The security token issuance platform will be providing professional guidance to each partner on their upcoming ICOs
Polymath, the company bringing the multi-trillion dollar securities market to the blockchain via its industry-first security token issuance platform, has announced new partnerships with video gaming community platform Rupie, enterprise blockchain solution provider OneLedger, and P2P IoT sensor data marketplace DataBroker DAO to provide advice and counsel on the design and execution of each partner’s upcoming Initial Coin Offering (ICO).
CEO of Polymath Trevor Koverko said, “We’re excited to work with DataBroker DAO, OneLedger, and Rupie on their upcoming ICOs, providing the consultation and support that companies come to expect from Polymath. While the Polymath platform itself is used to help launch security tokens, we want to see this industry grow and thrive in the years ahead – and that means providing our expertise and guidance to exciting projects such as these so they can be successful in the rapidly evolving blockchain technology marketplace.”
The new partnerships were chosen based on the exciting potential of each project, with all three proposing a unique use case for their blockchain-enabled solutions:
- Rupie – The Rupie Network is a video game community and digital distribution platform built on top of Ethereum and InterPlanetary File System (IPFS). Utilizing the RPI token, Rupie will provide a collaborative approach to funding, building, and playing games on the blockchain.
- DataBroker DAO – The first decentralized marketplace for IoT sensor data using blockchain technology. As the “eBay” for sensor data, Databroker DAO enables sensor owners to turn generated data into new revenue streams.
- OneLedger – A blockchain network built with a universal protocol enabling cross-chain access through business modularization. OneLedger defines a three-layer consensus protocol to enable more effective integration of different blockchain applications into the enterprise.
Polymath Inc. (“Polymath”) is the industry first security token launch pad disrupting the multi-trillion dollar securities industry by creating an open platform that gives global businesses access to the blockchain, smart contracts, and token creation technology. The platform provides the technological underpinning for use by issuers who wish to create security tokens and other evidences of ownership. Polymath’s mission is to become the open-source standard for use by those launching securities tokens. During the first week of February, 2018, the Polymath platform went live.
About Rupie Network
Rupie Network, founded in 2017 by Austin Anderson (LinkedIn), Burton Johnsey (Valve, Microsoft), and Jonathan Howard (Google, FB), is a community-driven video game crowdfunding, incubation, and digital distribution platform built on blockchain technology. Via a new “Milestone Escrow” system and an API that leverages smart contracts, escrow, and community voting, Rupie powers a new collaborative approach to game development where the developers and their supporters achieve milestones together. All platform actions (game funding, escrow, payouts, and more) occur with Gems, private blockchain value stores, that are secured and audited by way of a community app built on the Ethereum blockchain. Ultimately, Rupie and its growing list of developers and partners believe this transparent, community-focused approach is the future of game funding, creation, and distribution.
OneLedger is founded by David Cao who has extensive experience with enterprise software with IBM. There’s a need to give businesses access to Blockchain and Distributed Ledger Technology in a fashion where they can define their utilization by choosing the type of internal access controls, and specifications without placing them completely separate from existing technology. Utilizing sidechains and a merkle tree structure, OneLedger allows businesses to create a specific module for their needs, and still have access to underlying Blockchain and Distributed Ledgers like Ethereum and Bitcoin. This allows business logic and transactions to occur off chain with OneLedger at a huge cost savings, while utilizing the underlying chains for settlements and other functions. This satisfies the specific requirements of many enterprise clients, and opens them to the value of tokens and other technology while maintaining the properties of their private OneLedger modules.
About Databroker DAO
DataBroker DAO, founded in Belgium by Matthew van Niekerk and Roderik van der Veer in 2016, is a decentralised marketplace to sell and buy IoT sensor data. A peer to peer marketplace, using Blockchain technology, created to provide IoT sensor owners with a clear path to data monetization and data consumers with a decentralized market to buy IoT sensor data. Databroker DAO opens up a wealth of opportunities for various industries to utilise the data to become more effective. Today companies make use of sensor data to optimize and monitor their operations. The result is a single purpose data landscape. DataBroker DAO drives the evolution towards truly ‘smart living’ by making this data easily accessible to cities, organizations and entrepreneurs at an affordable price.