The Norwegian government will launch a solution for creating capitalization tables on the Ethereum blockchain.Toolis intended for companies not listed on stock exchanges, said John Rumvi, founder of the startup Symfoni.
According to him, the platform will be built on the Arbitrum L2 network, since it provides faster and cheaper transactions compared to the main blockchain.
The solution involves taking into account the shares represented inin the form of tokens of the ERC-1400 standard implemented by ConesenSys. It is a hybrid digital asset model specifically designed for use in tokenized finance.
In ConesenSys tokens of this standardcharacterized as “partially interchangeable”. Not all assets in this model are equivalent, as is the case with cryptocurrencies - some of them may be subject to restrictions such as a lock-in period. However, they are not NFTs.
The decentralized Ceramic network is used to store and transfer personal data on the platform. Ramvi said the latter allows compliance with the EU's General Data Protection Regulation (GDPR).
“GDPR dictates the right to be forgotten.Therefore, it should be possible to delete personal data. For example, a shareholder sold his shares ten years ago and now wants the information that he was once a shareholder to be removed,” he explained.
Ramvi's company Symfoni has created an SDK that allows backend and traditional web platform developers to use the blockchain solution.
Let us recall that in May 2022, the Norwegian Parliament rejected a bill to ban mining in the country.
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