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Blockchain 3.0’s revolution is being advocated as the future of the crypto world by some sectors who believe that in order to go global, some tangible assets need to be anchored/tethered to cryptocurrencies. One reason of course is stability and the other is mass appeal around new asset-backed cryptocurrencies that the financial sector is getting optimistic about.
Some groups are even creating clear demarcated lines between these emerging asset backed cryptocurrencies and the previous unanchored, non-asset-backed coins like Bitcoin, Ethereum, Ripple, etc.
For the purpose of distinguishing the asset-backed coins, some pro asset-backed coin groups are creating global councils. These councils are working groups for mass adoption, asset-tokenization standards and autonomous regulatory processes for such new platforms and their currencies. International Digital Asset Exchange Council (IDAXC) was launched a while ago by Global Blockchain Business Council in Davos where the current World Economic Forum is being held right now.
What is IDAXC’s purpose?
IDAXC is aiming to empower any kind asset holder or trader to help tokenize his assets while complying with all of the regulations and statues that need to be followed at each regional level. So, it can be said that the new group is aiming to being blockchain to the masses while being part of the conventional financial model with KYC and AML standards. According to Eric Van Der Klejj, founding chairperson of the IDAXC forum:
“Today we are sharing the aims and ambitions of IDAXC, and also seeking feedback from a small group of interested parties representing startups, banks, academia, and some of the most experienced people active in the emerging field of Real-Asset Digitization. The growth of ordinary crypto currencies is admittedly huge, with a combined market cap of $500Bn (Coinmarketcap) in an industry that simply wasn’t there just a few years ago. However, when you take the power of cryptocurrencies built on the decentralised Blockchain, and underpin them with trusted Real Asset Digitization delivered via shared standards set by a worldwide community of members, the potential is just so much larger. We believe this final stage of the Blockchain revolution — coins anchored by real assets — will finally trigger established financial services players and regulators to support and even participate in the cryptocurrency markets.”
It is a clear signal that this new forum is betting its money on the future appeal and mass adoption of asset-backed cryptocurrencies. Eric Van Der Klejj has served in numerous positions before including CEO of UK government’s Tech City Initiative and creator of level 39 fintech hub so it is clear that he favors blockchain assimilation rather than an all out blockchain revolution, therefore being on the relatively safer side.
IDAXC’a ACChain Platform
The IDAXC is also launching a new coin called ACCoin based on the ACChain platform. It is a digital asset conversion platform and is being presented as the Swiss Army knife of altcoins. It is expected to spark the interest and application in the development of asset-backed cryptocurrencies. ACCoin will be used along with Bitcoin and Ethereum as part of its “three-legged” initiative.
To find out more, visit the website: http://www.acchain.org/
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The post International Digital Asset Exchange Council Formally Launched by Decentralized Fintech Enthusiasts for Development and Global Acceptance of Blockchain 3.0 appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/international-digital-asset-exchange-council-formally-launched-by-decentralized-fintech-enthusiasts-for-development-and-global-acceptance-of-blockchain-3-0/
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