Brickblock and ETHLend ready to simplify lending procedures

Collaboration of two companies will be a breakthrough in finance
27 November 2017   1716

Brickblock and ETHLend reported on their strategic partnership. The main goal of collaboration is to streamline lending by using  blockchain technology. They are planning to tokenize assets and make lending and credit more secure.

ETHLend is an application, which connects moneylenders and debtors from all over the earth. It offers loans and uses digital tokens as collateral, which can be spent on buying of Ether. Brickblock uses the Ethereum blockchain and gives an opportunity for people to invest their digital currency without any need to exchange it to real money. Users can also choose the type of funds, in which they want to invest, Brickblock offers both active and passive coin funds.

In the result of this partnership lenders can be sure that their collateral will be safe and supported by real money. It will be provided by Brickblock. As for ETHLend, it will help to conduct transactions without any necessity to sell company assets for getting liquidity. For advantageous sales clients have an opportunity to monitor rate of exchange, which will be incorporated from the marketplace.

dOrg to Become The First DAO With Legal Status in US

DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract
13 June 2019   176

The decentralized autonomous organization (DAO) dOrg based on the DAOstack framework registered dOrg LLC in Vermont, USA. This was the first precedent in the United States, according to law firm Gravel & Shea.

According to the company, the blockchain-based limited liability company (BBLLC) has a legal status, which allows it to enter into agreements and protect the interests of participants in accordance with applicable law.

Note that a DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract. Decisions in such organizations are made by voting by the participants, which provides consensus.

dOrg asked us to help design a DAO legal wrapper after discovering the potential of BBLLCs. We believe that dOrg is now the first legal entity that directly references blockchain code as its source of governance. Its material operations and ownership interests are managed entirely on-chain.

Oliver Goodenough

Law professor, Vermont Law School and special counsel, Gravel & Shea

dOrg believes that they have made the first step in integrating the DAO format into the existing economy.

Some time ago, Moloch DAO attracted 1000 ETH from Vitalik Buterin, Joseph Lubin, start-up ConsenSys and non-profit organization Ethereum Foundation.