According to the SEC’s orders, there are questions regarding the nature of the companies’ business operations and the value of their assets, including in press releases issued beginning in early January 2018.  Additionally, the Commission suspended trading in the securities of CHIT because of its delinquency in filing annual and quarterly reports.

Blockchain technology has been defined as securities where  rather than relying on a centralized record it has a shared ledger which is visible to every node or participant.;the use of cryptography makes the system public yet secure; blockchain technology is designed to prevent tampering or amendment.