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Use Case Micro Payment
sarosedass edited this page Mar 23, 2016
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Micro Payment :
Any monitory transaction has a transaction fee associated with it. In case of micropayment, the amount of fee become especially important as any fixed amount would not leave any money to the final beneficiary. - so for micro payments : the transaction fee should be ideally 0. *** Private/public company equity issuance/trading/tracking/servicing ***
- User #1 - operator of the ledger - governments and States who perform incorporation, governance and servicing of Corps, LLCs, Partnerships
- User #2 - the consumer of the information on ledger - issuing agency (ex. State of New York); exchanges; founders of companies, investors into companies, shareholders, employees with stock options; banks providing services and and that must perform KYC
- Assets: a) stock certificates (various classes of such stock), membership interests, partnership interests b) metadata to be attached on top could include all sorts of compliance - registered agents, annual reports, tax filings, certificates of good standing etc