September 26th, 2018
Whitepaper Provides Information About Cryptocommodities As The Basis For A Stable Cryptocurrency
Incipient Industries | Steven Dryall | Sep 19, 2018
Incipient Industries Releases Whitepaper Describing How Cryptocommodities Are Created and Used As The Basis For A Stable Cryptocurrency
Toronto, ON, Canada, September 17, 2018 - Incipient Industries Inc. announces the release of the definitive whitepaper on the subject of cryptocommodities. Following years of development combined with the dissemination of information related to cryptocurrency viability and asset- based cryptocurrencies, an actual description of how to deploy a cryptocommodity is now available. This is a first in the burgeoning cryptocurrency industry and represents a significant step towards a stabilized digital economy.
The cryptocurrency industry is still developing and discovering ways to integrate with traditional financial systems or to replace them altogether. The introduction of cryptocoomodities into the cryptosphere creates a new category of opportunities for pioneers in the space. For those seeking a solution to a stable cryptocurrency, this is the best path to success.
“This is a perfect use case for cryptocurrency and also follows the Three Pillars of a Viable Cryptocurrency framework.” says Steven Dryall, CEO of Incipient Industries, who has pioneered several key concepts of the emerging digital economy. According to the whitepaper, cryptocommodities are an essential part of a complete digital economy;
"The functional decentralized equivalent of all financial tools do not exist. Lack of these instruments is a significant contributor to the overall volatility of cryptocurrency markets. Solutions to fill these gaps are needed to forge a viable, global digital economy.”
The next stages for Incipient Industries, after the publication of the whitepaper, include the deployment of cryptocommodities and proving use cases for a carefully selected cluster of digital assets. These deployments will follow methods that are both compliant and viable. A significant influx of cryptocommodities projects that are not initiated by Incipient Industries are also expected to enter the market following the publication of the whitepaper.
The whitepaper is available for download at the Incipient Industries website as well as other platforms where Incipient Industries has a presence.
White paper intro:
The purpose of this document is to explain the implementation and purpose of a cryptocommodity. This document will explain what a cryptocommodity is and outline the necessary considerations for a functional ecosystem. The ecosystem is intended to support a single type of cryptocommodity using a predefined underlying resource. This ecosystem is designed to be replicable to enable expansion and reusability for other underlying resource quantities and types. Regulatory or legal structure is beyond the scope of this document. Elements of a cryptocommodity implementation will likely reach beyond a single territory so regulatory and legal structures are based on the jurisdiction of the deployment logistics. This document is intended to be “resource-neutral”, meaning that knowing the nature of the underlying resource used in the creation of the cryptocommodity is not required for understanding the information presented. This document is “platform-neutral” with regard to technology solutions. The technology platform options are specific to deployment logistics and are not necessary for understanding the information presented. The examples provided contain elements that are interchangeable. Parts that are specific to cryptocurrency deployment are also replicable and potentially interchangeable.
About Incipient Industries Inc.:
Incipient Industries is a company based in Toronto, Ontario, Canada. Incipient Industries has been involved with many pioneering cryptocurrency initiatives and continues to create innovative solutions for the cryptocurrency industry. The company website is http://incipient.ca. Steven Dryall is the CEO of Incipient Industries and Co-founder of Nikola Tesla Unite Ltd. He is also co-author of The WealthTECH Book, published by Wiley, and a lecturer for The FinTECH Circle Institute. He can be followed on Twitter at @SDryall
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain and cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org