Business
Boulder, Colorado Based Public Company Leveraging Blockchain Technology to Create an Encrypted Digital Trading Platform
Boulder, Colorado Based Public Company Leveraging Blockchain Technology to Create an Encrypted Digital Trading Platform.
About this update from Blackstar Enterprise Group, Inc.
[{"type":"text","content":"BOULDER, CO / ACCESSWIRE / November 1, 2018 / BLACKSTAR ENTERPRISE GROUP INC., (OTCQB: BEGI) announces the design and begins the build of a digital equity trading platform on the Hyperledger-fabric blockchain. When completed, this platform will allow Peer-to-Peer trading of BlackStar Digital Shares of Common Stock. The platform is designed to integrate into the existing Broker-Dealer Ecosystem. Our Company, BlackStar Enterprise Group, Inc. (OTCQB: BEGI) is a publicly traded merchant banking firm seeking to facilitate venture capital to early stage revenue companies. BlackStar intends to offer consulting and regulatory compliance services to crypto-equity companies and blockchain entrepreneurs for securities, tax, and commodity issues. BlackStar is conducting ongoing analysis for opportunities in involvement in crypto-related ventures through our wholly-owned subsidiary, Crypto Equity Management Corp., (''CEMC''), mainly in the areas of blockchain and distributed ledger technologies. Proposed BlackStar Digital Trading Platform (''BDTP''): BlackStar's aim is to build BDTP from our existing design, a digital equity trading platform, to trade registered BlackStar securities only. CEMC retained Solidgreen Software, LLC, d/b/a Artuova (''Artuova'') to begin the build of our equity trading platform. The platform development is being overseen by Artuova software engineer Dr. David Gnabasik, providing the expertise needed to develop our platform. Dr. Gnabasik holds a Ph.D. in Computer Science from the University of Colorado-Denver and implements blockchain solutions for state and federal licensing agencies. As of September 2018, BDTP has been completely designed in terms of the following components: data model, reports, a web-based user interface, a blockchain interface, transaction logic, and a cloud interface. CEMC intends to engage further software developers as needed for blockchain implementation on the Peer-to-Peer (''P2P'') BDTP platform. Artuova will continue to develop the platform that the Company has designed to contain the essentials for full regulatory compliance, subject to availability of funding. The potential regulatory challenges for the functionality of our digital equity trading platform come from integration of the existing broker-dealer ecosystem into the platform, approvals from, advice of, and compliance with the ...