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Blockchain for startups

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Blockchain for startups

Post by anonymous19 on Sun Apr 16, 2017 2:44 pm

Today's world gives us unique opportunity to create our own jobs. Traditional industries are disrupted, traditional jobs are becoming obsolete. Emerging creative class is increasingly turning to entrepreneurship. The future is going to be shaped by entrepreneurship. Startups need readily available capital that is as agile as this new market reality. Bank transfers don’t quite cut it, traditional exchanges are walled gardens, and there is no good way for small businesses to raise money publicly without getting the short end of the stick in some regard. The world’s current financial system is outdated and holds everyone back.
A blockchain-based financial platform will change the process. The underlying technology, blockchain, is a distributed database of chained records that replaces middlemen and automates a lot of bureaucratic hurdles.

What's in it for Entrepreneurs
Entrepreneurs can receive funding faster. Traditional funding deals can take months and even years to conclude. With blockchain it can take as little as 5 minutes. Most procedures will be simplified. Starting a legal entity, issuing shares, going public — all these take energy and time.
All transactions are transparent and accountable. All records in blockchain are connected to the one before and the one after it, yielding a traceable history of every transaction.Blockchain will empower entrepreneurs and will help us build a new, inclusive economy free from excessive regulation and limitations. It is a truly disruptive technology able to build a better, fairer version of our society.

For example
To issue stock, most entrepreneurs now need a lawyer, sometimes an accountant, and a bank for transactions. With blockchain they can create digital share certificates to manage their cap table automatically.

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