BlackStar Enterprise Group Inc (BEGI)

[Bubae]

The trading platform and it method and system patent has been essentially rendered useless for years due to rules governing the trading of securities. Now the next shiny object to lure would be buyers of the stock is "corporate governance" penciled into the template. In trying to understand what the CEO is peddling now I found the article below dated July 2023.

FACULTY OF LAW BLOGS / UNIVERSITY OF OXFORD
The Viability of Blockchain in Corporate Governance
Posted 11 July 2023
https://blogs.law.ox.ac.uk/oblb/blog-post/2023/07/viability-blockchain-corporate-governance

As we demonstrate, each of them raises questions about whether the use of blockchain technology for corporate governance should be encouraged further or approached with caution as a utopian vision.

...Advocates assert that blockchain facilitates the establishment of decentralized autonomous organizations (‘DAOs’) that operate without hierarchical structures...

DAOs present legal uncertainties, liabilities, and complex governance features. For instance, without a legally recognized entity, DAOs can be deemed de facto general partnerships, exposing token holders to joint and several liability.

While blockchain technology holds promise for addressing challenges in securities issuance, and trading, the migration from existing systems to blockchain-based solutions is extremely complex.

Despite the potential of blockchain to provide shareholders with end-to-end confirmation, there is still a lack of widespread adoption for AGMs. Many initiatives in this area fail to materialize, showing uncertain business cases and (technical) complexities when it comes to the use of blockchain for shareholder processes.

Various legal, governance and path-dependency issues challenge current blockchain initiatives in corporate governance. Implementation often reveals centralized elements, undermining true decentralization. In combination with technical complexities, these factors hinder the adoption of blockchain technology in corporate governance.