Blockstack’s mission is to enable a user owned internet; an internet where users have privacy and complete control of their digital assets. In 2017, we became a Delaware public benefit corporation because this mission has a clear public benefit and we wanted to encode it directly into our company as deeply as possible.
Our Board of Directors even included the following in our certificate of incorporation. It reads: “The specific public benefit purpose of the Corporation is to enable an open, decentralized internet which will benefit all internet users by giving them more control over information and computation.”
As part of our commitment to being a public benefit corporation, we deliver an annual report. In this report, we detail how we’ve worked toward our declared public benefit over the past year. Blockstack PBC is measured against the following standards:
- Build open-source tools for the decentralized Web: We empower developers with open-source tools to build for users who value their privacy and freedom.
- Improve developer access and experience through education: We want to create accessible education for developers to build independent applications and learn from peers in the space.
- Support a robust ecosystem of software developers, entrepreneurs, and users: We raise awareness of the benefits of the Blockstack ecosystem. These include becoming part of a community of developers, having the tools to launch a business, and giving back control to users.
- Support the diversity of the Blockstack network: We’re committed to increasing diversity in the Blockstack ecosystem through partnerships, international expansion, and support of underrepresented groups.
- Promote transparent regulatory frameworks: Collaboration with regulators helps to make the Blockstack ecosystem compliant, transparent, and accessible to investors.
Highlights for 2019 include the release of our Clarity smart contracts language, partnering with Lambda School, the release of our Stacks Token Economics Whitepaper v2.0, growth of Blockstack applications to 300+, a 30x increase in Blockstack brand awareness (as measured by Awario), and completion of the first-ever SEC-qualified Reg A token offering, among many other updates.
Blockstack made huge strides this year in promoting its public benefit purpose. We thank our shareholders, developers, users, and Stacks holders for their support. We will continue our commitment to our community and to fulfill our mission to grow internet ownership.
We can’t wait to see what we’ll achieve together in 2020. Join us in working towards an open, decentralized internet that benefits everyone:
- Connect with the community on Discord
- Follow our latest updates on Twitter
Blockstack PBC Annual Report for 2019
Important disclaimer
The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC under Regulation A for our offering of certain of our Stacks Tokens. The information in that offering statement is more complete than the information we are providing now and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Stacks Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement here. Blockstack is not registered, licensed, or supervised as a broker dealer or investment adviser by the SEC, the Financial Industry Regulatory Authority (FINRA), or any other financial regulatory authority or licensed to provide any financial advice or services.*
Forward-looking statements
This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Stacks Token. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the SEC, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.
