GenEOS Token: Legal opinion

ISSUE

Does the genEOS Secured Token Offering (STO) comply with securities regulations of the world legal jurisdictions?

BACKGROUND FACTS

genEOS is a fourth generation blockchain technology project provisionally based on EOS. The EOS is an open source blockchain technology platform, upon which Decentralised Applications (D’Apps) are built. According to the genEOS white paper, genEOS is a “powerful, fast, secure, and scalable, decentralised ecosystem”, that “enables businesses to create, deploy, adopt, and operate their own blockchain applications”. The genEOS platform makes “enterprise software development tools” provision for its technology members, to build and operate Decentralised Applications (D’Apps), at “enterprise scalability, interoperability, and performance”. Some of the major challenges to adoption faced by the blockchain technology, which are addressed by genEOS are performance, scalability, energy consumption and ease of use.

genEOS plans to address socio-economic based issues of implementation faced by blockchain, such as “Mission Critical Application Business Owners” unable to adopt because of “expensive expert resources”, and “Small Business Owners”, who cannot adopt because of high entry barriers, “Blockchain Subject-matter Experts” who cannot focus on blockchain implementation because of “trading nature of Bitcoin and altcoins,” and “Technology Professionals”, unable to focus and build blockchain-based Decentralised Applications (D’Apps), because of lack of Integrated Development Environment (IDE).

This is an exposition on the range of obstacles that the genEOS blockchain as a Blockchain 4.0 hopes to address by building a community of technology professionals who will maximize the power of blockchain, while integrating with next-generation technologies like Artificial Intelligence (AI) and Virtual Reality (VR) to drive an accelerated business environment adoption speed for the blockchain technology.

genEOS’s valuable advantages and value proposition as a Blockchain 4.0 include permissioned hierarchical security, transparency and governance to drive cryptographic distributed ledger technology adoption through the delivery of a suite of D’Apps for next-generation enterprise digitisation and productivity via self-executing smart contracts and asset tokenisation.

Check out our legal opinion written by Boulevard A. Aladetoyinbo, esq.