Neuroware

October 14th - 2016


When we first announced the launch of the new ATA-Plus blockchain-enhanced ECF (equity crowdfunding) platform, we failed to mention that the immutable database and direct Bitcoin investments were only the first phase of development we were contracted to deliver. The second phase that we are now working on revolves around the keyless issuance and usage of custom tokens generated and transferred between parties using a combination of technologies. By storing smart-contract variables, token interfaces and the state schema structure within a distributed multisignature database with an inescapable auditing process using Cortex, ATA-Plus have been able to overcome several problems faced by many within the FinTech ecosystem. Trusting maths over human motivation enables organizations to outsource innovation, free from the constraints and reconciliation of batch processing CSV files at the stroke of midnight.

The first company to benefit from the innovations introduced in phase two will be Skolafund, who crowdsource funding for tertiary education. As a social enterprise, they address disadvantages of conventional merit based scholarship systems so upon completing their campaign next month, 2% of the amount raised will be rebated by ATA-Plus as digital tokens. Half of those tokens get disbursed to Skolafund with the other half going to those who invested. These tokens can then be used in exchange for approved socially beneficial products and services offered by other eneterprises and institutional CSR campaigns.

When people learn that the most often requested topic to be discussed at our paid corporate training and private workshops are the creation of distributed loyalty reward solutions, we’re quick to share why we believe they’re the most important assets within the fintech space. Not only do they provide institutions with an unregulated and risk free way to experiment with distributed ledgers, but more importantly do so in a way that is relevant to the finance sector. When digital money becomes a reality, whether it be centralized by private ledgers or freely available to anyone anywhere using public ledgers, these digital multisignature loyalty systems can be cost effectively converted into the fully functional and secured financial wallets of the future.



Working with the BlockChain Embassy of Asia has also taught us the important role that these same custom token solutions play in the governance of distributed organizations. This same foundation applies to digital unit trusts, which is an area that ATA-Plus and the Securities Commision of Malaysia have been working to address. Malaysian law currently has a limitation of 50 shareholders within a company. With Cortex and the support of the crowd, we believe that Malaysia will play a critical role within the Southeast Asian distributed ledger landscape and will soon see blockchain-based incorporation, insurance and much more.

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Jalan Sentul, Kuala Lumpur