Distributed Ledger Technology – The Immutable Ledger
ICO, or an Incentive Stock Program, is a method of trading that makes use of digital assets like stocks, options, currencies, and warrants among others to facilitate trading and raising of capital without the need for any financial investment at all. This concept came about in 1997 with the founding of the Digital Currency Association, which later evolved into Blockstream, an open source software project. Today, there are hundreds ofICO companies operating across the world that use various methods, such as the equity markets, futures markets, and derivatives to allow their users to trade. The most popular among them are Cryptocompute and Chain Capital, with whom they compete mainly on the basis of their business model, user experience, and marketing strategy.
With Blockchain technology, you are able to transact using peer-to-peer file transfers, instead of through a conventional exchange. As such, it is considered as a disruptive innovation, since it allows the exchange of items of value using a computer network instead of through the traditional exchange of money and barter. It offers a new approach to asset exchange by providing a unique digital signature, which identifies an entity. Unlike previous technologies that require a third party to maintain control over a digital key, the Blockchains allow individuals to control their digital keys, making it impossible for third parties to impersonate them, unless they know the key. Another unique feature of the Blockchains is that its ledger can be publicly and privately audited.
Moreover, unlike the traditional method of transferring funds through a third party, which usually involves the transfer of funds from one account to another, the Blockchains process value transfers between peers via an entirely distributed network. To put it simply, therefore, the Blockchains brings together several characteristics of the best online money transfer facilities: immutability, privacy, decentralization, along with the ability to create a digital signature that ensures accountability. Thus, if we compare the Blockchains to the traditional payment scheme we know today, we would realize that there are many opportunities waiting for us in the future. In addition to this, the immutability of the Blockchains guarantees that no single entity can monopolize the power of the transaction, thus guaranteeing open financial market where anyone can participate.