3 pm today, seven central government departments have just joint released the Announcement of Financial Risk Prevention to ICO. The Announcement declares ICO illegal and freezes the fiery token fund raising market.
The Block Chain Technology start a new age of digitalized value exchanging and trading. It would create a world-wide value exchange network by reducing the trading latency greatly and remove most obstacles between value exchanges, such as cost or latency in credit guaranty, liquidity provision, order confirmation, clearing of exchange and so on. However, most of the Block Chain techniques are still in experimental stage due to their technical limitation. Although the whole Block Chain industry strongly holds the confidence that the technology would become the next generation infrastructure of the Internet, Gartner predicts it would not take short time that day comes[1]. Continue reading “ICO bankrupted, new industrial opportunities emerge”