DE­MOC­RA­TIZ­ING THE FI­NAN­CIAL MAR­KETS

Every­one’s talk­ing about blockchain – that mys­te­ri­ous new tech­nol­ogy in­her­ently linked to cryp­tocur­ren­cies. The more it seeps into the pub­lic de­bate, the more we fo­cus on its im­pli­ca­tions for so­ci­ety in gen­eral.

METROPOLE - Vienna in English - - TECHNOLOGY -

We’ve seen that dig­i­tal­iza­tion em­pow­ers the crowd, the power of the crowd lies in par­tic­i­pa­tion and par­tic­i­pa­tion is a fun­da­men­tal pil­lar of democ­racy. But to par­tic­i­pate, we need trans­parency, oth­er­wise how would we know how, when and where to get in­volved? That’s where blockchain comes in. Be­lieve it or not, one com­pany has taken this logic to the next level with its Ini­tial Coin Of­fer­ing. By in­tro­duc­ing blockchain tech­nol­ogy into the al­ter­na­tive fi­nance mar­ket, it will de­moc­ra­tize the par­tic­i­pa­tory process even more. Daniel Ho­rak and Paul Pölt­ner, the two founders of the Aus­trian crowd­in­vest­ing plat­form CONDA (www.conda.eu) claim that with this ICO, they will “rev­o­lu­tion­ize the al­ter­na­tive fi­nan­cial mar­ket.”

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