"Crypto Valley" Pratteln - trustwise.io
"Crypto Valley" Pratteln - With its location in the Upper Rhine Plain, Pratteln can certainly be localized in a valley. But Crypto Valley? The first thing that comes to mind is, of course, Zug. But in fact, trustwise.io ag, a start-up that is at the forefront of developing blockchain applications, is based in our premises on Krummeneichstrasse.
The development team is scattered throughout Europe and meets regularly for workshops. This shows that direct contact is enormously valuable for creative phases, despite all the technical possibilities. This company has nothing to do with the popular meaning of "crypto-currencies": it expressly operates outside the speculative world of Bitcoin and its ilk. Last year, we presented the then brand new service rta trust. Since then, new functions have been added. Following the planned expansion in the coming months, the tool will cover the entire field of corporate governance. It will provide users with the security they need to comply with the relevant legal requirements.
What are the benefits of a blockchain-based service?
The legal requirements for company management have risen steadily in recent years. Entrepreneurs, board members and managers are exposed to increasing liability risks. Legislation, administrative practice and case law have become even stricter, not least due to international pressure.
For example, in the Anti-Money Laundering Act, the new provisions on keeping the share register, reporting obligations and proof of beneficial owners harbor a considerable liability potential that should not be underestimated, as well as the risk of unpleasant legal consequences.
rta trust 's rule-based processing of transactions (e.g. sale of shares) and corporate events (e.g. annual general meeting) ensures that the relevant legal regulations are complied with one hundred percent and without additional expense.
Tokenization on the blockchain allows the purchase and sale of shares to be processed electronically, efficiently and in compliance with the law. The share register is maintained promptly, and compliance with thresholds and deadlines (e.g. for the notification of beneficial owners) is monitored automatically. rta trust also ensures that agendas and invitations to general meetings and board meetings are sent to the correct addresses on time, that votes are conducted electronically and recorded in a tamper-proof manner, and that dividends are paid automatically and guaranteed to the authorized recipients, to name just a few examples.
Corporate governance via smartphone becomes reality! We will present the rta trust product to you in detail once it has been launched on the market. Of course, you can already register your interest now for a subscription at introductory conditions.
