Reimagining Stock Transfer Agents

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  Design Flow

A way for public US firms to save up to $1.44B annually.

From a hedge fund manager and a rocket scientist.

Introduction Video & PitchDeck

Go here for an introduction video about our project: https://youtu.be/Z8apvkhmhUo. Click here to see our PitchDeck: https://docs.google.com/presentation/d/1Qbu6LVY8tQjqiTe4kT1nZaDSoz00vCr098slCNvo6Qg/edit?usp=sharing

Inspiration

Centralized transfer agents create a gross waste of funds and oversight efforts in financial markets. They charge six- and seven-figure fees to effectively maintain an Excel spreadsheet. Many of the industry's best practices have century-old roots from the early 1900s. A disruption is imminent. Our startup proposes a decentralized transfer agent protocol that drastically decreases transfer-agent inefficiencies, opaqueness, and firm expenses for global financial markets.

What it does

Our protocol keeps track of asset ownership through decentralized Ethereum contracts and security-specific federated corporate tokens.

How we built it

We built our protocol with a Solidity smart contract. We also implemented safeguarding features in InterPlanteary File System. See the code at https://github.com/JFWooten4/HackATL-Decentralized-Stock-Transfer-Agency/blob/main/HackATL%20SOL%20TA0.js

Challenges we ran into

We had a tough time synchronizing transfer-agent trades until we implemented a semi-federated access and update method.

What we learned

We learned how to implement IPFS and Solidity at the same time in a smart contract.

What's next for Reimagining Stock Transfer Agents

Our next step is to apply for the necessary transfer-agent regulations outlined in our PitchDeck. Once we have regulatory approval, we can start servicing small public US firms to build up a track record as a decentralized stock transfer agency. Over time, we want to expand to S&P 500 components.

I read the presentation, but this sounds super confusing. What's going on here?

If you're new to transfer agents, please click here ==> https://www.investopedia.com/terms/t/transferagent.asp

Built With

• solidity