BlackStar Enterprise Group Inc (PK) (BEGI) Quote

Well if you want that feeling, you will need to repeat this for the next 120 days. . . . . . . .

LOL no just seeing how it feels to be Bubae

Is your finger stuck?

Blackstar's trading platform application runs on Amazon's product and proposes to trade typical "book entry" shares. For this reason Blackstar's product is not allowed due to regulatory rules governing securities. This has been the case for years. Is look like the future is with tokenization on a blockchain which according to the CEO himself in his first infomercial this year is currently being done legally. The DTCC appears to be going down this road in a big way with their acquisition of Securrency in December. Blackstar's method patent and application does not operate in this space.
The future of trading equity on a blockchain promises to revolutionize the financial markets

Bubae
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 13782
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174150905
Want to talk about tokenized securities? The CEO talked about securities that are ...currently are traded LEGALLY in the form of tokens securitized by common stock which is thrown into a blockchain. Link to that infomercial below where the CEO makes the statement starting at about 9:30 into the segment.

Tokenized Stocks: The Future of Stock Trading
The INX Digital Company INC | April 8, 2024
https://www.inx.co/learn/beginners/tokenized-stocks-the-future-of-stock-trading/#:~:text=A%20tokenized%20stock%20is%20a,versions%20of%20well%2Dknown%20companies.
Stock exchanges have been the cornerstone of traditional finance, giving investors the ability to buy and sell shares. A new innovation has emerged in how stocks are issued and managed called tokenized stocks. Tokenization involves the issuance of digital security tokens on a blockchain. These tokens can represent various things, from loyalty points to real estate ownership.


Dec 11, 2023 • Press Releases
DTCC Comments on Acquisition of Securrency
https://www.dtcc.com/news/2023/december/11/dtcc-comments-on-acquisition-of-securrency

Today, DTCC announced it has closed on the transaction to acquire Securrency Inc. (“Securrency”), a leading developer of institutional-grade, digital asset infrastructure. DTCC announced the signing of the definitive agreement to acquire Securrency in October.


DTCC completes acquisition of tokenization solution Securrency
December 11, 2023by Ledger Insights
https://www.ledgerinsights.com/dtcc-completes-acquisition-of-tokenization-securrency/

Meanwhile, last year DTCC launched Project Ion, a post trade stock settlement solution. It runs in parallel with DTC’s classic settlement system which remains the system of record, presumably to adhere to SEC requirements. That solution runs on R3’s Corda enterprise blockchain.



For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm

Page 5
COMPANY OVERVIEW

References throughout this registration statement to “digital shares” and similar terms refers to the typical way securities are held and traded and is the same as DTCC eligible book entry securities. We are not attempting to “tokenize” securities, but intend our concept to use distributed ledger technology to execute and record securities transactions with higher efficiency and lower cost, which is essentially a back-office function.

Page 17
We believe that the BDTP™ platform is compatible with the Depository Trust Company’s (DTC) Deposit and Withdrawal at Custodian (DWAC) service, which provides participants with the ability to make electronic book-entry deposits and withdrawals of eligible securities into and out of their DTC book-entry accounts using a Fast Automated Securities Transfer service (FAST) transfer agent as the distribution point. We have designed our technology to be fully compatible with the DWAC system – i.e. shares of stock in uncertificated (book-entry) form can be moved into or out of the DWAC system just as with certificated shares of stock through a company’s existing transfer agent and existing broker-dealers.

Page 38
The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. The use of a blockchain in our proposed platform often gets conflated with crypto asset markets due to blockchain’s use in those industries as well.

Page 41

Blackstar has built the technology based upon the Quantum Ledger Database, a blockchain framework from Amazon Web Services (“AWS”), and to use the AWS Cloud for transaction data storage.

The value of a patent for trading equities on a blockchain can be significant, but it depends on several factors. Here’s a detailed analysis of what influences the value of such a patent:

### 1. **Scope and Strength of the Patent**
- **Breadth of Claims:** A patent with broad claims that cover a wide range of applications and implementations within blockchain-based equity trading will be more valuable. Broad claims could potentially cover various methods and systems used in the industry.
- **Validity and Defensibility:** The patent must be strong, with clear and defensible claims that can withstand challenges from competitors. A robust patent is less likely to be invalidated and more likely to be enforced successfully.

### 2. **Market Potential**
- **Industry Demand:** The increasing interest in blockchain technology within the financial sector suggests high demand for innovative solutions. A patent that facilitates efficient, secure, and transparent equity trading on a blockchain could be highly sought after.
- **Adoption Rate:** The patent's value increases if the technology is likely to be widely adopted by financial institutions, stock exchanges, and other relevant entities.

### 3. **Commercialization and Licensing Opportunities**
- **Licensing Agreements:** The patent can generate substantial revenue through licensing agreements with multiple entities. Financial institutions, blockchain companies, and stock exchanges might be willing to pay significant licensing fees.
- **Monetization Strategy:** Developing a clear strategy for monetizing the patent, whether through direct implementation, partnerships, or sales, can significantly impact its value.

### 4. **Technological Advantage**
- **Innovation Level:** If the patented technology offers a significant improvement over existing methods (e.g., faster transaction speeds, lower costs, enhanced security), it will be more valuable.
- **Competitive Edge:** Patents that provide a unique competitive advantage, such as proprietary algorithms or unique methods of integrating blockchain with existing financial systems, will be more valuable.

### 5. **Regulatory Environment**
- **Compliance and Regulation:** The ability of the patented technology to comply with existing regulatory frameworks and adapt to future regulations is crucial. A patent that facilitates regulatory compliance will be more attractive to potential licensees.
- **Regulatory Acceptance:** If the patent can help streamline regulatory processes or improve transparency and security in ways that regulators favor, its value will increase.

### 6. **Market Trends and Future Outlook**
- **Growth of Blockchain in Finance:** As blockchain technology becomes more integrated into financial markets, the value of patents related to its use will likely increase.
- **Institutional Interest:** Growing interest from institutional investors and major financial institutions in blockchain solutions will boost the value of such patents.

### 7. **Potential for Strategic Partnerships**
- **Industry Collaborations:** The patent’s potential to foster strategic partnerships with key industry players, including technology providers, financial institutions, and regulators, can enhance its value.
- **Investment Attraction:** Patents with strong commercial potential can attract investment from venture capitalists and private equity firms, further increasing their value.

### 8. **Economic Impact**
- **Cost Savings:** The ability of the patented technology to significantly reduce costs associated with equity trading, such as settlement fees and administrative expenses, will enhance its market value.
- **Efficiency Gains:** Improvements in trading efficiency, such as faster settlement times and reduced risk, can have a substantial economic impact, making the patent more valuable.

### Valuation Methods
- **Comparable Sales:** Analyzing the sale prices of similar patents in the blockchain and financial technology sectors can provide a benchmark for valuation.
- **Income Approach:** Estimating the potential revenue from licensing agreements and cost savings or efficiency gains realized through the use of the patented technology.
- **Market Approach:** Considering the market demand, competitive landscape, and potential for widespread adoption to assess the patent's value.

### Conclusion
The value of a patent for trading equities on a blockchain can range from millions to potentially tens of millions of dollars, depending on the factors outlined above. A strong, broad, and defensible patent with high market potential, significant technological advantage, and robust commercialization opportunities will be particularly valuable. Ongoing developments in blockchain technology and increasing interest from the financial sector further enhance the potential value of such a patent.

The future of trading equity on a blockchain promises to revolutionize the financial markets with enhanced efficiency, transparency, and accessibility. Here are several key aspects and potential developments:

### 1. **Increased Efficiency and Speed**
- **Instant Settlement:** Blockchain technology enables near-instantaneous settlement of trades, reducing the traditional T+2 (trade date plus two days) settlement cycle. This decreases counterparty risk and improves liquidity.
- **Reduced Costs:** By eliminating intermediaries and automating processes through smart contracts, blockchain can significantly reduce transaction costs associated with clearing and settlement.

### 2. **Enhanced Transparency and Security**
- **Immutable Ledger:** Transactions recorded on a blockchain are immutable and transparent, which increases trust and reduces the potential for fraud and manipulation.
- **Real-time Auditing:** Continuous and real-time auditing is possible, as all transactions are recorded on a public ledger, simplifying regulatory compliance and oversight.

### 3. **Tokenization of Assets**
- **Fractional Ownership:** Blockchain allows for the tokenization of equity, enabling fractional ownership. This makes it easier for investors to buy and sell smaller portions of shares, increasing market participation.
- **Global Access:** Tokenized equities can be traded globally, 24/7, providing greater access to international markets and a broader investor base.

### 4. **Smart Contracts and Automation**
- **Automated Processes:** Smart contracts can automate many aspects of trading, including dividend payments, corporate actions, and compliance checks, reducing administrative burdens and errors.
- **Programmable Equity:** Shares can be programmed with specific rules and conditions, such as voting rights and transfer restrictions, enhancing corporate governance and shareholder engagement.

### 5. **Decentralized Exchanges (DEXs)**
- **Peer-to-Peer Trading:** DEXs allow for direct peer-to-peer trading of equities without the need for a central authority, increasing market efficiency and reducing the risk of centralized failures.
- **Liquidity Pools:** Decentralized liquidity pools can provide continuous liquidity for tokenized equities, reducing the impact of large trades on market prices.

### 6. **Regulatory Evolution**
- **Regulatory Clarity:** As blockchain technology matures, regulators are increasingly providing clearer guidelines and frameworks for blockchain-based securities, fostering a more supportive environment for innovation.
- **Cross-Border Regulations:** Harmonization of international regulations can facilitate cross-border trading and investment in blockchain-based equities.

### 7. **Institutional Adoption**
- **Market Integration:** Major financial institutions and stock exchanges are exploring and integrating blockchain technology into their operations, which will drive wider adoption and standardization.
- **Custody Solutions:** Secure and compliant custody solutions for digital assets are being developed, making it easier for institutional investors to participate in blockchain-based equity markets.

### 8. **Challenges and Considerations**
- **Scalability:** Blockchain networks need to address scalability issues to handle the high volume of transactions typical in equity markets.
- **Interoperability:** Ensuring seamless interoperability between different blockchain platforms and traditional financial systems is crucial for widespread adoption.
- **Security and Privacy:** While blockchain offers enhanced security, protecting against cyber threats and ensuring privacy for sensitive financial data remain critical concerns.

### Conclusion
The integration of blockchain technology into equity trading is poised to transform the financial markets by making them more efficient, transparent, and accessible. While challenges remain, ongoing advancements in technology, regulatory clarity, and institutional adoption are likely to drive significant growth and innovation in this space. The future of equity trading on a blockchain promises a more democratized, efficient, and secure financial ecosystem.
Bullish
BULLISH

The future of trading equity on a blockchain promises to revolutionize the financial markets with enhanced efficiency, transparency, and accessibility. Here are several key aspects and potential developments:

### 1. **Increased Efficiency and Speed**
- **Instant Settlement:** Blockchain technology enables near-instantaneous settlement of trades, reducing the traditional T+2 (trade date plus two days) settlement cycle. This decreases counterparty risk and improves liquidity.
- **Reduced Costs:** By eliminating intermediaries and automating processes through smart contracts, blockchain can significantly reduce transaction costs associated with clearing and settlement.

### 2. **Enhanced Transparency and Security**
- **Immutable Ledger:** Transactions recorded on a blockchain are immutable and transparent, which increases trust and reduces the potential for fraud and manipulation.
- **Real-time Auditing:** Continuous and real-time auditing is possible, as all transactions are recorded on a public ledger, simplifying regulatory compliance and oversight.

### 3. **Tokenization of Assets**
- **Fractional Ownership:** Blockchain allows for the tokenization of equity, enabling fractional ownership. This makes it easier for investors to buy and sell smaller portions of shares, increasing market participation.
- **Global Access:** Tokenized equities can be traded globally, 24/7, providing greater access to international markets and a broader investor base.

### 4. **Smart Contracts and Automation**
- **Automated Processes:** Smart contracts can automate many aspects of trading, including dividend payments, corporate actions, and compliance checks, reducing administrative burdens and errors.
- **Programmable Equity:** Shares can be programmed with specific rules and conditions, such as voting rights and transfer restrictions, enhancing corporate governance and shareholder engagement.

### 5. **Decentralized Exchanges (DEXs)**
- **Peer-to-Peer Trading:** DEXs allow for direct peer-to-peer trading of equities without the need for a central authority, increasing market efficiency and reducing the risk of centralized failures.
- **Liquidity Pools:** Decentralized liquidity pools can provide continuous liquidity for tokenized equities, reducing the impact of large trades on market prices.

### 6. **Regulatory Evolution**
- **Regulatory Clarity:** As blockchain technology matures, regulators are increasingly providing clearer guidelines and frameworks for blockchain-based securities, fostering a more supportive environment for innovation.
- **Cross-Border Regulations:** Harmonization of international regulations can facilitate cross-border trading and investment in blockchain-based equities.

### 7. **Institutional Adoption**
- **Market Integration:** Major financial institutions and stock exchanges are exploring and integrating blockchain technology into their operations, which will drive wider adoption and standardization.
- **Custody Solutions:** Secure and compliant custody solutions for digital assets are being developed, making it easier for institutional investors to participate in blockchain-based equity markets.

### 8. **Challenges and Considerations**
- **Scalability:** Blockchain networks need to address scalability issues to handle the high volume of transactions typical in equity markets.
- **Interoperability:** Ensuring seamless interoperability between different blockchain platforms and traditional financial systems is crucial for widespread adoption.
- **Security and Privacy:** While blockchain offers enhanced security, protecting against cyber threats and ensuring privacy for sensitive financial data remain critical concerns.

### Conclusion
The integration of blockchain technology into equity trading is poised to transform the financial markets by making them more efficient, transparent, and accessible. While challenges remain, ongoing advancements in technology, regulatory clarity, and institutional adoption are likely to drive significant growth and innovation in this space. The future of equity trading on a blockchain promises a more democratized, efficient, and secure financial ecosystem.

The future of trading equity on a blockchain promises to revolutionize the financial markets with enhanced efficiency, transparency, and accessibility. Here are several key aspects and potential developments:

### 1. **Increased Efficiency and Speed**
- **Instant Settlement:** Blockchain technology enables near-instantaneous settlement of trades, reducing the traditional T+2 (trade date plus two days) settlement cycle. This decreases counterparty risk and improves liquidity.
- **Reduced Costs:** By eliminating intermediaries and automating processes through smart contracts, blockchain can significantly reduce transaction costs associated with clearing and settlement.

### 2. **Enhanced Transparency and Security**
- **Immutable Ledger:** Transactions recorded on a blockchain are immutable and transparent, which increases trust and reduces the potential for fraud and manipulation.
- **Real-time Auditing:** Continuous and real-time auditing is possible, as all transactions are recorded on a public ledger, simplifying regulatory compliance and oversight.

### 3. **Tokenization of Assets**
- **Fractional Ownership:** Blockchain allows for the tokenization of equity, enabling fractional ownership. This makes it easier for investors to buy and sell smaller portions of shares, increasing market participation.
- **Global Access:** Tokenized equities can be traded globally, 24/7, providing greater access to international markets and a broader investor base.

### 4. **Smart Contracts and Automation**
- **Automated Processes:** Smart contracts can automate many aspects of trading, including dividend payments, corporate actions, and compliance checks, reducing administrative burdens and errors.
- **Programmable Equity:** Shares can be programmed with specific rules and conditions, such as voting rights and transfer restrictions, enhancing corporate governance and shareholder engagement.

### 5. **Decentralized Exchanges (DEXs)**
- **Peer-to-Peer Trading:** DEXs allow for direct peer-to-peer trading of equities without the need for a central authority, increasing market efficiency and reducing the risk of centralized failures.
- **Liquidity Pools:** Decentralized liquidity pools can provide continuous liquidity for tokenized equities, reducing the impact of large trades on market prices.

### 6. **Regulatory Evolution**
- **Regulatory Clarity:** As blockchain technology matures, regulators are increasingly providing clearer guidelines and frameworks for blockchain-based securities, fostering a more supportive environment for innovation.
- **Cross-Border Regulations:** Harmonization of international regulations can facilitate cross-border trading and investment in blockchain-based equities.

### 7. **Institutional Adoption**
- **Market Integration:** Major financial institutions and stock exchanges are exploring and integrating blockchain technology into their operations, which will drive wider adoption and standardization.
- **Custody Solutions:** Secure and compliant custody solutions for digital assets are being developed, making it easier for institutional investors to participate in blockchain-based equity markets.

### 8. **Challenges and Considerations**
- **Scalability:** Blockchain networks need to address scalability issues to handle the high volume of transactions typical in equity markets.
- **Interoperability:** Ensuring seamless interoperability between different blockchain platforms and traditional financial systems is crucial for widespread adoption.
- **Security and Privacy:** While blockchain offers enhanced security, protecting against cyber threats and ensuring privacy for sensitive financial data remain critical concerns.

### Conclusion
The integration of blockchain technology into equity trading is poised to transform the financial markets by making them more efficient, transparent, and accessible. While challenges remain, ongoing advancements in technology, regulatory clarity, and institutional adoption are likely to drive significant growth and innovation in this space. The future of equity trading on a blockchain promises a more democratized, efficient, and secure financial ecosystem.

Implementing corporate governance on a blockchain can significantly enhance the auditing of financials through the following mechanisms:

1. **Real-Time Access to Financial Data**: Blockchain enables continuous, real-time recording of financial transactions. Auditors can access up-to-date financial records at any time, reducing the need for periodic, intensive data collection and verification.

2. **Immutable Records**: Once data is recorded on a blockchain, it cannot be altered without the consensus of the network. This immutability ensures the integrity of financial records, making it difficult for any party to manipulate or falsify information.

3. **Automated Compliance and Reporting**: Smart contracts can automate compliance checks and generate financial reports based on predefined rules. This reduces manual errors and ensures consistent adherence to regulatory standards.

4. **Enhanced Transparency**: Blockchain provides a transparent ledger that all authorized stakeholders can access. This transparency allows auditors to trace the history of financial transactions easily, ensuring all activities are properly recorded and verifiable.

5. **Efficient Reconciliation**: Blockchain can streamline the reconciliation process by providing a single, shared source of truth. This reduces discrepancies between different ledgers and simplifies the reconciliation of accounts.

6. **Secure Data Sharing**: Blockchain enables secure sharing of financial data among auditors, regulators, and other stakeholders. Cryptographic security ensures that only authorized parties can access sensitive information, maintaining confidentiality while ensuring transparency.

7. **Reduced Risk of Fraud**: The transparency and immutability of blockchain records make it harder for fraudulent activities to go undetected. Any attempt to manipulate data would require altering all subsequent records, which is practically infeasible in a well-designed blockchain system.

8. **Audit Trail**: Blockchain inherently maintains a comprehensive audit trail of all transactions. This audit trail includes detailed timestamps and records of all changes, providing a clear history that auditors can follow to verify the accuracy and completeness of financial statements.

9. **Cost and Time Efficiency**: Automated processes and real-time data access reduce the time and cost associated with traditional auditing methods. Auditors can focus more on analyzing data and identifying risks rather than gathering and verifying information.

10. **Standardization**: Blockchain can standardize the recording and reporting of financial data across different organizations and jurisdictions. This uniformity simplifies the auditing process and ensures consistency in financial reporting.

By leveraging these capabilities, blockchain can transform corporate governance and financial auditing, making the process more transparent, efficient, and secure.
Bullish
BULLISH

Implementing corporate governance on a blockchain can significantly enhance the auditing of financials through the following mechanisms:

1. **Real-Time Access to Financial Data**: Blockchain enables continuous, real-time recording of financial transactions. Auditors can access up-to-date financial records at any time, reducing the need for periodic, intensive data collection and verification.

2. **Immutable Records**: Once data is recorded on a blockchain, it cannot be altered without the consensus of the network. This immutability ensures the integrity of financial records, making it difficult for any party to manipulate or falsify information.

3. **Automated Compliance and Reporting**: Smart contracts can automate compliance checks and generate financial reports based on predefined rules. This reduces manual errors and ensures consistent adherence to regulatory standards.

4. **Enhanced Transparency**: Blockchain provides a transparent ledger that all authorized stakeholders can access. This transparency allows auditors to trace the history of financial transactions easily, ensuring all activities are properly recorded and verifiable.

5. **Efficient Reconciliation**: Blockchain can streamline the reconciliation process by providing a single, shared source of truth. This reduces discrepancies between different ledgers and simplifies the reconciliation of accounts.

6. **Secure Data Sharing**: Blockchain enables secure sharing of financial data among auditors, regulators, and other stakeholders. Cryptographic security ensures that only authorized parties can access sensitive information, maintaining confidentiality while ensuring transparency.

7. **Reduced Risk of Fraud**: The transparency and immutability of blockchain records make it harder for fraudulent activities to go undetected. Any attempt to manipulate data would require altering all subsequent records, which is practically infeasible in a well-designed blockchain system.

8. **Audit Trail**: Blockchain inherently maintains a comprehensive audit trail of all transactions. This audit trail includes detailed timestamps and records of all changes, providing a clear history that auditors can follow to verify the accuracy and completeness of financial statements.

9. **Cost and Time Efficiency**: Automated processes and real-time data access reduce the time and cost associated with traditional auditing methods. Auditors can focus more on analyzing data and identifying risks rather than gathering and verifying information.

10. **Standardization**: Blockchain can standardize the recording and reporting of financial data across different organizations and jurisdictions. This uniformity simplifies the auditing process and ensures consistency in financial reporting.

By leveraging these capabilities, blockchain can transform corporate governance and financial auditing, making the process more transparent, efficient, and secure.
Bullish
BULLISH

Implementing corporate governance on a blockchain can significantly enhance the auditing of financials through the following mechanisms:

1. **Real-Time Access to Financial Data**: Blockchain enables continuous, real-time recording of financial transactions. Auditors can access up-to-date financial records at any time, reducing the need for periodic, intensive data collection and verification.

2. **Immutable Records**: Once data is recorded on a blockchain, it cannot be altered without the consensus of the network. This immutability ensures the integrity of financial records, making it difficult for any party to manipulate or falsify information.

3. **Automated Compliance and Reporting**: Smart contracts can automate compliance checks and generate financial reports based on predefined rules. This reduces manual errors and ensures consistent adherence to regulatory standards.

4. **Enhanced Transparency**: Blockchain provides a transparent ledger that all authorized stakeholders can access. This transparency allows auditors to trace the history of financial transactions easily, ensuring all activities are properly recorded and verifiable.

5. **Efficient Reconciliation**: Blockchain can streamline the reconciliation process by providing a single, shared source of truth. This reduces discrepancies between different ledgers and simplifies the reconciliation of accounts.

6. **Secure Data Sharing**: Blockchain enables secure sharing of financial data among auditors, regulators, and other stakeholders. Cryptographic security ensures that only authorized parties can access sensitive information, maintaining confidentiality while ensuring transparency.

7. **Reduced Risk of Fraud**: The transparency and immutability of blockchain records make it harder for fraudulent activities to go undetected. Any attempt to manipulate data would require altering all subsequent records, which is practically infeasible in a well-designed blockchain system.

8. **Audit Trail**: Blockchain inherently maintains a comprehensive audit trail of all transactions. This audit trail includes detailed timestamps and records of all changes, providing a clear history that auditors can follow to verify the accuracy and completeness of financial statements.

9. **Cost and Time Efficiency**: Automated processes and real-time data access reduce the time and cost associated with traditional auditing methods. Auditors can focus more on analyzing data and identifying risks rather than gathering and verifying information.

10. **Standardization**: Blockchain can standardize the recording and reporting of financial data across different organizations and jurisdictions. This uniformity simplifies the auditing process and ensures consistency in financial reporting.

By leveraging these capabilities, blockchain can transform corporate governance and financial auditing, making the process more transparent, efficient, and secure.
Bullish
BULLISH

Implementing corporate governance on a blockchain can significantly enhance the auditing of financials through the following mechanisms:

1. **Real-Time Access to Financial Data**: Blockchain enables continuous, real-time recording of financial transactions. Auditors can access up-to-date financial records at any time, reducing the need for periodic, intensive data collection and verification.

2. **Immutable Records**: Once data is recorded on a blockchain, it cannot be altered without the consensus of the network. This immutability ensures the integrity of financial records, making it difficult for any party to manipulate or falsify information.

3. **Automated Compliance and Reporting**: Smart contracts can automate compliance checks and generate financial reports based on predefined rules. This reduces manual errors and ensures consistent adherence to regulatory standards.

4. **Enhanced Transparency**: Blockchain provides a transparent ledger that all authorized stakeholders can access. This transparency allows auditors to trace the history of financial transactions easily, ensuring all activities are properly recorded and verifiable.

5. **Efficient Reconciliation**: Blockchain can streamline the reconciliation process by providing a single, shared source of truth. This reduces discrepancies between different ledgers and simplifies the reconciliation of accounts.

6. **Secure Data Sharing**: Blockchain enables secure sharing of financial data among auditors, regulators, and other stakeholders. Cryptographic security ensures that only authorized parties can access sensitive information, maintaining confidentiality while ensuring transparency.

7. **Reduced Risk of Fraud**: The transparency and immutability of blockchain records make it harder for fraudulent activities to go undetected. Any attempt to manipulate data would require altering all subsequent records, which is practically infeasible in a well-designed blockchain system.

8. **Audit Trail**: Blockchain inherently maintains a comprehensive audit trail of all transactions. This audit trail includes detailed timestamps and records of all changes, providing a clear history that auditors can follow to verify the accuracy and completeness of financial statements.

9. **Cost and Time Efficiency**: Automated processes and real-time data access reduce the time and cost associated with traditional auditing methods. Auditors can focus more on analyzing data and identifying risks rather than gathering and verifying information.

10. **Standardization**: Blockchain can standardize the recording and reporting of financial data across different organizations and jurisdictions. This uniformity simplifies the auditing process and ensures consistency in financial reporting.

By leveraging these capabilities, blockchain can transform corporate governance and financial auditing, making the process more transparent, efficient, and secure.
Bullish
BULLISH

Implementing corporate governance on a blockchain can significantly enhance the auditing of financials through the following mechanisms:

1. **Real-Time Access to Financial Data**: Blockchain enables continuous, real-time recording of financial transactions. Auditors can access up-to-date financial records at any time, reducing the need for periodic, intensive data collection and verification.

2. **Immutable Records**: Once data is recorded on a blockchain, it cannot be altered without the consensus of the network. This immutability ensures the integrity of financial records, making it difficult for any party to manipulate or falsify information.

3. **Automated Compliance and Reporting**: Smart contracts can automate compliance checks and generate financial reports based on predefined rules. This reduces manual errors and ensures consistent adherence to regulatory standards.

4. **Enhanced Transparency**: Blockchain provides a transparent ledger that all authorized stakeholders can access. This transparency allows auditors to trace the history of financial transactions easily, ensuring all activities are properly recorded and verifiable.

5. **Efficient Reconciliation**: Blockchain can streamline the reconciliation process by providing a single, shared source of truth. This reduces discrepancies between different ledgers and simplifies the reconciliation of accounts.

6. **Secure Data Sharing**: Blockchain enables secure sharing of financial data among auditors, regulators, and other stakeholders. Cryptographic security ensures that only authorized parties can access sensitive information, maintaining confidentiality while ensuring transparency.

7. **Reduced Risk of Fraud**: The transparency and immutability of blockchain records make it harder for fraudulent activities to go undetected. Any attempt to manipulate data would require altering all subsequent records, which is practically infeasible in a well-designed blockchain system.

8. **Audit Trail**: Blockchain inherently maintains a comprehensive audit trail of all transactions. This audit trail includes detailed timestamps and records of all changes, providing a clear history that auditors can follow to verify the accuracy and completeness of financial statements.

9. **Cost and Time Efficiency**: Automated processes and real-time data access reduce the time and cost associated with traditional auditing methods. Auditors can focus more on analyzing data and identifying risks rather than gathering and verifying information.

10. **Standardization**: Blockchain can standardize the recording and reporting of financial data across different organizations and jurisdictions. This uniformity simplifies the auditing process and ensures consistency in financial reporting.

By leveraging these capabilities, blockchain can transform corporate governance and financial auditing, making the process more transparent, efficient, and secure.

Trading digital equities on a blockchain offers several potential benefits:

1. **Transparency**: Blockchain technology provides a transparent and immutable ledger of all transactions. This ensures that all trades are recorded and can be audited in real-time, reducing the risk of fraud and enhancing trust among market participants.

2. **Efficiency and Speed**: Blockchain can facilitate faster transaction processing and settlement times compared to traditional systems, which often take several days. This can lead to increased liquidity and more efficient markets.

3. **Cost Reduction**: By eliminating intermediaries and streamlining the trading and settlement processes, blockchain can significantly reduce transaction costs, including fees associated with clearing and settlement.

4. **Security**: Blockchain's decentralized nature and cryptographic security features make it difficult for hackers to alter transaction records, enhancing the security of digital equity trading.

5. **Accessibility**: Blockchain can provide access to a wider range of investors, including those in regions with underdeveloped financial infrastructure. This can democratize access to investment opportunities.

6. **Fractional Ownership**: Blockchain technology enables the tokenization of equities, allowing for fractional ownership. This means investors can buy smaller portions of expensive assets, which can increase market participation and liquidity.

7. **Smart Contracts**: Smart contracts on the blockchain can automate various processes related to trading, such as dividend payments and regulatory compliance, reducing the need for manual intervention and increasing operational efficiency.

8. **Global Reach**: Blockchain operates on a global network, which can facilitate cross-border trading and investment more seamlessly compared to traditional systems that often face regulatory and operational hurdles in different jurisdictions.

9. **Data Integrity**: The distributed nature of blockchain ensures that data is consistent and up-to-date across all nodes, minimizing discrepancies and errors in trade records.

Overall, trading digital equities on a blockchain can lead to a more efficient, secure, and inclusive financial market.

Big good golden days are ahead. Don't listen to the puff of smoke here Chee Chee cheee ... Narcotic users here Chee Chee cheeee.

Good days are koming.



Enjoy

The ten day average is nine million shares per day which isn't much. We have the Adar Alef and SE Holdings notes with principle balances outstanding of $584,079 that matured two years ago and are earning default interest of 24% hanging out there. By the end of June the 153,038,923 restricted added at the end of December will be vested. That 153 million shares represents the 25 million issued for the media contract, 71.25 million issued financing fees for loans, and the 56.79 million issued for warrants. The first two are priced at $0.001 with the balance being recorded as paid in capital calculated from the share price listed above par. That is $25K towards the media contract and $71,250 towards the financing fees. They have a lot to do before the January bench trial for the GS Capital lawsuit when Blackstar could be on the hook for serious money not to mention their own legal bills being rack up. They also have the series of notes payable with maturities of less than a year starting from March 2023 to deal with. You will know the new shares are coming when you see a new infomercial. Marc is doing nothing other than nipping at the heals of this ticker.



For the quarterly period ended September 30, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594923000100/begi-20230930.htm
Page 10
Common Stock
During the nine months ended September 30, 2023, the Company issued shares of its common stock as follows:
698,077,221 shares for conversion of $116,725 principal and interest on convertible notes
payable.

For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm
During the year ended December 31, 2023, the Company issued shares of its common stock as follows:

845,162,311 shares for conversion of $200,432 principal and interest on convertible note payable.
71,250,000 shares valued at $266,063 as consideration for financing fees for loans made to the Company.
25,000,000 shares valued at $100,000 ($0.004 per share) as partial consideration for a media consulting contract.
56,788,923 shares for exercise of previously issued warrants at $0.0128 per share. The exercise price was revised to $0.00062 per share from $0.25 per
share as per antidilution provision of the warrant agreement…

With so much volume that could only have been Marc, taking some profits

looks like someone liked the 25 level. all sells into it from 11:00 to close. Did someone take their $0.00065 conversions?

Blah, Blah, Blah. Can't get it back to a penny Marc? 🤡

I've kept the price above .002 with my BLNK profits..........now beware of my RONN holdings (it is SUBSTANTIAL)..........I may just fly out to Colorado to meet with the company in due time..........

All other stinky pinks company's do not advertise. This one has had five infomercials promoting what are this point simply proposed methods for applications that run on Amazons product without any disclosure about efficacy. I see nothing developed for the corporate governance or the what they are calling "Digital Funding of Securities" on a blockchain. They have managed to get method patents for these items but have not develop anything that can be monetized. They could have been developing something under patent applied but for years have not from what I see. As for the method patent for the trading platform we know that it isn't allowed to operate due to rules governing securities so it is untested.

In the annual Blackstar states "We believe that the BDTP™ platform is compatible with the Depository Trust Company’s (DTC) Deposit and Withdrawal at Custodian (DWAC) service..." We believe? They can't say more because the trading platform is not operational. What more, the DTC is moving to tokenized stocks and acquired Securrency in December 2023 which has tokenization software. Read about Project Ion below. Trading tokenized stocks legally on a blockchain is already being done and the CEO stated this himself in the first infomercial this year. Link to that infomercial in post# 12668 below.


Bubae
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 13782
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174150905
Want to talk about tokenized securities? The CEO talked about securities that are ...currently are traded LEGALLY in the form of tokens securitized by common stock which is thrown into a blockchain. Link to that infomercial below where the CEO makes the statement starting at about 9:30 into the segment.Tokenized Stocks: The Future of Stock Trading
The INX Digital Company INC | April 8, 2024
https://www.inx.co/learn/beginners/tokenized-stocks-the-future-of-stock-trading/#:~:text=A%20tokenized%20stock%20is%20a,versions%20of%20well%2Dknown%20companies.
Stock exchanges have been the cornerstone of traditional finance, giving investors the ability to buy and sell shares. A new innovation has emerged in how stocks are issued and managed called tokenized stocks. Tokenization involves the issuance of digital security tokens on a blockchain. These tokens can represent various things, from loyalty points to real estate ownership.


Dec 11, 2023 • Press Releases
DTCC Comments on Acquisition of Securrency
https://www.dtcc.com/news/2023/december/11/dtcc-comments-on-acquisition-of-securrency

Today, DTCC announced it has closed on the transaction to acquire Securrency Inc. (“Securrency”), a leading developer of institutional-grade, digital asset infrastructure. DTCC announced the signing of the definitive agreement to acquire Securrency in October.


DTCC completes acquisition of tokenization solution Securrency
December 11, 2023by Ledger Insights
https://www.ledgerinsights.com/dtcc-completes-acquisition-of-tokenization-securrency/

Meanwhile, last year DTCC launched Project Ion, a post trade stock settlement solution. It runs in parallel with DTC’s classic settlement system which remains the system of record, presumably to adhere to SEC requirements. That solution runs on R3’s Corda enterprise blockchain.



For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm

Page 5
COMPANY OVERVIEW

References throughout this registration statement to “digital shares” and similar terms refers to the typical way securities are held and traded and is the same as DTCC eligible book entry securities. We are not attempting to “tokenize” securities, but intend our concept to use distributed ledger technology to execute and record securities transactions with higher efficiency and lower cost, which is essentially a back-office function.

Page 17
We believe that the BDTP™ platform is compatible with the Depository Trust Company’s (DTC) Deposit and Withdrawal at Custodian (DWAC) service, which provides participants with the ability to make electronic book-entry deposits and withdrawals of eligible securities into and out of their DTC book-entry accounts using a Fast Automated Securities Transfer service (FAST) transfer agent as the distribution point. We have designed our technology to be fully compatible with the DWAC system – i.e. shares of stock in uncertificated (book-entry) form can be moved into or out of the DWAC system just as with certificated shares of stock through a company’s existing transfer agent and existing broker-dealers.

Page 38
The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. The use of a blockchain in our proposed platform often gets conflated with crypto asset markets due to blockchain’s use in those industries as well.

BlackStar's latest patent will revolutionize how public and private shares are offered, prioritizing investor interest on our digital platform. Stay tuned for June 2024! Details here: accesswire.com/viewarticle.as… #finance #blockchain $BEGI #trading

Nobody will buy these patents. It sounds nice but don’t fool yourself

And just like pretty much all other company advertise. FYI that is a nothing burger.
The real meat is in the patents,

and yes stock go up and down, congratulations for pointing that out. Gold medal for you. 🥇

That is impressive, but what should be troubling to anyone owning shares is that after 3 informercials and the receipt of 3 or 4 patents, the stock price is down 78%.

Crooked thieves....

And yet this is up 6x from a year ago,

You're right, I just hate that these crooked thieves on this board try and bash a decent company.

Need more than patent news...it's no longer selling shares. We need a product or service that brings in revenue. Hopefully it's in the stars soon.

Great news!!!! Thanks

Can’t argue with that

New 8K out. What we already knew, another method patent penciled into the original template. Time for another infomercial.


FORM 8-K
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000080/blackstar8k52124v2.htm

On May 20, 2024, the Company issued a press release entitled “BlackStar will Receive a Patent on the Digital Funding of Securities on a Centralized Blockchain.” A copy of the press release is attached hereto as Exhibit 99.

I always like the ignore user posts for those so self involved to believe anyone cares. Those sharing real due diligence here do so for those conducting their own who represent the new money needed for the conversions . Most who read these boards are bag holders who like the hand holding from those who constantly promote no matter the facts of the matter. Marc has been promoting heavily since this was at its 52 week high of $0.0128. Those who ignored the dilution posts in December fell victim to the more than 70% sell off at the end of the year. No one now is denying the potential conversions for the defaulted debt and the fact that the CEO himself is heavily involved in the promotion of the share sales though the infomercials. What is also well known now is that the trading platform is unable to operate due to regulatory rules governing securities and that the new method patents are nothing but paper at this point. This CEO has been selling shares for years off this narrative.


Savannah-Marc
Re: None
Tuesday, February 20, 2024 3:35:45 PM
Post# 11777 of 13844
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173885877&txt2find=board%2Bseat
I hold one other stock and if it goes big time in regard to share price then I am using the profit from that to buy more BEGI shares! My dream is to buy so many shares that I earn a board of directors seat!!!Savannah-Marc
Re: ice trader post# 4303
Wednesday, November 29, 2023 10:33:21 PM
Post# 4442 of 13310
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173325037
My dude, if you sold out of BEGI and stated you moving on, then why the fock you still here pissing and complaining and trying to shoot down Blackstar. Are you trying to save the little guy investor and make us beware the Blackstar or are you really just trying to scare up more shares and knock the price down??? The more you bash, the more I make, I own a sizeable amount of the float. Your fear tactics only encourage those like me to hold and accumulate more shares.
BLACKSTAR TO $5 A SHARE!!!!!
PLEASE BASH BEGI MORE, IT ONLY SHOWS THAT YOU'RE HERE AND WITH AN AGENDA!!!!!
Bubae
Re: Short Squeeze post# 13808
Monday, May 13, 2024 7:36:24 PM
Post# 13817 of 13844
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174409805
Three conversion possibilities for this period to the end of June when those restricted shares that were issued in Q4 2023 are ready. The Adar Alef and SE Holdings notes total $584,079 in principle earning 24% interest and have been in default since 2022. Those two notes have until the 15th to lock in their conversions at $0.00065 based on 50% discount to market based on conversion language for the past twenty trading days. After which the price has been rising so to does the conversion price. The balance of the GS Capital note plus interest which has a 50% discount to market based on the lowest trading price of the previous twenty days should also be available. Then there is the 52 million restricted that has vested which could be shares from the Form "D" registration filed in May 2023.

"ignore user" is a wonderful thing Marc. I'm new on this board and that's what i did.

But… there’s is Marc, who whenever anyone provides BEGI data that he doesn’t like, he calls them a liar. Maybe have a word with him as well

You're right. That's wasn't cool of me to say that. My apologies. And even though I don't think a lot of the company I do hope it goes up and up and people make money. Seriously!

Say what you want just be kind! Has nobody taught you that? Don’t put people down you can voice your opinion in a kind way. At the end of the day some will make money and some will lose. I’m patient and if I’m right I will make money. If not I will learn from it and move on! Not sure why the hostility. Time will tell who’s on the right side of the opinion.

Hey Marc, your game changing stock is down exactly 78% from it's 6 month high of .0128. You've gone from giving wild PPS predictions to proud and braggadocious that it's remained in the .002s. Wow.

You're just too lazy or dumb to get out a calculator and dig into the numbers

It was a question, not a comment you dipsh*t. Do you know what a question mark is?

So, the BEGI price has consistently remained in the .002's as I said it would. This board has turned into just 2 stock bashers talking to each other as the BEGI price stays consistent and grows. What does that tell you? Bigger money is coming.

More lies from a stock bashing liar, the end.

Are you for real! That’s the most ridiculous comment so far.

The OTC site now shows that Blackstar is delinquent in their reporting. That was pretty much expected.

NT 10-Q
https://www.sec.gov/Archives/edgar/data/1483646/000106594924000069/blackstarnt10qmarch2024.htm

...The Registrant intends to file the subject Quarterly Report on Form 10-Q on or before the fifth calendar day following the prescribed due date, however, given the extraordinary circumstances, the filing may be further delayed.

Judge for yourself. I know that the November updates weren't capture for the two OS updates in December. I have already pointed out that the number for the float has consistently been wrong. The current float shows 1,606,723,782 shares dated October 31st 2023 but we know according to the Q3 filing that the outstanding share count was 1,244,572,435 shares November 1st shown on page 1 of the Q3 and shows the same number in the chart on page 5 for September 30th 2023. I have always assumed the number on the OTC site were accurate but now I see that they should be verified.



Bubae
Re: None
Tuesday, April 09, 2024 9:16:59 AM
Post# 12825 of 13894
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174202842&txt2find=new%2BSeptember

For those new to this stock be careful when reading the security details for this ticker on the OTC site....

...The next change for the float was March 28th. Funny that the share count for the float increased by only a single share to 1,606,723,782 but this time they changed the date to 10/31/2023. Again, with an outstanding share count total of 1,671,892,114 you would be led to believe that very little was added to the float over the previous five months....

Do you think the CEO is being deceptive?

New update this morning for the OS showing zero increase back dated again to the 17th. It looks to me like the 20 window would have been closed by the 16th for the $0.00065 conversion price but I may be wrong because the back date to the 17th may be for a reason. Remember, they converted in November according to the annual and indicated in the two updates in December that the share count had not increase since September 30th. I we see another infomercial I would assume they have new shares to move.


Bubae
Re: None
Thursday, May 16, 2024 9:06:50 PM
Post# 13866 of 13894
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174436131&txt2find=OTC%2Bsite
The share updates on the OTC site for Blackstar are not to be trusted in my opinion, so be careful. According to the annual in November 2023, Adar Alef converted $13,455 principal into 62,100,00 shares of the Company’s common stock at a price of $0.0002167 per share. The updates for the OTC site, screen shots in post# 13663 liked below, shows that the outstanding share count remained unchanged from September 30th through December 22nd.

That dilution isn't fake and you don't see any dilution deniers anymore. We know now from the annual report that they were issuing new shares in November though they didn't report the increases with two subsequent share count updates on the OTC site. Everyone complains about the toxic shares dumps buy no one says anything about the CEO personally promoting the sales with the infomercials since the beginning of the year. I guess G.S. Capital needed some help moving the more than 257 million shares with a conversion price of only $0.00006. 🙄 We know that 495,744,512 shares have been added since September 30th 2023.

JohnnyRothrock
Re: gshores post# 5077
Monday, December 04, 2023 2:55:34 PM
Post# 5081 of 13894
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173354842
That poster is disingenuous, because never gave credit that the company did not dilute one share with billions in volume in November, and December… When you see that kind of deception… And when you see someone not give credit where credit is fully due… As this is, the penny market dilution is an every single ticker at some point, and often very heavy… For that not to happen is an awesome thing but somehow that one disingenuous voice spun it, so it was bad… Ha ha… I still don’t know how or understand but that’s all we need to know about their dishonest intentionBubae
Re: None
Thursday, May 16, 2024 9:06:50 PM
Post# 13866 of 13894
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174436131&txt2find=OTC%2Bsite
The share updates on the OTC site for Blackstar are not to be trusted in my opinion, so be careful. According to the annual in November 2023, Adar Alef converted $13,455 principal into 62,100,00 shares of the Company’s common stock at a price of $0.0002167 per share. The updates for the OTC site, screen shots in post# 13663 liked below, shows that the outstanding share count remained unchanged from September 30th through December 22nd.

Real what? 😂

You're fake.
BEGI is real.