BitTeaser

Thursday, March 10, 2016

User Issued Assets



"In addition to the aforementioned market pegged assets, BitShares allows individuals and companies to create and issue their own tokens for anything they can imagine. The potential use cases for so called user-issued assets (UIA) are innumerable. On the one hand, UIAs can be used as simple event tickets deposited on the customers mobile phone to pass the entrance of a concert. On the other hand, they can be used for crowd funding, ownership tracking or even to sell equity of a company in form of stock.

Obviously, the regulations that apply to each kind of token vary widely and are often different in every jurisdiction. Hence, BitShares comes with tools that allow issuers to remain compliant with all applicable regulations when issuing assets assuming regulators allow such assets in the first place."

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