Originally posted on mashable.com
Driving regulated capital markets to its next evolutionary leap and fully integrating the decentralized technology into people’s lives
By Jordan Finkle,
Due to the precipitous crash of the crypto market at large as well as the headline grabbing bankruptcies of blue chip coins such as Celsius (that were backed by Wallstreet big wigs), the general public has become increasingly wary of the get rich appeal that cryptocurrencies touted during the cultural tour de force they enjoyed through 2021.
However, with so much intelligently directed technological development invested over the past decade into the underlying blockchain structure of the cryptocurrency market, the mere fact that some products built on top of it defaulted does not necessarily discredit the underlying structure. Or said a different way, cars breaking down on a highway do not reflect the highway’s value or utility.
In fact, the total functionality- defined as the transparency, interoperability, and autonomous nature- of blockchain is vastly superior by all accounts to the systems upon which most financial markets and trading systems operate….which is via circumscribed trading hours and paper bills. Beyond that, blockchain doesn’t just power cryptos and NFT’s, it’s also starting to host a growing range of other digital asset classes that are important to everyday people’s lives like you and me.
Blockchain’s superior technology
Where up until now, consumers have viewed blockchain as not only synonymous with NFT’s and Crypto but in fact capped by these applications, there is a growing contingency of forward looking investors and entrepreneurs who look well beyond this limited scope and are setting their sights on what blockchain’s superior technology will mean when fully integrated within regulated capital markets.
Leading this movement is capital markets and fintech thought leader Thomas Carter, founder of Deal Box as well as the current CEO of Total Network Services.
Thomas, a futurist since his early days pioneering new wakeboard technology (for which he was recently inducted into the Wake Sports hall of fame), created one of the first vertically integrated digital securities issuance and investment platforms through Deal Box.
Blockchain products into people’s everyday lives
Deal Box- a blockchain-enabled platform, is not beholden to the operation hours and regulations that Wall Street is. In leveraging blockchain’s transparent and decentralized ledger technology, Deal Boxes’ financial infrastructure can host 24/7 trading and put financial markets on the ramp of accelerating returns.
Seeing that blockchain could unlock unlimited new potential for financial markets if integrated in the right way, the Deal Box team invested into a company- Total Network Services (TNS).- that began looking at what it would take to intertwine the technology with SEC regulated markets and securities (such as stock exchanges, pensions, and other major institutions) as well as what it would take to bake blockchain products into people’s everyday lives.
This led TNS’ CEO Thomas Carter to heavily focus their efforts on deploying solutions for securing physical devices – like smartphones – in new and innovative ways by enhancing the already globally standard Mobile Equipment Identifier or “MEID.” By taking the smartphone’s ID and tokenizing it, Carter and the team can authenticate the physical hardware and software of a given device. With this technology called UCID (short for universal communication identifier) everything operationally on that device across its entire lifecycle, from the physical hardware to the software, can be tracked. This means that mobile equipment managers can track the entities who have interacted with that device from “cradle to grave’ ensuring that only trusted actors in the supply chain have been involved and verified on the immutable blockchain ledger.
Beyond this, TNS has already developed and deployed solutions that are both simple and regulated for easy adoption. As a case in point, up until TNS, individuals who wanted to make a secure transaction on the blockchain needed their own 26 to 70 plus character, hexadecimal alphanumeric key of a blockchain address, as well as their recipient’s. TNS has developed a domain naming service for this address, creating a user-friendly ID in place of the current complex naming process, making blockchain transactions accessible to the lay consumer.
Sustainable and secure value
Carter’s team is also building an upgraded model of NFT’s via the platform NFTys.io. NFTys.io’s mission is to destigmatize and legitimize NFTs as useful and relevant technology for artists and creators. NFTys.io not only aims to harness NFTs to deliver content in a revolutionary way that excites audiences, but it also creates sustainable and secure value over the course of a creator’s career. By curating a marketplace of thoughtful projects high in value and utility, NFTys.io is the antithesis to everything wrong with the oversaturated, highly speculative, volatile NFT market.
The result is that amidst all the hoopla surrounding the crypto roller coaster society has been on, thanks to the efforts of Carter, TNS, Deal Box, and NFTys.io, Blockchain is silently advancing towards its more eminent goal- that of driving regulated capital markets to its next evolutionary leap and fully integrating the decentralized technology into people’s lives. Or said in financial terms, a trillion dollar new potential.
To connect with Thomas and be a part of this journey please visit Thomas Carter IO.
TOPICS: Tech, cryptocurrency blockchain, Cryptocurrency/Blockchain, Blockchain, Crypto Market, Regulation