A firm that's developed tech to resolve disputes arising from blockchain smart contracts has said it plans to list on the London Stock Exchange.
"We at The Proof of Trust are excited at the prospect of a full listing on the main market of the company's shares and we look forward to providing investors with the opportunity to share in this groundbreaking project," said lawyer and Proof of Trust CEO Dean Armstrong.
Targeting the Main Market would seem ambitious for a young firm working with blockchain, as it is generally reserved for larger companies with a proven track record and sets a higher threshold of requirements for listing. Smaller and newer firms more often attempt to float on the exchange's Alternative Investment Market (AIM).
CoinDesk has reached out to the company for more details on the planned listing.
Its "anti-collusion algorithm" is said to validate the authenticity of data with "trusted and verified experts" before it is recorded on the blockchain and used to execute smart contracts.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.