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2020. augusztus 3., hétfő 18:10 |
GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology (part 1) |
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Hamburg, 3 August, 2020 (APA/OTS) - The blockchain technology is one of the most discussed innovations of the digital transformation of economy and society, which is comprehensively implemented by GSB Gold Standard Banking Corporation AG. According to Josip Heit, this is the only reasonable way for the future, from an uncontrolled to a sustainable regulated market. |
With features such as decentralisation, reliability and counterfeit
protection, the block chain technology opens up a wide field of
innovative applications and new forms of cooperation.
A block chain is a continuously expandable list of data records,
also known as "blocks", which are linked together by means of
cryptographic procedures. Each block typically contains a
cryptographically secure hash (scatter value) of the previous block,
a time stamp and unalterable transaction data.
The block chain technology was developed based on the vision of a
decentralized distributed system that would replace centralized
instances and enable transactions to take place directly between the
participants in the network. Over the past ten years, a substantial technological and economic
development has taken place. By means of block chain technology, all
conceivable values, rights and obligations in tangible and
intangible goods can be represented by tokens and their tradability
and exchangeability can potentially be simplified.
By far not the only use case for block chain technology is that of
the crypto currency. With the sharp rise in the prices of many a
crypto currency and the new form of financing known as Initial Coin
Offerings (ICO), public interest in block chain technology has
grown. Recently, applications beyond cryptocurrencies have been
coming more and more into focus. In the Federal Republic of Germany
(FRG) and the European Union (EU) a dynamic ecosystem of developers
and providers of blockchain-based services has emerged. Thus, not
only Germany has a promising basis for the development of a token
economy.
With so-called tokens (hardware components for user identification
and authentication), all conceivable values, rights and obligations
in tangible and intangible goods could be represented and their
marketability simplified.
In order to achieve this goal, GSB Gold Standard Banking
Corporation AG has long strived to ensure that applications based on
block chain technology are compatible with applicable law and to
prevent abuse.
According to Josip Heit, this requires the creation of an
investment- and growth-oriented regulatory framework in which market
processes function without government intervention and the principle
of sustainability is guaranteed.
Where block-chain applications offer clear added value over
existing solutions, especially in terms of user-friendliness for
citizens and companies, public administration should act as a lead
user in individual cases, provided that it is ensured that
confidence in secure and reliable action is not damaged. The
development of competencies in this basic technology contributes to
digital sovereignty, not only in Germany and Europe, but worldwide.
With this strategy, GSB Gold Standard Banking Corporation AG also
pursues a regulatory policy that creates incentives for investment,
releases innovative forces, ensures stability and thus contributes
to inclusive growth that is also compatible with the sustainability
goals of the German Federal Government.
The following 10 (ten) principles guide the actions of GSB Gold
Standard Banking Corporation AG and its CEO Josip Heit
1) Promote innovation: GSB Gold Standard Banking Corporation AG promotes digital
innovations through its own technical departments, in particular to
strengthen competitiveness in a future-oriented market. Only with
entrepreneurial innovations can an economy maintain its leading
position in the future and only with digital innovations can the
public sector fulfil its function in the digital age. The use of
block chain technology releases economic potential and other
innovative forces.
2) Initiate investments: In the opinion of GSB Gold Standard Banking Corporation AG, clear
and stable framework conditions should be created which represent an
attractive and secure investment environment.
3) Guarantee stability: In terms of economic policy, GSB Gold Standard Banking Corporation
AG pursues the overriding goal of maintaining macroeconomic
equilibrium in line with the stability of the financial system
without competing with it.
4) Strengthen sustainability: GSB Gold Standard Banking Corporation AG uses block-chain
applications in accordance with sustainability and climate
protection goals.
5) Enabling fair competition: It is a central concern of GSB Gold Standard Banking Corporation AG
to support a level playing field for technologies. The principle of
technology neutrality guides our actions. (continues)
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2020. augusztus 3., hétfő 18:11 |
GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology (part 2) |
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Hamburg, 3 August, 2020 (APA/OTS) - |
6) Deepen the digital single market: The developments in Germany are in a compelling relationship with
developments in the entire European Union. Only with a completed
Digital Single Market Germany will remain globally competitive in
the long term.
7) Involve stakeholders (interest groups): For GSB Gold Standard Banking Corporation AG, the integration of
the knowledge of developers and users for the governmental framework
is fundamental for comprehensive strategy development. By conducting
online consultation, GSB Gold Standard Banking Corporation AG
involves companies and civil society organizations in the
development of the block chain technology strategy.
8) Guarantee IT security and data protection: Only if block chain applications meet the IT security requirements
recommended by experts and the legal requirements of data
protection, risks can be minimized, misuse prevented and a high
level of acceptance achieved. This is the maximum effort of GSB Gold
Standard Banking Corporation AG and its CEO Josip Heit.
9) Provide for adjustments: Due to the high speed of technological development, further action
and the intervention of state institutions may become necessary in
the future. Against this background, GSB Gold Standard Banking
Corporation AG understands the block-chain strategy as a learning
strategy which must be reviewed and developed further at regular
intervals.
10) Electronic securities: The German Federal Government, according to information provided by
GSB Gold Standard Banking Corporation AG, proposes to open German
law to electronic securities. The currently mandatory requirement of
the documentary embodiment of securities (in paper form) will no
longer apply without restriction. This regulation of electronic
securities is to be technology-neutral, which GSB Gold Standard
Banking Corporation AG fully supports, since, according to Josip
Heit, only comprehensive regulation provides security for the user.
The German Federal Government has recently, on 7 March 2019,
initiated a consultation process with the publication of a key
issues paper and aims to publish a draft law in 2020.
Josip Heit and GSB Gold Standard Banking Corporation AG fully
welcome this consultation process of the German government and look
forward to a period of sustainable regulation within this financial
sector.
META KEYS: GSB Gold Standard Banking Corporation AG, Gold, Gold Standard
Banking, Josip Heit, Blockchain, Blockchain Technology, Financial
Sector, Federal Government, ICO, Crypto Currency, Token
Picture is available at AP Images (http://www.apimages.com)
Contact: GSB Gold Standard Banking Corporation AG, Melanie Berger, Große
Bleichen 35, 20354 Hamburg, Phone: +49 40 300 66 88 - 190, Mail:
News@GSB.Global Web: https://www.gsb.gold/en
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