The beginning of 2018 ushered in a global investment environment with asset prices at an all time high in many markets. Retail and institutional traders can now trade Blockchain assets on major global exchanges.
In the share market, the aggregate market capitalisation of all companies on major equities bourses will likely soon eclipse US$100 trillion, a record high. In the bond market, significant amounts of liquidity have flowed into fixed-income products such as notes and bonds over the past several years. In this asset class, there is more than US$10 trillion of sovereign debt outstanding globally with real negative inflation- adjusted yields – a hangover from several unprecedented rounds of central bank-managed quantitative easing.
WHAT IS BLOCKCHAIN?
Against this backdrop, it is hardly surprising that investors have embraced Blockchain, a distributed ledger technology that has spawned an investment class unto itself. Blockchain-derived cryptocurrencies and tokens are issued by companies and others looking to source venture and growth capital through non-traditional distribution channels, including direct sales to investors through initial coin offerings (ICOs). It is estimated that Blockchain devotees raised in excess of US$5 billion in 2017 through initial coin offerings. Everything from money remittance and data storage to renewable energy and digital banking are being financed through these alternative funding mechanisms.
RAPID INTERNATIONAL GROWTH
The total market capitalisation of all cryptocurrencies and tokens traded on cryptocurrency exchanges – the de facto secondary market for Blockchain assets – has recently eclipsed US$800 billion for the first time ever. Likewise, 24-hour trading volumes have recently vaulted above US$40 billion as investors have enthusiastically chased coin valuations higher, despite their inherent volatility. More than 200 cryptocurrency exchanges exist worldwide, representing digital venues for traders and investors eager to gain exposure to the 1,300+ unique Blockchain assets in the digital landscape.
Cryptocurrencies like Bitcoin, Ethereum and Ripple have assumed prime positions in the lexicons of this new breed of digital investor. The meteoric ascent of the prices of many digital assets has confounded many seasoned retail and institutional investors. While there are likely some frothy, overbought conditions in some of these digital assets, it is likely that cryptocurrencies with legitimate, long-term value propositions and staying power will be rewarded with appropriate valuations that evidence and demonstrate their contributions to the global digital economy and Blockchain industry.
One such cryptocurrency striving to make positive and long-term contributions to the digital landscape and global economy is DasCoin. First conceptualised years ago and launched in 2016, DasCoin’s proprietary Blockchain technology went live in March 2017, the same time that DasCoin was first minted. The DasCoin Blockchain is a mutual distributed ledger that creates and distributes cryptographic assets, and then securely facilitates their storage and exchange. DasCoin’s Blockchain forms the nucleus of a digital asset system (DAS) known as the DasEcosystem. This ecosystem has been structured to deliver a set of value exchange solutions that offer enhanced security, greater utility, increased scalability, wider acceptance, improved efficiency, and better performance. Blockchains are innovative technologies that can verify transactions with minimal third-party involvement and the names of the buyers and sellers of the associated cryptocurrencies are never revealed. At the core of the digital asset system is DasCoin, a hybrid currency that seeks to combine the best attributes of decentralised cryptocurrencies with the best aspects of centralised cryptocurrencies. DasCoin is the convertible store of value unit that serves as the foundation of the digital asset system. Important attributes include a proof of license consensus method, a fixed money supply, a fullyauthenticated network, and a distributed ecosystem of global hardware and software systems.
POSITIONING FOR FUTURE GROWTH
DasCoin first traded on a Blockchain-based trading system in September 2017 at a price of €0.33 and has since traded above €0.50. DasCoin will become traded in the global cryptocurrency markets for the first time early in the second quarter of 2018, the first opportunity for buyers and sellers around the world to openly determine its value. The network is focusing on how DasCoin can be spent at points-of-sale around the world. DasCoin’s network strives to have DasCoin accepted at millions of merchants around the world by incorporating advanced Host Card Emulation (HCE), tokenization, and Near Field Communications (NFC) technology solutions that support some of the largest e-commerce, telecommunications, and payment networks in global industry. The pace of innovation in the Blockchain industry has accelerated rapidly as a result of the significant amount of global interest and capital the sector has attracted. As Blockchain technologies continue to proliferate and provide relevant business solutions to governments, the financial sector, businesses, and non-governmental organisations, it is likely that sustainable utility and business value will be achieved and reflected in the price of cryptocurrencies and digital assets. DasCoin endeavours to provide long-term value creation and retention and render positive contributions to the Blockchain ecosphere.
Blair Baker is the Chief Executive Officer of Das Payments Limited and works to bring unique solutions to the DasCoin ecosystem. Blair co-launched the world’s largest retail foreign exchange trading company in New York in the late 1990s. He also served as a central banker for four years, reporting directly to the Governor of an Asian central bank. Blair also served as a Global Contributory Editor of Central Banking Journal in London for several years and has been syndicated by Reuters for more than 15 years.