Anyone who has ever started a company knows just how tedious that process that can be. Whether it’s establishing a shareholder’s agreement, defining the company’s constitutional structure, raising funds, or transferring shares, corporate governance procedures remain largely paper-based, requiring validation from multiple stakeholders, and their lawyers. Blockchain technologies, and specifically smart contracts, provide the rails upon which these processes can be digitized and streamlined, reducing operational costs, eliminating errors and automating menial tasks.
Manu Thanabalan, CTO of Otonomos, joins us to discuss how his company is leveraging smart contracts to accelerate incorporation and automate corporate governance. Otonomos provides the tools and services which allow for anyone to start a company in any of the jurisdictions they support. Using their platform, founders are able to define board members and issue shares, while captables are kept up-to-date in real-time. Day-to-day governance mechanisms and standard procedures such as voting and share transfers are automated through a smart contact, which complies with local jurisdictional regulation.
Topics discussed in this episode:
Mano’s background as a quantitative trader and how he transitioned into blockchainThe fundamental problem Otonomos is addressingHow we may be able to unlock a tremendous amount of value by liberating shares currently locked in private companiesLeveraging smart contracts to automate standardized corporate legal proceduresThe types of constitutional rules which can be digitized and automated with smart contractsThe ability to simplify accounting and auditing with OtonomosThe Otonomos technology stackThe current state of Otonomos and their product roadmap
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Epicenter is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.