ComBoox is a blockchain-based company book-entry platform designed for registering equity shares and keeping corporate statutory books, which is aimed to assist users to quickly establish a legal, secure, transparent and reliable smart contracts system, so as to enable investors, shareholders, executive officers, business partners to conduct legal acts around equity rights in a self-service mode, including share subscription, share transfer, share pledge, paying consideration, signing contracts, proposing, voting, nominating, inauguration and resignation etc.
Unlike pure share certificates tokenization, ComBoox does NOT rely on legal documents to restrict off-chain behavior. Instead, it uses smart contracts to fully control ALL activities of share transactions and corporate governance, so as to completely eliminate the possibilities of default or violation.
Therefore, ComBoox provides a brand new concept and solution to solve the problems of Insiders Control or Misleading Statements that have plagued the capital markets for many years, and may completely realize:
- right holders may directly exercise rights;
- obligors have no chance to default;
- real-time information disclosure; and
- tokenization of equity shares in a complete sense.
By booking equity shares on-chain, investors may use crypto currencies to pay equitys consideration, which means effectively connecting the company’s equity shares to the trillion-dollar crypto markets, so that the companies may have a potential opportunity to have their equity value reevaluated and reconfirmed with the robust support of the huge liquidity.