We believe that the most valuable of digital asset types is the software itself, that is, the very applications that are deployed on the Ethereum network. Copyright is to intellectual property what ownership interest is to real assets. Tokenized copyright is, in our view, the ideal legal and technical solution for holding and trading software assets on blockchain.
Irresident will be pitching the Privé – Private Credit on Blockchain project at the “Shift Money” conference, a large international fintech event that takes place on the 26th and 27th of November in Zagreb, Croatia. The conference is a follow up to “Shift Dev,” the largest developer conference in Southeast Europe, which attracted more than 1300 attendees in April this year.
On March 8, 2018, two members of the Irresident team, Damir Petkovic (CEO) and Luka Arvaj (CLO), attended the “Enter the Blockchain” conference at the University of Economics and Business in Zagreb, Croatia. The Irresident talk was attended by key figures from throughout the Croatian blockchain scene: distinguished professors of economics, members of the Croatian Central Bank working group responsible for proposing blockchain asset regulation in the Republic of Croatia, and others.
Decentralized applications on blockchain, along with their models - white papers, yellow papers, and other types of documentation - are just software; essentially, they are a form of intellectual property. The legal treatment when it comes to their creation, extraction of value, ownership, and the transfer thereof is similar to that of fixed assets.
The current conception of a stable coin most probably arises from an ambition to accommodate mechanisms that instead experiment with targeting fiat currency exchange rates without, however, necessarily guaranteeing redemption in the fiat currency itself. As explained later in the text, that would not be a bad thing in itself if it were not for the consequential concealment of the very antithesis of stability – volatility.