Product Protocol Specification

A protocol specification for crowdfunding/crowdlending campaigns based on digital assets issuing, integration with all business processes, funds management and financial operations.

Protocol describes all milestones and campaign parameters.

Introduction

There are several problems in ICO/crowdfunding campaigns regarding to:

1. Low level of business analytics/scoring
2. Absense of insurance
3. Low liquidity of issued assets
4. Unproductive business execution
5. Absense of risks management for investors

This standard describes the some way of business developing based on blockchain using it as a tool for transparent processes.

Counterparties

1. Local communication platform (Platform)
2. Business (Business)
3. Scoring/analytics and risks management agent (Agent)
4. Liquidity providers (Market Maker)
5. Business execution tracker (Tracker)
6. Insuranse agent (Insurer)

Platform

Platform is an agent that does the management execution ragarding to all the legal stuff based on it's location and location of all the counterparties are engaged through the whole investing process.

Business

Business may be present as a launched business or as a business-concept with go-to-market strategy. Platform should make a scoring using some scoring Agent which has a decent expertise in target Business.

Agent

Agent takes all the risks of money spending for Business. It may use some escrow services to manage the business developmet milestones.

Market Maker

The goal - is to form some liquidity management strategy, especially for the connected exchanges and market places, minimizes business cash gap consequences.

Tracker

Tracker can be presented as some foundation with analytics resources.

Insurer

Some kind of a company which does the communication between the business and investors. Using some business resources it may sign contracts with all the parties in investing process.

Protocol Parameters

1. PLATFORM_ID - Platform identity
2. BUSINESS_ID - Business legal identity (eg. Coca-Cola LTD)
3. BUSINESS_LEGAL_HASHSUM - Business legal verification docs SHA-256 hashsum (eg. 9913F9B1F619B4116D55C6626F751CBDE7FFBA345849010E6C4B95F6AFB4A606)
4. BUSINESS_LEGAL_EXPIRATION - Business legal verification expiration iso8601 date and time (eg. 2019-04-10T14:48:00.000Z)
5. AGENT_ID - Agent identity
6. AGENT_LEGAL_HASHSUM - Agent legal verification docs SHA-256 hashsum
7. AGENT_LEGAL_EXPIRATION - Agent legal verification docs expiration date and time
8. MARKET_MAKER_ID - Market Maker identity
9. MARKET_MAKER_LEGAL_HASHSUM - Market Maker legal verification docs SHA-256 hashsum
10. MARKET_MAKER_LEGAL_EXPIRATION - Market Maker legal verification docs expiration date and time
11. TRACKER_ID - Tracker identity
12. TRACKER_LEGAL_HASHSUM - Tracker legal verification docs
13. TRACKER_LEGAL_EXPIRATION - Tracker legal verification docs expiration date and time
14. INSURER_ID - Insurer identity
15. INSURER_LEGAL_HASHSUM - Insurer legal verification docs
16. INSURER_LEGAL_EXPIRATION - Insurer legal verification docs expiration date and time
17. CAMPAIGN_START - Campaign start date and time
18. CAMPAIGN_FINISH - Campaign finish date and time
19. TOKEN_PRICE(DATE_TIME) -> FLOATING POINT - Lambda function for the virtual asset price
20. INVESTOR_ID - Investor identity
21. KYC_PASSED(INVESTOR_ID) -> BOOL - KYC passing
22. ALLOWED_REFUND(DATE_TIME, INVESTOR_ID) -> BOOL - Lambda refund function

ACL (Access Control List)

1. Legal verification docs are unavailable for public access