1 month ago
A blockchain arbitration company that uses smart contracts to manage dispute resolution around blockchain transactions has announced plans to list on the Main Market of the London Stock Exchange.
Proof of Trust Ltd. CEO Dean Armstrong says the blockchain arbitration company is excited about the planned listing and “look[s] forward to providing investors with the opportunity to share in this groundbreaking project.” It did not give any financial details or timetable for the listing.
The company describes its proprietary technology as potentially the first-ever “insurance protocol for blockchain transactions and smart contracts.” In a statement, the firm says, “The Proof of Trust owns the worldwide patents to a protocol which facilitates clear dispute resolution based upon smart contract disputes which are highly efficient both in terms of speed and use of resources.”
The system also delivers an anti-collusion algorithm to ensure the authenticity of data used to execute smart contracts. According to Proof of Trust, governments and corporations around the world are looking at the protocol, and has been presented to a number of prime ministers.
Crypto- and blockchain-related firms increasingly seek listing on established traditional finance exchanges such as the LSE. The novelty and recent high volatility of cryptocurrencies have raised doubts among traditional investors. Listing on highly respected stock exchanges lends credibility to blockchain-based financial service providers.
(Source: FX Street)
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