BitShares: Creating a new model for global conglomerates

With the advent of blockchain technology and smart contracts, a new paradigm for global enterprise is beginning to emerge. As organizations continue to experiment with innovative ways to combine forces, a new form of collaboration called the Decentralized Conglomerate has emerged, which is now being touted as a “cutting-edge approach” to community building and market diversification.

We’ve all heard of industrial conglomerates, like Phillip Morris Group and Hanson Plc, and Internet and digital conglomerates, like Google and its parent company, Alphabet, which have expanded far beyond the concept of a basic search engine and the goal of organizing the world’s information, and Time Warner.

Although we may not realize it, the Digital Conglomerate has been around for a long time. However, what we are facing now is the term Decentralized Conglomerate.

The idea of ​​a decentralized consortium (DC) has been around since last October when BitShares launched OpenLedger, a universal shared platform based on BitShares 2.0, a Graphene blockchain technology licensed from MIT and with an open source codebase. The definition and record keeping of a decentralized consortium (DC) is done in a cryptographic environment.

Decentralized Consortium (DC) has become popular on the heels of BitShares 2.0, which was officially announced as Bitcoin 3.0 technology in February. In addition, BitShares 2.0 was launched on Microsoft Azure Blockchain as a Service (BaaS) yesterday.

Just weeks before BitShares 2.0 was introduced to Microsoft Azure BaaS, BitShares 2.0 is described as a “fee-backed asset” that can provide private transfer services.

The BitShares blockchain’s comprehensive governance structure is expected to significantly reduce transaction and transfer fees. As a result, BitShares’ trading price has surged by nearly 40% in the past day.

As the market demands more and more options, Decentralized Consortium (DC) supports multiple businesses to join through a common platform, allowing them to invest in each other's more successful businesses. Ultimately, the entire network can benefit from cross-promotion. At least that's the goal.

Ronny Boesing, CEO of Danish cryptocurrency exchange CCEDK and founder of OpenLedger, commented on the latest developments in the decentralized consortium (DC):

“This is a universal shared platform that allows individual organizations to have their own common interests on the platform, and the platform will not exercise control over the organizations.”

He also said:

“It also allows individual brands to flourish freely without having to compromise with larger decentralized conglomerates, and the universal platform creates an ecosystem where companies can invest in each other.”

This means that in a decentralized conglomerate (DC), a company can invest in the results of other companies through the platform and then gain profits. The platform has established an environment where companies can share profits without integrating operations.

Boesing said:

“Entering a decentralized consortium (DC) means that coordination between companies is automated by the system. The OpenLedger team has built a universal platform where organizations can reach agreements on shared interests in exchange for support from the entire platform.”

The first beneficiaries of this “revolutionary advancement” will be the BitTeaser community (a blockchain-powered ad network, essentially a crypto Google AdWords) and OBITS (a cryptocurrency token).

In early March, bloggers needed to pay 11 BTC (about $4,500) to join the OBIT Blog Club in the form of BitShares and OBITS. Writers in the club can earn some digital cash by submitting articles regularly. Although the amount is not huge, it is a start after all.

When the BitTeaser team ends the crowd sale, 10% of the pre-sale profit will be shared with the OBITS community, as the OBITS community is committed to supporting the BitTeaser community. The public pre-sale was held on March 11, 2016.

This partnership has already brought direct profits to community participants. Through this new method of sharing profits, each community can share in the results of others through an open decentralized trading platform such as OpenLedger.

Boesing asserted that the DC model will soon prove superior to existing models and that joining a DC will simplify the operational procedures of corporate organizations. Currently, the project is entering the first phase of so-called “inter-organizational” profit sharing.

OpenLedger's current profit structure includes BitTeaser blockchain advertising network, future open asset (including fiat currency) deposit and withdrawal fees, Bitcoin, DASH, Ethereum, NuBits and fiat currency (traditional currency) transaction fees, and also includes issued asset transaction fees such as OPENPOS. OPENPOS is a token that helps complete the BitShares Wallet v.1.0 Android/iPhone client and SmartCoins POS system terminal.

Future sources of shared profits will also include 35% of the fees collected from the TipBot project ShareBits, transaction profits obtained through NanoCard (NanoCard is the world's first physical encrypted electronic debit card issued by CCEDK), and profits from projects established by OBITS in the future.

Original text: http://www.forbes.com/sites /rogeraitken/2016/03/10/bitcoin-3-0-tech-bitshares-built-on-decentralized-conglomerate-platform-surges/#2a7c6abf39f8
By Roger Aitken
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/bitshares-decentralized-conglomerate)