BitShares - Bitcoin 3.0 technology is reshaping decentralized business

Rage Comment : With the advent of the blockchain and smart contract era, the concept of multinational enterprises has been redefined. DAC (Decentralized Autonomous Corporation) has begun to appear, and both Bitcoin and BitShares can be regarded as a DAC. DAC is a relatively complex concept, but it may become more and more important in the future. Just a few days ago, after BitShares 2.0 landed on Microsoft's cloud service platform Azure, the concept of decentralized groups has also become popular. Some of the blockchain projects introduced in this article are very new. If you need to know more, you may need to refer to more relevant information.

Translation: Annie Xu

With the advent of the blockchain and smart contracts era, the concept of multinational enterprises has been redefined. Inter-enterprise alliances have taken on a new form, called decentralized conglomerates (DC). This new form is seen as an advanced way to build communities and diversified markets. If we didn’t live in a completely new world in the past, let’s wait and see what happens next.

We have all heard of industrial groups like Phillip Morris and Hanson Plc. Then came the Internet and digital technology groups, such as Google and its parent company Alphabet, which have gone beyond search engines and global information integration. Other industry companies include Time Warner.

Some people may say that digital technology groups have already existed, but we just didn’t realize it. Now we are talking about decentralized groups.

The definition and record of the development of the decentralized group are all about the field of crypto technology. Its concept originated from the release of the OpenLedger platform by BitShares in October last year. It is a global sharing platform based on the BitShares2.0MT graphene blockchain technology, and the code base is completely open source.

The concept of decentralized groups has become popular since BitShares 2.0 was called Bitcoin 3.0 technology in February, and after OpenLedger's BitShares 2.0 landed on Microsoft's Azure blockchain-as-a-service platform yesterday.

A few weeks before BitShares 2.0 was launched on Microsoft’s Azure blockchain-as-a-service platform on March 9, 2016, the concept of “free assets” providing private transfer services had just emerged.

The comprehensive regulatory framework of blockchain greatly reduces transaction and transfer fees. In the past 24 hours, BitShares stock price rose 40%.

The market seeks more options, and decentralized groups allow many institutions to help each other and cooperate on a global platform for win-win results. The result is that the entire network benefits from corporate mutual assistance, at least in the intention.

CCEDK CEO: Ronny Boesing

Ronny Boesing, CEO of Danish cryptocurrency exchange CCEDK and founder of OpenLedger, commented:

“A globally shared platform enables institutions to have a common interest in the platform without the platform having to exert influence over those institutions.”

“This way, the development of personal brand identity does not need to be compromised by a larger decentralized group. This platform also creates a convenient ecological environment for institutions to directly participate in each other’s investments.”

This means that all institutions investing through the platform can benefit from the success of others, and these companies can share the benefits without having to coordinate with each other.

“Decentralized groups mean that corporate collaboration happens in an automated system. The global shared platform developed by the OpenLedger team allows companies to gain group support by sharing interests.”

The first benefit of this “innovative development” is the cooperation within the BitTeaser community and the issuance of the digital currency OBITS (BitTeaser is a blockchain advertising network, essentially an encrypted version of Google AdSense).

In early March, bloggers of the OBITS Blog Club received BitShares and OBITS, which were equivalent to 11 Bitcoins and worth $4,500. Contributors here can get real digital currency, and although the amount is not much, it represents a new beginning.

BitTeaser launches a public pre-sale, where 10% of the proceeds will be shared with the OBITS community as it shows its willingness to support the BitTeaser community. The planned public sale date is March 11, 2016.

This partnership has already benefited community participants. This profit-sharing approach allows communities to benefit from each other’s success in open decentralized trading platforms, such as OpenLedger.

Ronny Boesing predicts that decentralized groups will soon prove to be “superior to existing models and can modernize the operations of enterprise-level institutions.” Currently, the project is entering its first phase, which is the so-called “cross-institutional” benefit sharing.

So far, the benefits of OpenLedger and BitTeaser blockchain advertising networks have been finalized. Open Assets' future deposit and withdrawal service fees include fiat currency and all CCEDK OPEN.xx digital currency transaction fees, including Bitcoin, DASH, Ethereum, NuBits assets and fiat currency, OPENPOS and other asset transaction fees.

OPENPOS is a token for investing in the BitShares wallet v.1.0 for Apple, Android and SmartCoins POS systems.

The next shared benefits come from the 35% fee income of the TipBot project BitShares and the NanoCard transaction service income. NanoCard is the world's first real digital currency debit card launched by CCEDK. In the future, the income of the OBITS project will be market-leading.