Behind the scenes, Bitcoin technology is gaining momentum, and the impact will be nothing less than stupendous
ICO’s are here to stay but even more importantly, ICOs are taking shape as a new tool to supercharge equity markets. ICOs gained fame in 2017 as a way to finance tech startups, but now VCs, investors, and company executives are looking at a new phase of ICOs — what some are calling ICO 2.0 — where ICOs become a full-scale upgrade to traditional equities.
The SEC itself has indicated its willingness to allow this to happen as long as existing laws are followed. Congressional leaders in charge of overseeing capital markets are listening, looking for ways to harness this newest internet technology to boost capital markets and national economic growth. Meanwhile, the first pioneers are beginning to test the waters of legitimate and fully compliant ICOs, including some iconic names.
Kodak’s ICO is the beginning
Amid all the gadget news from the Consumer Electronics Show this year, one of the biggest and most surprising moves was Kodak’s announcement that it would launch its own cryptocurrency, the KodakCoin, to support its KodakOne image rights platform.
Source/More: Momentum building for ICO “upgrade” to stock markets