Life at LEXIT #5: "The Power of Blockchain"

Our team at LEXIT think that blockchain will change the world. Our latest video shows you why.

Distributed ledger technology puts the power firmly back into the hands of the consumer. This ideal carries through on to the LEXIT platform where company assets can for the first time be bought and sold online.

Blockchain works to speed up all processes on a platform. Immutable, transparent - we think that it's set to revolutionize how we conduct mergers and acquisitions.

Currently, the cost of accessing the market for M&A hinders smaller businesses quite a lot; they don’t always have the reserve cash to pay all of the legal fees, etc. but LEXIT is all about bringing down barriers, all that are possible.

The blockchain is always evolving and this exciting new paradigm is set to help us solve complex problems in a straightforward manner.

So What Is It About Blockchain?

Amir Kaltak, CEO: “Let’s have a token within a platform, instantly transferring safe and secure, on the ledger.”

When a transaction is on the ledger, it cuts out the middleman almost entirely - that’s the point of peer-to-peer - and on the blockchain it can be verified in a fraud-proof manner much quicker before.

Strangers might be considering or trying to push through a deal with millions on the table; before, you more or less had to pay for expert advisory help to ensure that the process didn’t burn you. Blockchain technology carries inherent trust within it, meaning that trades can be conducted with total confidence in the other party’s commitment to the deal.

This is the power of smart contracts: the ability to write automatic, self-executing contracts gives each party the power to conduct a stress-free transaction. It also levels a playing field which previously favoured the larger company, whereupon the system gave undue control over the deal to those with more resources

We believe in the future of the blockchain and know that it is set to change the world as we know it. Our CTO Wahid Khilji puts it best: “All the blockchains, they are evolving.”

“Everytime [we look] we see something new from the blockchain.”

That is our modus operandi, with such a new technology that will have a before unimagined effect on the world, it can be more important than ever to keep an open mind and always push boundaries in our effort to innovate.

Watch the video to learn more about how LEXIT aims to change forever the way that we buy assets online and hear it directly from the brightest minds looking to deliver this revolutionary platform.


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