Government Regulation Isn’t Necessary
The faint sounds of government regulation of are showing up more and more around the cryptocurrency world. It is inevitable so we must get used to these headlines. Most of us agree that government intrusions are nasty. But there is an alternative.
SilentNotary, the world’s first blockchain notary is all about building trust and verification supports the notion that investors should have confidence when putting their capital in a cryptocurrency or an ICO. Scams like Confido hurt every honest group seeking financing to bring about positive change.
But even though they are extremely rare, scams are the reasons that regulators argue for strict rules that ultimately chock off the free flow of capital. Permit me to digress for moment with a question. How many cryptocurrency trading platforms currently refuse American customers because they are unwilling to comply with the ridiculous number of US Treasury Department Know Your Customer (KYC) and anti money laundering rules?
The DYI Solution For ICO’s
Throughout history the best way to prevent unwanted regulation is with a Do-It-Yourself defense: self-regulation. This is what struck me when I read the news that by early next year the blockchain platform Waves will start a self-regulatory group to establish standards for ICOs.
According to Alexander Ivanov, CEO of Waves, “regulations are clearly an emerging phenomenon and concern”. The association will be blockchain-agnostic and will work with the ICO Governance Foundation to provide a guide to best practices and for launching token sales.
From the start, the association will include Deloitte CIS, the ICO Governance Foundation and the Ethereum Competencies Centre, and aims to set legal, tax and accounting, KYC and business due-diligence standards for the industry.
Strong Support From SilentNotary Founders
The founders of SilentNotary, Max Breus and Aleksey Petrov support the spirit of the Wave initiative. Trust is the cornerstone of SilentNotary’s mission so it is natural that Max and Aleksey strongly endorse this project.
In today’s data intensive world there is much reason for distrust. Conventional data silos and new cloud facilities are routinely being hacked. Data is being stolen, easily falsified or misinterpreted resulting in conflicts, reputation damage and loss of hundreds of millions of dollars every year.
What You Should Know
SilentNotary is a digital notary that saves and certifies documents, emails, chats, audio and video recordings. Document and transactional authenticity is verified and secured using Ethereum blockchain technology. To this SilentNotary’s development team has created patent pending Lightstamp technology.
SilentNotary is the world’s blockchain notary and intends to use it first mover advantage to address one of today’s major problems. Data is easily falsified or misrepresented resulting in conflicts, damage and massive financial loss.
SilentNotary is the only digital notary to offer a complete array of serviced including B-2-B, B-2-C, B-2-G and IoT using a full array on user interfaces: chatbots, email, audio and video recordings. All user information is securely stored in the Notary Vault and accessible whenever needed.
Wherever in the world there is a need for trust and verification, SilentNotary has a customer. This includes more than 60,000 companies connected to over 2.3 billion mobile users.
Team SilentNotary now totals more than 15 and growing. In addition to a group of seasoned developers, our strength is built around financial and legal experts, product designers and marketing specialists. This is real firepower.
SilentNotary Celebrates With An ICO Holiday Sale
In the spirit of the holidays, SilentNotary is holding a Christmas and New Year Sale from December 13th until the 27th. Registered participants will receive a one-time discount of 24%. This offer is only good during the limited time so be sure to get registered now. We look forward to sharing the holiday spirit with you.
James Waggoner
