Why financial services on the blockchain?

We believe distributed ledger technology is the next step  for financial services applications. The two most widely adopted instances currently demonstrated with blockchain technology are peer-to-peer payment (Bitcoin) and issuance and trading of ERC20 tokens (Ethereum), both financial applications. Transparency issues and counterparty risks caused by asymmetric information have been a major hurdle in over-the-counter financial markets. At NUTS we believe with the use of distributed ledger, consensus trust mechanism combined with game theoretic, the overall transparency, efficiency, and accessibility for over-the-counter financial transactions can be greatly enhanced.