About the Bitbon System
The Bitbon System is an integral blockchain[i]-based decentralized platform, which allows its Users[i] to fully own their Assets[i], i.e. to record their property right to Assets in the form of their unique digital copies in the Bitbon System Blockchain by completing the Asset Digitization Procedure[i] in order to implement safe and adequate exchange of the given Assets between the Bitbon System Users without intermediaries and money. The Bitbon System Participants[i] are also given an opportunity to participate in Contributing[i] under the terms and conditions of Projectbon Protocols[i] of various business projects. The key component of the Bitbon System is Bitbon[i].
The Bitbon System is intended to be used in the financial and law fields, for business management, management of rights to Assets, evaluation of property rights to Assets, transfer of property rights to Assets of various types including movable and immovable property, machinery and production equipment, bank deposits, copyrights, financial instruments, securities, know-how, trademarks, shares in statutory funds and in other companies, shares in various projects with legal entities and individuals and other assets.
The Bitbon System includes services that allow you to keep records, exchange payment instruments, attract financing by means of Contributing and close safe transactions, as well as to carry out a secure digital transfer of property rights to Assets. Thus, the stages of Contributing can be divided into basic processes (more information you can find in the article How the Bitbon System Users Interact in the Contributing Process). All transactions in the Bitbon System are instant and irrevocable, and the System functioning is based on the principle of providing all Users with ability to create and use their Assetboxes[i] for the direct management of their property rights to Assets designated in Bitbons.
One of the main advantages of the Bitbon System is an increase in the efficiency and functionality, security, fault tolerance, storage reliability of information on property rights to Assets by optimizing the management system of property rights to Assets and by applying innovative hardware and software solutions as well as creating a convenient and effective digital way of redistributing, transfer, accounting and managing of property rights to Assets designated in Bitbons.
In addition, the Bitbon System increases the transparency of contractual relations between the Bitbon System Users in the transfer of property rights to Assets and their management by providing the possibility of free access to the Blockchain and the system components, which ensure its functioning. It should be noted separately that the Bitbon System provides an opportunity to automatically record all transactions in the Blockchain.
In general, the Bitbon System extends to all types of human and state activity on a transnational scale and is based on the absolute potential for the development of the global social significance in all spheres of public life.