By using a token as the means of exchange on the EQITII Marketplace, the Foundation can take advantage of the efficiencies, security and decentralized market models that blockchain offers. and allow the market structure to be decentralized, which decreases costs, increases security, speeds up transactions and makes them more efficient.
The EQITII Token is a coupon that represents the value of the data being sold. The EQITII platform was architected to specifically shift value from the process of mining (as found in other blockchain networks) to be solely representative of the value of the commodity it represents: the data being transacted between parties. Because data can be transacted between parties anywhere in the world and across borders, a utility token creates for an efficient means to represent value of the data because it remains independent of exchange rates, impacts of local changes in fiat currency and the costs associated with the use of payment processing service providers. In short, it allows the platform to have a single representation of value, the actual value of the data being traded.
The distribution of EQITII Tokens will coincide with the launch of the EQITII Marketplace. The EQITII Tokens will be marketed to a targeted audience of enterprises who are likely to become “Users” of the EQITII Marketplace, which includes the global business-to-business (B2B) market segment, specifically global businesses from vertical markets including healthcare, manufacturing, telecommunications, banking, transportation and retail.