During two weeks in mid June 2019, Blockchangers visited eight Oslo Based companies working on FinTech in Oslo asking for feedback on the platform and voicing their interest to test it, attempt to integrate the shareholders registry with proprietary solutions and send developer teams to a conference in August 2019. Five out of the eight responded positively and in effect made it possible to call a developer conference with no marketing. In addition, we received a number of request from American developer teams (by word of mouth and viral link sharing). These, sadly, had to be declined from lack of space and from the need to provide sufficient support to the attending parties.
As per October 2019, predicting what a future ecosystem will look like, is somewhat immature. Some insights can be derived from the ideas and prototypes discussed at the developers conference.
Apparently, developers seemed quite capable of finding ways to supplement information. For example, MIR does not force a seller or buyer of stocks to state the transfer price on the blockchain, because it may be confidential. Prices, however, is clearly a useful piece of information for a number of third party applications.

One participant, a tax authority, then subsequently built a smart contract platform capable of capturing the required information to process capital gains and wealth tax related to the trade of shares. The core motivation for the Tax Authorities seems to be the increased speed and accuracy, and the public relations value of abandoning its “once only” philosophy to reporting in favour of “once only is one time too much”. By accessing the platform where future listing and trading takes place, the Tax Authorities harvests the tax return itself rather than asking citizens to submit the data.
Norway’s third largest bank has invested heavily in building a platform for crowdfunding – whereby a large community of investors and savers may tap into the bond market or participate in a share issue. Their fintech branch, www.monner.no, used the blockchain cap table to remove a number of risks and simplify the task of establishing a point of departure before initiating a crowdfunding model to source capital either as equity or as convertible loans. Authentication, auctioning, allocation of shares, pricing, etc. is done on their proprietary platform, while the blockchain serves to establish trust before starting and effectuating the outcome of a share issue after it has taken place.

Blockchangers built an actual smart contract that paid dividends to the investors. The happy investors received the equivalent of USD 2 in stablecoins, transferred directly to an Ethereum based wallet. Adding payments in cryptocurrency is fairly straightforward on the platform.