BTC 2019 Welcomes KoreConEx's Jofre to Digital Assets Panel

KoreConX Co-Founder and CEO Oscar Jofre will take part in a digital assets panel at the Barcelona Trading Conference. Jofre is slated to participate in the session entitled “Security Tokens: Current Status and Next Trends” on July 10th, which will explore the future of asset Tokenization Tokenization Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Read this Term and the outlook for Security Token offerings. STOs have been suggested as a replacement for ICOs, but are just beginning to see mainstream acceptance such as exchange listings.

Investors demand compliance

KoreConX has been described as the first highly-secure permissioned Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term ecosystem for fully-compliant digital securities worldwide. In addition to founding this company, Jofre has been a pioneer in the field of tokenized securities and has been a major proponent for the adoption of stricter compliance standards for the Crypto community. According to the noted entrepreneur and technology specialist, “Investor protection must be our number one priority today for tokenization to occur.”

Digital assets panel to go beyond custodianship

During an interview with Security Token Academy, Jofre explained the role of transfer agents like KoreConX and how they go beyond the mere role of custodianship by saying, “Even though they sign the subscription agreement online, how many people read the hundred pages? They just get the bullet points. Maybe it allows you to do this, this and that, but people don't actually read the fine detail. And it's the details that actually, down the line go ‘Hey can I do this? Can I do that?’”

“The transfer agent is to check some balances. With again the custodian, we're making sure that yes, okay that's great. It's great that you read the core contract and it said that this individual fits the KYC, they're coming from that country, they can buy it, so forth. But we still have to double check it. It's one thing you telling me. I'm the one that finally said add it to the cap table. Once it gets added to the cap table, I can't just erase it.”

Along with launching the KoreConX all-in-one insurance platform, Jofre is also an accomplished Fintech speaker and writer. He is a member of the U.S. based Crowdfunding Intermediary Regulatory Advocates (CFIRA) and is currently listed as one of the Top 10 Global Thought Leaders in Equity Crowdfunding. Jofre has also received numerous awards, including the Vision 2012 Business Man of the Year by the Toronto Hispanic Chamber of Commerce.

Digital assets shine at BTC 2019

This digital assets panel will cover the latest developments in tokenization security. It is expected to be the largest event of its kind aimed specifically at the Crypto trading industry, with more than 3000 attendees and dozens of elite speakers and exhibitors. We invite you to check out our full lineup or reserve your spot today!