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Blockchain trading platform moves higher on patent news

This groundbreaking blockchain-based platform looks to revolutionize three key financial sectors: corporate governance, capital raising and digital trading, by leveraging the inherent security and transparency of blockchain technology. And news of a patent for its revolutionary digital trading platform is helping stocks this Monday.

BlackStar Enterprise Group, Inc. (OTC pink:BEGI) announced the receipt of a Notice of Allowance from the United States Patent and Trademark Office for “System and Method for Facilitating a Public Offering on an Immutable Blockchain Offered to Eligible Qualified Investors on a Priority of Interest Basis .”

BlackStar’s revolutionary software is called the BlackStar Digital Trading PlatformTM for electronically replaceable shares with cashless booking and is compatible with every US brokerage firm. The technology claimed in the patent application relates to facilitating a public offering of shares of public or private companies, of both registered and unregistered securities, on a blockchain, based on priority of interest.

BlackStar’s digital trading platform is designed to function within broker-dealers’ existing back-office operations. within the limits of existing rules or regulations. Common stock transactions are entered into the platform and then recorded on a centralized private blockchain, with all clearing and settlement occurring through the platform. Handling the transaction may be the responsibility of the broker-dealer introducing their client to trading on the BDTP™ platform. Shares were trading at $0.00225 in morning trading.

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