👉 Bitcoin ETF Approval Signals the Need for Blockchain-Focused Regulations: Enter Logion’s “Proof-of-Law”
🔎The US regulator’s approval of bitcoin ETFs at least acknowledges the potential of the underlying #blockchain technology. 📣For Gary Gensler, Chairman of the SEC : “no doubt there is innovation in the field here”. And for Larry Fink, CEO of Blackrock : ETF is “a technological revolution for asset and wealth storage and the stepping stones towards tokenization”, with tokenization described as a system where, thanks to blockchain ledgers, everyone with its own identification and portfolio can have customized strategies supported by instantaneous settlement, and where each individual identified as an owner can vote for their own shares. The main intention, of course, is to provide #liquidity to the system.
⚠️But, beyond this enthusiasm on technological solutionism, the question is : who is ruling the game ? What comprehensive understanding and legal guarantees do we have on the process ? How does this financial technology guarantee to be linked to and serve #wealth creation in the real economy ?
⚖️It is more necessary than ever to properly regulate blockchain systems according to an architecture that respects both the principles of #Web3 and the Rule of Law, the foundation of democracy, which is precisely where Logion’s strengths lie.
Our ‘Proof of Law’ architecture is designed to bridge the gap between the innovative potential of blockchain technology and the necessary legal and economic framework to ensure its safe and responsible usage.
In pursuit of a secure blockchain ecosystem, Logion’s strategic partnerships in demand certification, real-world asset tokenization, and DeFi regulation exemplify its commitment to responsible innovation and regulatory excellence.
In collaboration with I TraceIt, Logion aims to set industry benchmarks for token integrity. This partnership emphasizes rigorous demand certification processes, ensuring that each diamond will be highly certified. By prioritizing authenticity and reliability, this alliance fortifies legal certainty, assuring users of the legitimacy of digital assets within the Logion ecosystem.
Teaming up with real-world asset tokenization experts Magma, Logion pioneers the integration of tangible assets into the blockchain. Through this partnership, Logion navigates legal complexities, certifying compliance with existing regulations for seamlessly tokenizing physical assets. This strategic collaboration not only enhances liquidity opportunities but also establishes a crucial link between traditional finance and the transformative potential of blockchain technology.
Recognizing the surge in decentralized finance (DeFi), Logion joins forces with regulatory and DeFi experts JOIN. This initiative focuses on creating a robust framework for responsible and secure decentralized financial protocols. Addressing concerns like transparency and security, Logion’s partnership in DeFi regulation aims to implement certification mechanisms, contributing to a regulatory environment that safeguards users and promotes the ongoing growth of decentralized finance.
👉We believe that in our growing data economy based on the convergence of AI, IoT and blockchain, technology in itself cannot provide the necessary legal certainty in terms of recourse to the law in the event of a problem.
👉We believe that the complexity of IT systems, software layers and data processing requires a new way of regulating at the finest level of granularity in blockchain environments: the token !
🚀This is Logion’s innovation :
- a public blockchain operated by a decentralized international network of sworn judicial officers,
- a #certification process that links any token or transaction with its respective chains of responsibilities and evidences, via verified issuers qualifying the content associated with token/transaction, rending any tokens, on any blockchain, legally enforceable,
- an infrastructure agnostically integrated into token-holding blockchains.
#RegTech
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