OpenLedger Launches World First Decentralized Conglomerate

Decentralized cryptocurrency exchange OpenLedger has announced the launch of its Decentralized Conglomerate, based on BitShares Bitcoin 3.0 technology, as news of the BitShares platform going live on the Microsoft Azure Blockchain as a Service (BaaS) was recently confirmed. OpenLedger is a based on BitShares 2.0 MIT- licensed Graphene blockchain technology. The utilization of fully open source code base has enabled multiple organizations to combine and invest in each other through Openledger’s Decentralized Conglomerate. The platform, which OpenLedger say is the first of its kind, is open to anyone, with the benefits being shared between those involved.

Ronny Boesing, OpenLedger founder and CEO of Danish cryptocurrency exchange CCEDK, commented: “A universal shared platform allows organizations to have a common interest in the platform itself, without the platform imposing any control on the organizations that join. This allows individual brand identities to flourish without having to compromise for the larger decentralized conglomerate. In addition, the universal platform creates an ecosystem in which organizations can directly invest in each other. By entering into a Decentralized Conglomerate means the co-ordination takes place within an automated system. The OpenLedger team has created the universal shared platform on which organizations can enter agreements to share their profits in exchange for community support.”

The first successful project has been a partnership between the BTSR token, which shares a portion of all blockchain-based advertising network BitTeaser’s generated revenues with users, and OBITS, a token that shares a portion of all OpenLedger profits with users. The BitTeaser platform is currently wrapping up its crowdsale and 10% of the funds will be shared with the OBITS community, who will in turn reciprocate. Anyone can open an account on OpenLedger and purchase these tokens on the decentralized exchange.

Boesing at CCEDK remarked that the Decentralized Conglomerate model is: “Superior to the current paradigm and streamlines the operations of Enterprise-scale organizations.”