In our search through the Angel list we came across the start-up called Otonomos. Now what does this start-up really do? Otomonos is going to be a gateway to help our clients form, fund and govern an entirely new type of company, using the blockchain. This will allow us to issue its shares on the decentralized blockchain, which funds itself in Bitcoin from the crowd, governs itself through decentralized consensus, and does its accounting and banking in digital currency.
We talked a little bit with Han, investor and CEO, and asked him some questions. It is very interesting and the concept does look very good but a question that people undoubtedly will ask is about the ex-Goldman Sachs connection?
“Who is better placed to turn the tables on Wall Street than somebody who has been there? Our Incorporation Agents have a combined 80 years of experience with onshore and offshore company formation across jurisdictions on behalf of wealthy individuals and corporates.
We purposefully based our development offices in Palo Alto, where lots of the technology on decentralized protocols converges, whilst most of the legal engineering is done out of London and New York.
These people have the know-how, the experience and the expertise to create something better, using Bitcoin and every technology available to us. We also do not shy away from our members past and have put that information in our website, http://www.otonomos.com/
We think that our experience will be invaluable to the services that we provide for our customers. Add to that a good professional attitude and an excellent knowledge of the lay of the land (so to speak), our service will be very beneficial for our customers.”
We are also looking into arranging a bank account in the UK, which will be much easier for us to provide our services to our Uk and european customers”.
Suffice to say that this start-up is extremely interesting and one we need to keep an eye on their developments. If you look at the expertise these people bring to the table, the professionalism from their previous jobs, etc. it will be fascinating to see how the start-up will evolve.