Incubator companies are not listed directly on the PIPE. They are incubated until ready to be submitted to the Fund for approval, so that the Submission is the first interaction with the blockchain.
A Submission must meet defined criteria including business plans, financial modelling, legal approval and other factors.
Blockchain tech here is used to immutably record the Submission data as well as encrypted signatures from the parties responsible for different criteria.
The benefits of this are a streamlined, efficient process for the incubator, its clients and the board of the Fund.
The standardised submission shows good practice of the Fund by a fair comparison between investments but also retains an immutable record of all representations made by each party for in the event of a later dispute.