AntShares is a Chinese start-up that aims to create a Nasdaq P2P, using blockchain technologies to create a protocol for creating, issuing and exchanging property titles. A new consensus algorithm is proposed -dBFT - decentralized Byzantine Fault Tolerance. For comparative purposes, Antshares is located between Ethereum and Counterparty in the decentralized application development services offering. Some applications that could be released on the protocol:
Peer-to-peer lendingDigital asset marketplace Equity participatory financingLoyalty programs.
After the publication of the book blancexplicating the operation of the protocol in September 2015, the start-up had raised its first funds on the Chinese participative financing site WeAngel.com by a Public Offer of Tokens (OPJ) or ICO for Initial Coin Offering. An operation that allowed him to raise 2100 bitcoins. Antshares is in its second campaign of socio-financing and already more than 5000 BTC (+ 3M USD) have been lifted. In 2014, the Chinese investment fund Lei Li had invested in the project through the Pre-Angel venture capital platform, valuing the project at 10 million RMB. Chinese entrepreneurs in the sector also invested in the project. It is also the first fundraising event where participants can withdraw prior to the launch of the Protocol (operating software) scheduled for autumn 2016. The start-up is primarily focused on the participatory financing market and aims to create a market "Small ants". AntShares, means in madarin "little ant" Xiaoyi, "little ant". The protocol is developed and operated freely by Onchain, a blockchain start-up based in Shanghai.
A project to follow since this is the first 100% Chinese blockchain to offer a protocol to create intelligent contracts.