Antshares, reportedly creating a bridge between cryptocurrency and “real-world” assets, has raised over 4400 bitcoin in the first two weeks of its ICO. At press time, that amounts to more than $2.5 million USD.
This project aims to facilitate the creation of digital assets, and the conversion of “real-world” financial assets into virtual equivalents. According to the team behind the project, “people can register, deposit, transfer, trade and even make settlement of digital assets over [the] Antshares network.”
Actions on the Antshares network are registered as “e-contracts” executed on the network’s blockchain. These e-contracts work just like traditional, legal contracts, according to developers.
The structure of the network allows users to do a variety of things, including transferring fiat over the Antshares blockchain. The team told press that this feature “makes the platform stable, unaffected by the volatility of digital currencies while being perfectly in sync with the conventional financial system.”
The team boasts the platform’s other abilities, including user-controlled identity authentication, joint bookkeeping, and effective scaling.
Some other potential applications of Antshares include:
- Equity Crowdfunding
- Peer-to-Peer Lending
- Digital Asset Exchange
- Loyalty Programs
- Supply-Chain Financing
A more comprehensive list of Antshares’ advertised capabilities can be found in the project’s white paper.