Polymath has released a whitepaper for Polymesh, a blockchain designed specifically for security tokens. The blockchain includes features such as regulated assets, identity, record keeping, capital distribution, corporate governance, and stablecoins. The need for regulatory compliance across multiple jurisdictions is an obvious necessity for security tokens and Polymesh will model assets and compliance after the ERC-1400 library. Transactions on Polymesh will be facilitated through identities as opposed to the typical public key infrastructure, and token holders will be allowed to vote and perform other corporate actions on-chain. This purpose-built blockchain will be fueled by its native token, POLYX and all transactions will be subject to fees in the form of POLYX.
What You Need to Know: Polymath Releases Polymesh Whitepaper