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ARTICLE · 05 MARCH 2020

Security Tokens And Blockchain- An Edge Over Other Jurisdictions

The new age of technology and interconnectivity around the globe and beyond has revolutionized the methods in which we carry out the activities of daily life.

United Arab EmiratesTechnology

The new age of technology and interconnectivity around the globe and beyond has revolutionized the methods in which we carry out the activities of daily life. Communication, banking, shopping, travelling- technology has eased these areas of our lives to a simple touch on a screen or a click of a button, so it comes as no surprise that this technology can innovate the very basic commodity of our society; currency, to a whole new level.

Capitals, property, and profits are now being digitized as this is cost and time-efficient. But how is this possible? The answer is a cryptocurrency, which is a binary (the computer number system of 0 and 1s) asset which possesses the right to be used.  Blockchain was invented by a person alias Satoshi Nakamoto in 2008 serving as the public transaction ledger for the bitcoin which is a form of cryptocurrency.Thereafter, there has been a proliferation in the entire world with regards to it.

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