ICO by France’s Talao demonstrates opportunity and risks policymakers must address

Talao — a French startup, which offers a blockchain platform for finding talent for a variety of projects, — has started presales of its ICO and will open the process to the public in June. The ICO will serve two purposes: raising money to build a new version of the platform, and distributing the tokens that participants can exchange through the system for goods and services.

If blockchain startups such as Talao fulfill their ambitions, they will challenge the most fundamental concepts of capitalism. And while subverting that system offers some tantalizing benefits in terms of more evenly distributing the rewards of such an enterprise, it also means such shifts could undermine things like the tax structures on which governments around the world depend.

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