Principles and Economic and Legal Nature of the Bitbon System
Dear Bitbon System Users,
Today, according to the scheduled set of updates, the official information resource of the Bitbon System has been supplemented with new pages: “Bitbon System Principles” and “Economic and Legal Nature of the Bitbon System”.
Following the transparency policy, we ensure public access to the prepared materials that can be useful for technical experts, economists and lawyers as well as for all Bitbon System Users.
Each of the added pages contains detailed structured information covering the following aspects:
Bitbon System Principles
The principles of the Bitbon System are the foundation for the Bitbon System operation and are specified in the Bitbon System Public Contract:
- Right to the right;
- principle of value integrity;
- principle of noninterference;
- principle of neutrality;
- principle of responsibility division;
- principle of presumption of authorship;
- principle of segregation of digital assets;
- principle of irreversibility of deals;
- principle of establishing access to digital assets;
- principle of decentralization;
- principle of balance of assets;
- principle of sovereign identity;
- principle of personal responsibility.
The principles of the Bitbon System determine the ideological, resource and functional environment for the global modernization of social relations regardless of national borders and jurisdictions.
Economic and Legal Nature of the Bitbon System
The economic and legal nature of the Bitbon System is set forth in the Bitbon System Public Contract and in the Appendices that are an integral part thereof as well as in the entire set of digital assets of all Users whose information resources form its information and applied aspect.
The economic and legal nature of the Bitbon System allows Users to tokenize not only physical objects but also legal relations surrounding them. This distinguishes the Bitbon System from any other known FinTech solutions based on the distributed ledger technology and allows instant recording of all events upon their occurrence on an information platform based on the distributed ledger technology — the decentralized information platform (DIP).
You can learn more about the new articles by following the links: