BitSecurity - Digital securities - VRC12

What is BitSecurity

BitSecurity is a category where various banks, securities institutions, and enterprises can issue corresponding Bitsecurity by using Bitgold as collateral, which will be managed by national institutions. Bitsecurity includes stock securities, currency securities, etc.

BitSecurity function

1. Monetary securities: Monetary securities are valuable securities that can be used as substitutes for currency, mainly used for commodity transactions between enterprises, payment of labor remuneration, and liquidation of debt and debt. Common types include promissory notes, bills of exchange, promissory notes, checks, etc.
2. Capital securities: Capital securities refer to a written proof that capital is invested in enterprises or supplied to enterprises or countries. Capital securities mainly include equity securities (ownership securities) and debt securities, such as various stocks and bonds.
3. Goods securities: Goods securities (commodity securities) refer to the proof of the right to extract goods. Securities holders can use the securities to extract the goods listed on the securities, commonly including manifests, shipping certificates, bills of lading, etc.

BitSecurity Release and Management

BitSecurity must be led by the national government and issued in a managed manner. The specific plan will be customized when the regulations of the digital economy are more complete.
At present, BitSecurity can be used for experimental purposes by pledging BitGold as a security deposit. (Please refer to the smart contract template)