Elevate your enterprise data technology and strategy at Transform 2021.
Open source think tank announces first initiative: JOBS Crypto Offering, resolving regulatory uncertainty of Initial Coin Offerings
WEST PALM BEACH, Fla.–(BUSINESS WIRE)–May 1, 2018–
Leaders from Finova, Indiegogo, 500 Startups, Ausum Ventures, and others announced today the formation of the Institute for Blockchain Innovation (IBI). The open source think tank will work to establish standards and best practices to enable and encourage advancements on the blockchain.
“IBI is an open source community who believe that the impact of the blockchain will be even greater than the internet,” says IBI Founder and Chairman Gregory Keough. “We believe that the blockchain will be a powerful engine for bringing more people into prosperity and encouraging innovation at an unprecedented level.”
The new think tank brings together the world’s innovators in both the traditional and the blockchain/crypto financial systems, along with leaders from corporate, academic, regulatory, entrepreneurial, venture capital, and governmental backgrounds.
“I fully expect the blockchain and crypto to completely eclipse our current financial services and Wall Street investment systems,” says IBI founding member and Ausum Ventures CEO Jeremy Gardner. “IBI will play a pivotal role in achieving that vision on a global scale and creating a more inclusive system for everyone.”
Each year, the Institute will identify key initiatives to pursue. The Institute’s first initiative is the JOBS Crypto Offering (JCO): a new approach to trading digital equity securities (commonly referred to as “equity tokens”) on the blockchain that creates a solution for the regulatory gap in ICOs while providing liquidity in a crowdfunding model.
The JCO is a next-gen hybrid that gives startups a pathway from initial capital to IPO on the blockchain so that companies all over the world can more easily tap into the financial resources they need to grow.
About The Institute for Blockchain Innovation
The Institute for Blockchain Innovation is a think tank of the world’s innovators in both the traditional and the blockchain-based financial systems, along with leaders from corporate, regulatory, entrepreneurial, venture capital, academic, and governmental backgrounds. The open source community is dedicated to establishing standards and best practices to enable and encourage the global community to take advantage of the full power of the blockchain. Each year, the Institute identifies a key blockchain initiative to pursue.
For more information: www.instituteforblockchaininnovation.org
Photo library of IBI founding members: https://drive.google.com/drive/folders/11JrYd-9K7-FSduzFFDAKewM-74xPFgKU?usp=sharing
This press release should not be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. We are not soliciting any action based on this material. It is for the general information of our clients. It does not constitute a recommendation or take into account the particular investment objectives, financial conditions, or needs of individual clients. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. The price and value of the investments referred to in this material and the income from them may go down as well as up, and investors may realize losses on any investments. Past performance is not a guide to future performance. Future returns are not guaranteed, and a loss of original capital may occur. We do not provide tax, accounting, or legal advice to our clients, and all investors are advised to consult with their tax, accounting, or legal advisers regarding any potential investment.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more