A company that uses smart contracts to manage arbitration and dispute resolution around blockchain transactions appear on Jan. 17 its intention to list on the Master Market of the London Stock Commutation.

Proof of Trust Ltd did not give any financial details or timetable for the listing, but CEO Dean Armstrong said that the company was excited at the prospect of the listing and "look[s] forward to providing investors with the opportunity to share in this groundbreaking project."

Insurance protocol for smart contracts and blockchain transactions

The company describes its proprietary technology every bit standing to be the kickoff-ever "insurance protocol for blockchain transactions and smart contracts." The business firm states:

"The Proof of Trust owns the worldwide patents to a protocol which facilitates clear dispute resolution based upon smart contract disputes which are highly efficient both in terms of speed and use of resource."

The system too delivers an anti-collusion algorithm to ensure the authenticity of data used to execute smart contracts.

Proof of Trust claims that the protocol has come to the attention of major governments and corporations globally, and has been presented to a number of prime ministers.

London Stock Exchange adds an air of respectability

One reason for crypto- and blockchain-related firms to seek a listing on the LSE and similar exchanges is the perceived air of respectability that such a listing adds. The cryptocurrency industry has long suffered from a poor reputation in traditional financial circles, and the lack of regulation during the initial coin offer boom did nothing to convalesce it.

More than and more crypto firms are choosing to go down the more traditional route of having an initial public offer of shares on a major stock commutation.

The offset crypto firm to take an IPO on the LSE has been doing pretty well for itself of late. As Cointelegraph reported in September, Argo Mining added 1,000 new mining machines, and had seen its share price most triple since May 2019, reaching £9.50 ($xi.85) per share. The stock cost has since dropped back, but still stands at £seven.15 ($nine.32) at press fourth dimension.