The Jumpstart Our Business Startups Act, or JOBS Act, is intended to help solve the funding problems that private companies typically encountered by giving them access to a completely new source of funds.
Reg D 506(c), companies can use general solicitations to attract accredited investors and there is no limit to the amount of money that can be raised.
Under Reg A+, companies can raise up to $50-M a year from non-accredited investors.
The Delaware Blockchain Amendments and CA Senate Bill 838 allow a corporation to issue shares and maintain its stock ledger on a blockchain through smart contract, without the need for a single central officer or agent (e.g., the corporate secretary or transfer agent) to serve as the recorder and clearing house for all issuances and transfers.
Ohanae will be seeking approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to operate as a registered transfer agent and broker-dealer.
Ohanae Pte Ltd, a wholly owned subsidiary of Ohanae, Inc., (incorporated in Singapore) will be applying for a Recognized Market Operator (RMO) Tier-3 license from the Monetary Authority of Singapore (MAS).
At present, applications for RMO is governed under the Securities and Futures (Organized Markets) Regulations 2018 (“SF(OM)R”). While it is noted that the MAS proposed to expand the existing RMO regime from a single tier to three separate tiers (i.e. RMO Tier 1, Tier 2 and Tier 3), the proposed amendments have yet to be implemented.
We can think of self-sovereign identity as a digital record of identity information that you control. You can reveal some or all of it. You can also record your consent to share data with others, and facilitate that sharing.
Claims made about you in identity transactions can be self-asserted, or asserted by a 3rd party whose authenticity can be independently verified by a relying party.
We are still a long way away from an identity system for the Internet that can allow users to have ownership over their identity, without the need for authorization from someone else.
Self-sovereign identity on blockchain not only ensures immutability of records and streamlines user experience by eliminating repetitive identity verifications, but also has the potential to improve transparency for compliance such as Know Your Customer (KYC).
The Ohanae Asset Tokenization Platform implements Ethereum in a way that is optimized for enterprise, and asset tokenization.
The Ohanae TrustChain Architecture stack defines the building blocks needed to drive the next generation of enterprise Ethereum applications that, like the Internet, will work anywhere and is capable of facilitating smart contracts without intermediaries.
There is no server or software to buy or manage, you focus solely on building smart contracts that include built-in stablecoins for payments, file security, document tracking, identity and access management based on self-sovereign principles.
For identities to be self-sovereign, they need to reside in an environment of dispersed trust, not belonging to or controlled by any single organization.
The TrustChain network will be governed by the Board of Trustees. These trustees approve the policies governing selection of Validators — the trusted institutions who operate the nodes of the distributed ledger.
Ohanae delivers TRUST by reimagining blockchain for enterprise, self-sovereign identity, password management, secure file sharing, and document tracking to let you directly connect with customers, increase partner success, and drive employee productivity like never before.
Ohanae protects passwords and data on any type of file, on all popular devices and in the cloud, and securely shares that with anyone. Ohanae's unique approach allows security to travel with shared files, giving organizations full visibility and control over all communications at all times no matter where they are or what platform they may be on.
Ohanae is introducing two cryptographic tokens, named Ohanae token (stablecoin) and TrustChain Credits. The cost to use the TrustChain network is based on usage, independent of Ohanae token exchange rate.
To use the TrustChain protocol, Ohanae tokens must be converted to TrustChain Credits. TrustChain Credits are then used to make entries into the TrustChain protocol. Once an Ohanae token is used, the right is gone. The right to write into the TrustChain protocol is generated by validators running it, and this right is ended by those using the protocol.
The idea is to align incentives so that validators that run the protocol are rewarded if and only if the protocol is valuable.
Ohanae is implementing the concept of Premium Claims which are priced by the claim issuer. The issuer may be an organization or an individual. If the identity owner self-issues a premium claim, the user could set a price for it and the market will determine if it is a price worth paying. In addition, individuals may receive a slice of payments for premium claims about them which they choose to reveal to relying parties.
Ohanae anticipates that 3rd party service providers will create innovative services that create new markets for personal data—to the benefit of individuals and organizations.
Designed to enable value exchange with the same privacy-preserving properties of the TrustChain network, the Ohanae token aligns incentives for identity owners, claims issuers, verifiers, and validators.
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