Bitcoin Global News (BGN)
November 27, 2018 -- ADVFN Crypto NewsWire -- By now, we have
all learned the importance of doing your own research before
investing in any blockchain or cryptocurrency project. Just because
this is common knowledge, however, does not expressly mean that it
is easy to do.
Ask yourself now: what’s the
biggest roadblock in terms of doing individual research on
blockchain industry projects?
The most logical answer is
simple.
None of us have enough time to sift
through a veritable horde of different reports on a project and
piece them together to get a semblance of a complete analysis of
the offering.
To make matters even worse, some
information that we, as investors, need is being kept private by
companies even after their token sales. For a key example of this,
think about the fact that how Crypto firms design their tokens is
often never made public.
In the interest of shifting this
trend of what they call “information asymmetry,” Messari, which is
one of the Blockchain industry’s most well-known research firms,
has decided to offer a solution.
According to Coindesk, today,
Messari announced at the Consensus: Invest conference that they
would be shifting most of their efforts towards creating a
disclosure registry for both upcoming ICOs and existing Blockchain
projects. Apparently, even now, they have already signed up 12
companies for their initial launch with another 20 waiting in the
wings.
If you’re wondering what a
disclosure registry is in this context then you are assuredly not
alone.
Essentially this means Messari will
provide a public, open-source database of typically private
information on Blockchain projects that should help investors and
all interested parties make better decisions and do better research
in the space.
While this effort seems extremely
promising, keep in mind that they have already made clear that full
audits verifying a company’s holdings will not be included in this
future platform. Still, having access to technical audits, token
design frameworks and various other key documents, all in one place
is a considerable step towards growing trust in the Blockchain
industry.
By: BGN Editorial Staff