blockchain technology = value automation platform

 

the cloud – was made to organize / store / and trade DATA

the chain – was made to organize / store / and trade VALUE

 

Blockchain was built to organize, trade, and automate the exchange of digital assets safely & securely between parties.  A decentralized system with immutable ledgers and real-time access for all parties makes it the perfect place to use a combination of holding containers (wallets) and self-executing programs (smart contracts) to build an automation platform for contracts + cashflow.

 

blockchain parts

1. smart contracts (if/then agreements)

2. stablecoins (digital value)

3. wallets (hold stablecoin)

 

platform rules

• Contracts must be funded before they can be worked on

  • Owner must fund contract (by phase) before subcontracts can be issued

  • Contractor must fund subcontracts once Sub/Supplier accepts

 

• Subcontracts cannot be issued for more than the contracted amount

  • subcontracts can be issued for less than the contracted amount (Contractor profit) – which is held by phase, until Owner approves the completed phase

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when - instantly (live onchain)

Every blockchain wallet balance is live and only approved smart contracts can change the balance – moving at the speed of the blockchain cycle time.

 

“cycle/block time” = the time it takes to record a transactions & make a new block:

• depending on which blockchain: between 400 milliseconds – 10 minutes

 

what this means is that there is no more “digital twin” like there is with software, or need to reconcile activity in one system, against another system(s).  Everything executed is in real-time and is as current as the blockchain cycle time (max 10 min lag).

 

on/off ramp

The project wallet provider is responsible for connecting an on/off ramp to take fiat currency and convert it into the stablecoins for use on their project wallet platform.