A token is a digital asset created on a decentralized and encrypted blockchain network.
In the BEE4 model, tokens are digital representations of the securities of listed companies, for example, digital assets backed by the book-entry shares of these companies.
In the trading environment, investors buy and sell shares that are equivalent to tokens, where ownership transfers occur, and these records are stored immutably on the blockchain, providing greater security and authenticity to the transactions.
In Brazil, BEE4 is the first trading environment to use DLT as infrastructure, referencing the SIX Swiss Exchange, the Swiss stock exchange. DLT is a category of technology that decentralizes information storage across a network. At BEE4, we primarily use it in post-trading routines, ensuring security for all members of the ecosystem, while also contributing to the automation of processes necessary to ensure ownership control after operations are completed.
Blockchain, on the other hand, is a specific type of DLT that distributes encrypted information through a chain of blocks in which transactions are recorded with an immutable signature, ensuring the security of the data. In other words: every blockchain is a DLT, but not every DLT can be classified as blockchain.
The EVM Compatible (Ethereum Virtual Machine Compatible) permissioned blockchain used by BEE4 is compatible with Ethereum’s virtual machine, allowing the creation and execution of autonomous contracts. This type of blockchain brings greater efficiency in reconciling information flows, messaging, and validations, while also potentially reducing integration costs and increasing the security of records.
Our infrastructure is built on a permissioned blockchain network, meaning it is a private network made up of client and validator nodes, represented by participants in the BEE4 ecosystem.
The Permissioned Blockchain provides BEE4 with the ability to scale and operate its network efficiently. The application is developed using Ethereum protocols, which support the growth needs of the organized market ecosystem.
At BEE4, blockchain is used both in the tokenization of securities and in the recording of trades and control of asset ownership, bringing efficiency to the entire operation.
At BEE4, we store our private keys using digital vault technology. This ensures the necessary security for investors’ wallet secrets, where private keys are encrypted and accessible only through the system.
Another measure that enhances the process’s security is the On-Chain balance consistency evaluation, carried out by registrars. We have developed smart contracts that enable a 100% automated process directly on our Blockchain, providing access to consistency validations between the operation and the corresponding investor’s ledger.
