Non-profit cryptocurrency technology development organization Internet of Coins announced that it has launched a ‘hybrid asset’, a multi-blockchain token that enables transfer of value between blockchain systems without the need of any update or adaptation of existing cryptocurrency source code.

The Internet of Coins also made a live demonstration of the transactional operating system and geographical user interface (GUI), which powers novel hybrid asset blockchain technology, the release stated. This presentation was made at A-Lab in Amsterdam and was received by the cryptocurrency community and industry peers.

“Our goal is to create a coherent whole out of the decentralized economy initiatives we see today. There are more than a few decentralized exchange initiatives out there that we are bonding together to form a decentralized financial web,” Joachim de Koning, founder of Internet of Coins, stated.

The ‘hybrid asset’ performs as a dynamic portfolio by spreading the risk from holding value on a single blockchain to storing it on multiple chains. It is designed with a strong meta-level approach and offers safety from digital currency volatility and blockchain failures by providing a new vehicle for value storage.

“With this system, we aim to make everyone an exchange, to take away the risks of trusting a centralized third party and to connect alternative economies across geographical borders,” Robert de Groot, co-founder of Internet of Coins, stated. “Exchanging value should become as easy as swapping files; we aim for Internet of Coins to become the Bittorrent of cryptocurrencies and asset systems.”

The organization’s development team recently announced a project launch campaign Coinstorm. Through this, Internet of Coins is encouraging a revolutionary collaboration with digital currency enthusiasts in order to decentralize the alternative economy.

Internet of Coins has also announced an upcoming crowdsale, as a part of the initiative, on March 21, 2017. It has early bird options for investors who are interested in receiving a 5% discount during the crowdsale.