June 18, 2024

Proof of Trust Listed on London Stock Exchange Using Smart Contracts for Arbitration Management

British company Proof of Trust announced this week plans to enter the London Stock Exchange (LSE). The company calls the proposed technology of its own development the first protocol for insuring smart contracts and transactions committed on the blockchain.

Details of financial information and exact datesThe company did not name the placement on the LSE, but CEO Dean Armstrong said he was looking forward to the day when traditional investors can take part in this innovative project.

A key element of the Proof of Trust protocol is an algorithm that prevents the possibility of collusion.

"Proof of Trust offers an innovative algorithm aimed at preventing collusion, thereby enabling a more efficient use of blockchain technology.This is due to the guarantee of the authenticity of the data used for the execution of smart contracts.""In the future, we will be able to meet the needs of our customers," the company said.

Proof of Trust claims to owninternational patents for the protocol, and technology has become interested in large international corporations and government agencies. It is also alleged that the protocol was presented to "several prime ministers."

Recall that in November 2019, the Chinese mining company Canaan Creative raised $ 90 million during the initial public offering on the NASDAQ stock exchange.