Publicizing construction firms by cryptocurrency

Abstract

Growth as an inevitable human nature roots even in our business operation. Private entities, similarly, in seek of expansion and maybe more influence over their area of expertise, decide to go public in a certain point of time. The timing to move from private to public, indeed, is a critical factor in the future success of the business. In the traditional capitalist structure of this move, small private companies, which are defined by the Australian Securities and Investments Commission as those entities with consolidated revenue of less than $50 million per year, choose between sellout to a parent firm or Initial Public Offering (IPO). Both options have their own advantages and disadvantages. Yet, they are both complex, highly regulated, costly, and frustrating which are truly major drawbacks for small entities. Failure to go public caused by these drawbacks results in death of small businesses and loss of jobs which is followed by terrible socio-economic consequences. To avoid the conventional frustrating publicity of the private firms, in this article, utilization of cryptocurrency as the modern financial instrument is discussed. Digital currencies enable fast transition, globalization, grassroot economy, and social justice.