, after a 30-year career successfully building startups from scratch, he decided to join the team at Equibit Group.
Welcome to the September newsletter! This past month was full of networking, team building and finalizing the last few details for the Swiss incorporation and office opening.
The community surrounding Equibit is one of our biggest strengths. We have been overwhelmed with the support and influence you have all shown throughout our journey so far. Your ideas around strategies and questions around timelines have been heard. Chris sat down last month and took some time to answer your questions and share what the vision is for the next 12-18 months.
August was a big month for both internal and external Equibit events. You may have heard about the private dinner Equibit Group held the evening of Tuesday, the 14th. Max and Stacy of the Keiser Report were the guests of honour along with many highly influential crypto trailblazers, Equibit investors, channel and hardware partners as well as other key members of the growing crypto community. The event was held here in Toronto and was a great success extending into the wee hours of the next morning.
Many of the influencers who attended the dinner were in town for the Blockchain Futurist Conference which Emily and Harvey both attended. Chris attended the BOOST Blockchain Job Fair last month. The top Blockchain companies in Toronto were there meeting talent across all areas of business, from developers to HR and marketing. It is great to be part of such a strong community and always great engaging with the thought leaders of our industry and strengthening the community as a whole.
As we have mentioned in our blogs, past newsletters and on Telegram, we have some very aggressive timelines coming up. For which we understand that the team here will need to step up and grind out many long days and even a few sleepless nights. To get everyone on the same page, the Equibit Group team here in the Toronto office took some time to focus on team bonding and building in August. Following an informative internal town hall lead by Chris Horlacher, the team headed out for lunch and a few arcade games here at The Rec Room. Carrying over into the weekend, Chris hosted a BBQ at his home for the leadership team where the Equibit theme of quality products was highlighted and exemplified with Chris' 14+ hour smoked corned beef brisket.
The Swiss Move
Chris spent quite a bit of time in August comparing different banking and administrative options for the smoothest transition from Equibit Group LTD., the Canadian company to Equibit Group AG. We will be announcing more details around the semantics in the coming weeks, including final bank details which will enable the next steps of the private sale.
Last month we mentioned having office space locked down in Zug, Switzerland. So naturally the next step has been to fill that office with talented individuals who can help Equibit Group grow. August saw a lot of time and consideration go into organizational growth targets and goals. Stay tuned over the next few months as we will be announcing new team members and posting career opportunities on our website.
Growing adoption of the technology behind bitcoin suggests more companies and investors will put “securities on the blockchain” once Equibit Portfolio has launched.
This year has been both challenging and exhilarating so far. We're not done yet but are still aligned for a successful release of Equibit Mainnet 0.1 by year-end. That said, it’s no secret that we've been plagued with delays this year. I want to address everything I can in this message and subsequent communications.
For those of you paying very (very) close attention, and others who’ve simply noticed a change to our address details online, yes, it’s official. After considerable chatter about Equibit becoming part of the most vibrant and active crypto community on the planet, we’ve officially registered a business as Equibit Group AG, marking the start of our Swiss-based operations. This is another significant milestone for the company - - one which the entire team is incredibly excited about.
Welcome to the August newsletter! This past month was a huge month for our business. New incorporations, new offices, new bank accounts, moving executives and much more.
After considerable chatter about Equibit Group becoming part of the most vibrant and active crypto community on the planet, we’ve officially registered a business as Equibit Group AG, marking the start of our Swiss-based operations. Months and months of paperwork, meetings, phone calls, travel back and forth, and waiting have finally paid off and we wasted no time getting set up.
Chris was over in Zug in July, where he secured office space for the new Swiss team, we will be in great crypto company in our new office in the Crypto Valley Labs. While over there, Chris also set up a bank account for Equibit Group AG out of Liechtenstein. This is another significant milestone for the company - - one which the entire team is incredibly excited about.
Switzerland as a whole stands out as a small country, yet key player for blockchain, DLT and cryptocurrency, which is why we originally decided to open an office there. It boasts a legal and regulatory environment that is favourable to companies like Equibit Group, and a track record of developing a high number of blockchain-based companies with supporting ancillary services, experienced investors, advisors and board members who will help us grow.
Closer to home, our Toronto office remains part of an incredible FinTech community and will continue to grow and be an integral part of the Equibit Group team.
With our application to the Swiss Financial Market Supervisory Authority (FINMA), we also received confirmation with a No Action Letter concluding that Equibit is a utility coin rather than a security - which aids immensely in our private sale plans. With this now in hand we are able to now begin moving forward with the relationships and connections our leadership team has been building. Expect to hear more on this front in the coming months.
It has taken Bitcoin the better part of a decade to reach mainstream adoption. In that time we’ve discovered what can happen when demand is out of sync with supply.
At Equibit Group, we expect a similar time frame will be necessary for most other cryptocurrencies to garner network adoption, including our own, EQB.
Controlling computers with our brains. Artificial embryos. The decoupling of intelligence from consciousness. Every year, technology is developing faster and introducing possibilities that years, even months earlier, seemed unimaginable.
In a short period of time, humanity has changed permanently thanks to the ubiquity of technology. Several intellectuals, including Yuval Harari, a noted futurist, believe technology has actually become a global religion, extending well beyond its spiritual homeland, Silicon Valley. Fueling this growth is the Internet. But how will this connected ecosystem support the growth of our securities network?
Welcome to the July newsletter! Last month was a great month for testing, development, events and media. We had a few new team members join, great attention from the local community and dove head first into kicking the tires on our Testnet.
Alpha Testnet team ready for mining! We built a team of 10 Alpha Testnet operators who are ready to help us launch the Equibit Testnet. Three applications are being distributed to the Alpha team: equibitd, equibit-cli, and equibit-miner. These applications will allow us to launch a Testnet and begin to validate transactions, blocks, and consensus across a larger network. Once the code is deemed stable, we will open up the binaries to the wider Equibit Miner community along with documentation on how to install Equibit nodes on Windows 10 and Ubuntu. As the community grows, we are launching a community management process that will help ensure healthy communication and collaboration in the global Equibit community.
Infrastructure Update: Official Testnet node running on IBM cloud. We launched a new server that will become the core Equibit Group node for the Equibit Testnet network. This node will connect with the group of Alpha Testnet nodes.
Core Update: The #1 story in June was the discovery of a thread of issues related to the consensus algorithm. As we launched the Testnet at the beginning of the month, we started operating networks with more than 3 nodes. This exercised parts of the Bitcoin code base that we had not expected to have to modify. The Bitcoin code is notorious for including all sorts of checks throughout the application; this was no different. We discovered 3 issues throughout the month related to the consensus building between the nodes. These have been resolved in the last week, which now allow us to release mining software to the Alpha Testnet community.
"The first release of Portfolio will be coordinated with the launch of the Mainnet network."
Portfolio Update: Our front-end team welcomes three new engineers who are helping us build the Equibit Portfolio application. The first release of Portfolio will be coordinated with the launch of the Mainnet network. Initially, Portfolio will provide the ability for EQB owners to generate their keys, confirm ownership and control of their EQBs on the Mainnet blockchain, and enable bids/asks offers and transactions using atomic swaps with the BTC blockchain. The UI team will continue to troubleshoot and resolve issues and possible issues with the Portfolio application until launch. Numerous future capabilities, including the ability to atomic swap with additional cryptocurrencies and the ability to issue cryptosecurities will be released post-launch in an iterative fashion.
When Kik Interactive CEO Ted Livingston was quoted in a recent article saying that “Almost nobody should be looking at blockchain,” I’m sure many readers familiar with the space gasped in shock.
After completing one of the first-ever atomic swaps between two blockchains, Kiarash Narimani, Equibit Group’s development director, breathed a deep sigh of relief. Critical functionality in the company’s network had been proven, and with the first trade on Equibit’s blockchain complete, it was time to focus on other development projects on his list: overseeing ongoing R&D, developing the new Equibit Node-to-miner software and connecting Equibit Portofolio (the company’s wallet) to its end users, amongst other things.
Now, with Equibit set to go live and on the doorstep of revolutionizing the relationship between capital markets and cryptocurrencies, the pace at which he and his team has been working shows no signs of abating.
In our ongoing series profiling the people working to deliver the world’s first decentralized securities network, we chat with Kiarash Narimani about the future of securities, SHA-3 and the growing need for funding opportunities in equity markets.
TORONTO, Ontario - Equibit Group, global innovator in blockchain technology and applications for the securities industry, announces that as of today Nathan Wosnack has moved on from his roles as the company’s Chief Blockchain Officer and board member to focus on other business interests in particular the blockchain, real estate company, Ubitquity.
Tags: Press Releases
Academics and economists are suspect of bitcoin’s longevity and ability to stand up to economic theory. Several, who prefer Keynesian economic principles, take issue with bitcoin's inflexible supply and cast doubt on their legitimacy. Another school of economists, Austrian Economics, have analyzed Bitcoin's eligibility as money using Ludwig von Mises’ Regression Theorem.
The theorem explains the origin of the objective-use value of money by tracing it back step by step from the point at which it is being valued to the point where the monetary good served only non-monetary uses, an essential point preceding the first use of anything as money. Without this chain of events, the theory is invalidated; the new currency, irrelevant. Those who apply Regression Theorem, however, to discredit bitcoin as a legitimate form of currency haven’t looked at the theory closely enough. Here are a couple of explanations why.
The shift has already started; finance is moving onto the blockchain, leveraging the decentralization and disintermediation benefits of the technology’s architecture.
In March of 1933 FDR hosted the first ever Fireside Chat. Roosevelt spoke to Americans in an informal, conversational tone, describing what was happening in the country and abroad. Calmly and plainly he told the people about the country's banking system, about how it can recover, what everyone needs to do, and what people could expect to see. He even sneaks a quick economics lesson in.
Eighty-five years later we are pleased to launch the Equibit Group Minerside Chat. Bringing industry experts and thought leaders directly to your screens, covering all things blockchain, cryptocurrency, fintech, capital markets and more. Be sure to subscribe and follow Equibit Group for updates on new videos, events, interviews and more as they are released.
Welcome to the June newsletter! We were very busy in May with travel, meetings, tech advancements, speaking engagements, partner meetings, hiring and more. Not to mention getting ready for whats right around the corner in June.
The Equibit network protocol and applications have been under development for almost 3 years. On Friday, we celebrated an important milestone: the launch of the Equibit Testnet. We appreciate the efforts, patience, and support of everyone who contributed in this historic success. The media have been covering security tokens with great interest over the last few months. As the buzz dissipates, our vision for a dedicated, open-source, and decentralized cryptosecurities network will come out as the superior solution for capital markets. Our proof-of-work blockchain is live; it is built using proven and time-tested algorithms.
The next steps will involve the gradual release of features and scaling of the network over the coming weeks.
The first step was a call to the Equibit mining community, looking to connect with 6-12 experienced mining node operators to volunteer to help with quality assurance efforts. Operators who are able to install a system and have experience troubleshooting technical issues with minimal help or documentation. We have connected these initial nodes to our existing Testnet and testing is in progress.
The Equibit Miner and Equibit Portfolio applications will also be released, increasing the network's feature set gradually in preparation for the Mainnet launch scheduled for later this summer.
No one is missing out - this will not effect the early mining period. This is just the first round of community-focused quality assurance. We will gradually increase the number of participants over the coming days and weeks as the network grows and demonstrates stability. The Equibit Miner and Equibit Portfolio applications will also be released, increasing the network's feature set gradually in preparation for the Mainnet launch scheduled for later this summer.
Step 1: On June 1st, we engaged with a group of experienced miners and node operators to help launch the Testnet. We are distributing binaries of Equibit Core to this group and will connect these initial nodes to our existing Testnet. This will allow us to validate the propagation of transactions across the network.
Step 2: The next step will be the release of a GPU miner modified to support the Equibit protocol. We modified bfgminer, but we expect many other mining applications to adapt to our block template very shortly. This should follow shortly after the Testnet binaries are deployed and operational.
Step 3: In parallel to the Testnet activities, Equibit Group will be engaged with an external security firm to conduct a full audit of the protocol and applications.
Step 4: Once transactions and blocks flow securely across Testnet nodes, we will scale the Testnet to everyone in the Equibit Miner community. This will allow the miners/operators who have supported the network time to prepare their operations for Mainnet.
Step 5: Mainnet private launch to miner/operators community who supported or committed to mining the network. This private period will last 30 days.
Step 6: Mainnet Public Launch. The Mainnet launch will correspond with the release of Equibit network and application source code.
This coming year marks the ten-year anniversary of the publication of Satoshi Nakamoto’s often cited white paper that was instrumental in ushering in the current era of digital scarcity and opportunities we’re now witnessing.
Startups and small businesses tend to trail blaze with new technology as they are much more agile and flexible and we anticipate these leaner organizations to be the largest cohort of Equibit network users at launch. They will be enticed by the lower cost, security and ease of investor communications which the Equibit network offers. These same benefits, along the potential access to new and large sources of crypto capital will soon have large cap companies seeking out ways to leverage Equibit.
We have been working very closely with the IBM Cloud team for quite some time now to ensure we have the best possible infrastructure and available resources with the highest level of control and visibility into our data in time for our launch. Security and transparency continue to be our top priority and we are thrilled to announce Equibit Group has officially partnered with IBM Cloud to achieve just that.
Welcome to the May newsletter! April was a very busy month for us here at Equibit Group. We have a lot to fill you in on from events, to software updates, new partnerships, team updates and more.
For a myriad of reasons, ranging from compliance with regulators to the logistics of performing KYC on potentially tens of thousands of people in a matter of weeks, we have decided to forgo a public sale in favour of a private one. This change in strategy is further supported by the addition of Harvey to the team (see below).
We are still planning an airdrop but rather than having it be used with the intent of building an unwieldy Telegram group it will now be focused toward driving Equibit Portfolio (wallet) subscriptions, as well a subscriber database that can be used to further drive issuers. Imagine, for example, being able to tell a prospective issuer that the Equibit network contains 50,000+ investors with an interest in investing in crypto, fintech projects, speak English and have an investment portfolio of over 10 BTC.
Every day a new publication is breaking down the spatial organization of the financial system and its impact on the flows of capital to small and large firms across local and international markets. Decentralized vs Centralized and traditional vs innovative debates are had every day. With so much being written about their safety, security and longevity, why are so many companies looking to decentralized networks to fund growth?
Equibit is designed to do one thing and do it really well: enable a peer-to-peer securities network secured by our own blockchain.
So why should you use it?
In much the same way bitcoin is a use case of blockchain technology to currency markets, Equibit is set to introduce a new network and a new set tools for equity and debt markets.
Equibit Portfolio, our wallet, provides access to the Equibit network and the tools. It is much like a browser provides access to the internet and to all tools built on it.
April, 2017 Enterprise Security Magazine, page 22, Equibit Group - Capital Markets Meet Blockchain.
Amidst the hype and hyperbole about blockchain and blockchain-based applications, there’s a lot of chatter around scale and how, practically speaking, blockchain will make applications available to larger groups of people.
Welcome to the April newsletter! We've made significant progress and development at Equibit Group in the last few weeks. This edition contains: marketing, people and development news, as well as other important updates from the company.
Cryptocurrencies have proven themselves to be secure, stable and scalable systems that are having a transformative impact on securities, fintech, information and on how individuals organize themselves. Intermediaries are being challenged, business models questioned. The developed world has latched onto the idea of disintermediation and is exploring its commercial and social possibilities.
What will blockchains mean for people living in emerging markets? For the 2.5B adults who, as McKinsey, a consultancy points out, do not use banks or microfinance institutions as a store of value? Without access to financial services, simple credit and debt, it’s believed that these individuals have no means of participating in the economy. No interest. No access to loans. Nothing. (It’s interesting to note that this isn’t a problem tied only to emerging markets; approximately 25 percent of American households, for one reason or another, are also completely untethered to any single financial institution).
In our ongoing series introducing you to the people working to deliver the world’s first decentralized securities network, meet Christian Saucier, one of its founders.
Company calendars, analyst guidance, disclosures, annual general meetings (AGMs) (physical or virtual) - to do it right, Investor Relations (IR) requires an ongoing dialogue with stakeholders using these and other tactics. There’s no way around it. It’s a wide chasm across which both public and private companies must walk, balancing the disparate needs of stakeholders across various disclosure requirements.
"Equibit Group’s solution replaces depository and transfer agent services with open source, peer-to-peer networking software, creating unforgeable securities and indisputable titles. The Equibit network eliminates intermediaries and inefficiencies currently shrouding many facets of capital markets."
Atomic swaps make it possible for users to trade cross-chain, transferring ownership of different assets without the need for a trusted third party. Chris Horlacher's op-ed in International Business Times discusses atomic swaps on the Equibit network - read it here.
Welcome to the March newsletter! We've seen significant progress and development at Equibit Group in the last couple weeks. This edition contains: a marketing update, news on our world leading atomic swap, a more detailed road-map and other development news.
"Enter the Equibit Group, where Issuers and investors can instantly and cheaply transfer title to tokens called equibits without using transfer agents or depositories. Trading can occur anytime, anywhere, with settlement times of less than 10 minutes in many cases."
Last week, after demoing the soon-to-be released Equibit Portfolio (our wallet), featuring the completion of an atomic swap, our team marked the advancement of cryptocurrency trading, disintermediation and the security of the network, with a small toast. Why?
We’ve recently moved our Slack community over to Telegram and as the group grows, we’ve noticed similar questions coming up from our supporters. This blog will answer the frequently-asked questions about our launch plans and roadmap.
After nearly a year of hard work by the Equibit Group development team, we're proud to share a live demonstration of the soon-to-be released Equibit Portfolio (our wallet), featuring the completion of an atomic swap.
Welcome to the February newsletter - it’s been a busy January. Last month saw the mining of the Equibit network’s genesis block, successful internal demos of Equibit Portfolio (our wallet), our move over to Telegram, and a very well received exhibit at the Cantech Investment Conference, among other things.
Blockchain-based capital market applications, like Equibit Group’s, could save issuers millions in listing fees
Today the buying and selling of securities happens in nanoseconds thanks to modern trading platforms. Faster, in some cases. But the actual clearing and settlement of those trades - where buyers take asset ownership and sellers get paid for their end - still takes several days to complete. Why?
The capital markets industry has long needed an overhaul. The existing process to list an issuance and invest is antiquated, with transfer of value and record management too reliant on vulnerable and costly intermediaries.
So, we’re revolutionizing the capital markets with a decentralized securities network.
The development of the internet enabled great progress in investor relations (IR). But despite the advances, efficiently managing shareholder records and communicating directly with shareholders has remained a challenge. By removing system redundancies that can mask true share ownership, blockchain technology makes IR simpler, faster, and more reliable.
With an expanding team, we’d like to introduce you to the people who are working to deliver the worlds first decentralized securities network. Welcome to the first in a series of Equibit Group profiles.
Not only the start of the new year, January 2018 marks the official start of the Equibit blockchain (more on that in our development update). Following this theme, we also recently told the Equibit genesis story.
The upswing in crypto projects over the last year needs no introduction. While the 2017 data has yet to be compiled, according to a Deloitte report, in 2016 there were 26,000 new projects launched — a strong newsletter and stakeholder communications plan will set you apart.
It was 2010 When Equibit Group’s CEO Chris Horlacher first learned about Bitcoin. The world was still reeling from the financial crisis that proved just how murky the existing global financial system was.
In 2008 global financial institutions showed the world why trust in them was no longer inherent; their interest in greater returns outweighed their interest in protecting the financial being of their clients and capital with which their depositors and investors had entrusted them.
As the holidays approach, we take the opportunity to express our gratitude to you, our community, for your support and commitment to the development of the Equibit networkand Equibit Group. Building a solution that will change how financial institutions perform business, and further democratize the capital markets, is not something done without careful strategy and execution and so we thank you for your passion and patience for our project.
With growth capital becoming increasingly challenging to navigate, a tokenized equity offering provides a viable and attractive alternative. The benefits of blockchain-based assets are numerous, both for the issuer and investor, offering a far more efficient and effective method of transacting value. A real store of value, cryptocurrencies allow for direct transaction between parties and ensure authority of ownership, unlike traditional securities.
The stock market has been in need of innovative disruption for many years and blockchain technology is the answer; it's time to move away from a centralized system. This infographic, produced in collaboration with Visual Caitalist, presents a high level overview of what blockchain will do for the capital markets. Find out more about what Equibit Group is working on, here.
A token that ushers the world of financing into the future, EQB, or ‘Equibits,’ is the native access token for Equibit, a platform that allows company issuers and investors to interact without the costly intervention of third parties like stock exchanges, brokers, and transfer agents. Through the Equibit platform, EQB provides access to a new and innovative capital markets experience.
Representing a significant shift in Equibit Group's audience and community growth, our seventh newsletter has been widely distributed amongst an audience of interested miners, investors, issuers, financial institutions, and more. To all, welcome! We look forward to sharing our monthly updates with you.
Offering a more secure structure for storing and transferring data, distributed ledgers decentralize data across nodes, removing a single point of failure. The incorruptible nature of blockchain technology modernizes the age-old centralized structure of databases, but it is the cryptography employed by a blockchain that ensures only certain users are able to access certain data.
Architected with miner and user adoption in mind, the Equibit network is designed to follow a natural production curve and provide the network with an apt supply of tokens as it develops in use. By engineering the production of EQB coins in an S-curve and in line with the network effect, Equibit Group ensures that coins are released in parallel with platform adoption, translating into better price stability, miner profits, and decentralization.
TORONTO, Ontario - Equibit Group, a global innovator in blockchain technology and applications for the securities industry, has released its platform white paper, Equibit: A Peer-to-Peer Electronic Equity System, translated into two new languages: Spanish and simplified Chinese.
TORONTO, Ontario - Equibit Group, global innovator in blockchain technology and applications for the securities industry, announces today that Marc Godard will move on from his role as the company’s Chief Technology Officer on August 15th to focus on other business interests. He will still be available on a contractual basis to Equibit Group.
Tags: Press Releases
TORONTO, Ontario - Equibit Group, creator of the Equibit blockchain and blockchain applications for the global securities industry, has unveiled its first look at Portfolio, its new digital wallet for the Equibit system.
TORONTO, Ontario - Equibit Group, a world leader in blockchain technology and applications for the global securities industry, today applauded the U.S. Securities and Exchange Commission's ("SEC") most recent ruling, which states that the sale of certain digital assets through an initial coin offering ("ICO") are subject to the requirements of federal securities law.
TORONTO, Ontario - Equibit Group, the creator of the Equibit blockchain and blockchain applications for the global securities industry, is pleased to announce the appointment of Stephen Barnard to the role of Vice President of Marketing. In this role, Barnard will work closely with Chris Horlacher, Chief Executive Officer, Equibit Group, in overseeing the company's marketing efforts in Canada and worldwide.
Tags: Press Releases
TORONTO, Ontario — Equibit Group, creator of the Equibit blockchain and blockchain applications for the global securities industry, is pleased to announce that it is assembling several committees of advisors to the board to help guide the company’s leadership by offering advice, insights and analysis in areas of the respective member’s expertise.
Tags: Press Releases
TORONTO, Ontario — Equibit Development Corporation, creator of the Equibit blockchain and blockchain applications for the global securities industry, is pleased to announce that it has joined one the world’s most prestigious federations of Blockchain and Meta-Asset companies, Agentic Group.
Tags: Press Releases
EDC, creator of the Equibit capital markets network, is moving ahead with its ambitious development roadmap after the successful closing of its initial coin offering in March. Christopher Donville spoke this week with EDC Chief Executive Officer Chris Horlacher about what comes next for the Toronto-based blockchain company.
TORONTO, Ontario — Equibit Development Corporation has announced the addition of two developers, Sergei Sachkov and Kiarash Narimani, to its existing team. With the recent completion of its digital token crowdsale, the Toronto-based company is moving on to its next set of milestones, which includes preparing the Equibit Core and Web Portfolio Github repositories for public release.
Tags: Press Releases
TORONTO, Apr 4, 2017 – The National Crowdfunding Association of Canada (NCFA Canada) today announced that Chris Horlacher, Chairman & CEO of Equibit Development Corporation, has joined the Association’s Ambassadors Program.
Tags: Press Releases
Friday, March 31st, marked the close of our public coin offering, an event that brought together visionaries who see the potential for innovation within the capital markets, members of the crypto-community attracted by an existing, mainstream use case for blockchain application, as well as established participants from the securities community. We want to offer our sincere thanks and appreciation to everyone who participated in the ICO.
With the recent introduction of IBM’s Blockchain-as-a-Service, IBM Blockchain for Hyperledger Fabric v1.0 beta program, we see a significant push for blockchain to enter the mainstream. We’ve already seen notable groups make moves towards exploring blockchain for their industries, including Nasdaq Linq and consortiums of Canada’s and the US’s biggest banks, but an enterprise offering further confirms and validates the use cases for existing businesses across all industries.
TORONTO, Ontario — Equibit Development Corporation, creator of the Equibit blockchain and blockchain applications for the global securities industry, is pleased to announce the sale of more than $500,000 of equibits since the Feb. 1 launch of the coin offering.
Tags: Press Releases
TORONTO, Ontario — Equibit Development Corporation, creator of the Equibit blockchain and blockchain applications for the global securities industry, opened its public EQB sale offering on Feb. 1 selling $250,000 worth in equibits on the sale’s first day.
TORONTO, Ontario — Equibit Development Corporation, creator of the Equibit blockchain and blockchain applications for the global securities industry, has unveiled a two-year roadmap for extended value creation in the wake of its ongoing initial coin offering.
Equibit, issuers can securely communicate with their shareholders, collect votes, distribute earnings, and update their shareholder registers in real-time at little to no cost, said the company.
The [network] will allow [users] to trade securities without intermediaries. It will help save billions of dollars of fees to brokers and trading agents and bring the money to the development of businesses.
"Investors and consumers will ultimately be the main beneficiaries of these innovations. The cost of financial services will be brought down immensely and made more accessible. New pools of capital will open up to be used for financing and finding investors from all over the world will become easier than ever before. We truly are on a new technological frontier ..."
Equibit is a blockchain-based securities register allowing for efficient management of OTC equity, warrants, partnership units and more. The system includes a shareholder communications system, as well as the ability to easily issue BTC-denominated dividends and distributions to holders of equity; jobs typically performed through transfer agents and central depositories at great cost to issuers and brokers.
Equibit is a decentralized asset register. Similar to Bitcoin, which covers monetary assets, Equibit covers for stocks and securities. In Equibit, stocks are tagged, and these tags are entered onto the Blockchain, each stock will have a unique key, which will be associated with the buyer’s other public keys for bitcoin wallet, communications client etc.
Equibit is different, it is created with traditional investors in mind, with the hopes of funding traditional businesses as well as cryptocurrency related ones. Those other projects, I don’t think they would object from me saying, are an attempt to bring equity funding to Bitcoin or cryptocurrencies ...
"Equibit, will allow investors and securities issuers to do business without any third parties. If successful, this peer-to-peer electronic equity system will revolutionize securities trading.
The Equibit [network] will allow issuers to easily maintain equity across a broad base of investors as well as distribute earnings via instant and automatic bitcoin transfers. The system can also handle the entire process of polling shareholders in an entirely transparent and auditable manner. These features are delivered through an easy to use client program providing a significant leap forward in the security and transparency of traditional OTC markets.
The Equibit [network] will allow issuers to easily maintain equity across a broad base of investors as well as distribute earnings via instant and automatic Bitcoin transfers. Shareholders can also be polled in an entirely transparent manner with this proposed system
The Equibit [network] will allow issuers to easily maintain equity across a broad base of investors as well as distribute earnings via instant and automatic bitcoin transfers. The system can also handle the entire process of polling shareholders in an entirely transparent and auditable manner