Since the first time when the concept of “blockchain” was put forward by Satoshi Nakamoto in 2008, it has gone through a ten-year evolution period. Over the past decade, blockchain technology plays an important role in the fields of finance, medicine, notarization, communication, e-commerce, trading, social interaction, etc. by virtue of its incomparable advantages including decentralization, transparency, security, reliability, transaction efficiency improvement, etc. At the same time, in the area of equity trading, a brand new term came into existence – GBSX.
What is GBSX?
The first Global Blockchain Stock Exchange in the world – GBSX. As an OTC Stock Exchange in the US, GBSX is the world’s first stock exchange where blockchain enterprises will be listed through IPBO.
What are the advantages of GBSX compared to conventional exchanges?
IPO process in conventional exchanges is expensive and time-consuming and may take up to six months or more to be completed, not even mention all the prerequisites that are required including issuance stipulates, regulatory requirements and disclosure of information; Moreover, factors such as high threshold, narrow and single channel, high financing cost and the unbalanced supply structure of enterprises have hindered the entry to capital market of some small and medium-sized enterprises.
Being listed on GBSX functions as a cushion for companies before they process to the capital market, which enables them to not only enjoy advantages of conventional exchanges, but also avoid risks. IPBO possesses the features of securities and is subject to the supervision of securities regulatory institutions across countries. Meanwhile, it will achieve greater operational efficiency by utilizing blockchain technology as well. In addition, being listed in GBSX eliminates the need for middlemen, simplifies procedures, saves time, improves speed, reduces costs, and are superior than being listed on conventional exchanges from the aspects of financing efficiency, costs, locations, information symmetry, etc., which eventually provides a more suitable environment for mass entrepreneurship and innovation enterprises and high-tech small and medium-sized companies.
The Import of GBSX to the Global Traditional Capital Market
Stephanie Morgan, the marketing director of GBSX, once told media that the emergence of GBSX will trigger institutional reform in traditional capital market and post striking impacts on traditional system due to application of blockchain technology. By standing amid the trend of “Blockchain Plus” and following the momentum, world economy will thrive, capital market will take a great leap forward, and the commercial capital market will be driven to transformation through blockchain technology innovations.
The advent of GBSX, undoubtedly a landmark in the history of blockchain development, will reshuffle the whole industries by screening and selecting projects that produce true values and eventually contribute to ultimate industrial prosperity and great development.
The last decade of blockchain is over. In the next decade, let’s lead the future with the GBSX together.
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