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Project DeSIGN

20 January 2020 Written by 
Published in Project Mint

2020 kicks in with the launch of Project DeSIGN leveraging on the takeaways from Project Mint.

The mission is to create awareness and increase adoption of the blockchain domain through education in the form of seminars, workshops, meetups and roundtable discussions.

Baked into the project are features such as decentralisation, consensus-building (trustless), censorship-resistant, open-source, programmable, ease of on boarding for interested individuals

To ensure a sustainable value creating ecosystem, financial incentives must result in a win-win outcome along the line of game theory. With interests properly aligned, it is possible for participants to benefit in an ecosystem where rising tide lifts all boats. We can also extend the insurance analogy in this context as a form of risk diversification. Factors influencing the outcome include disruptive innovation, negative externalities, exchange of fair value, governance & democratization, double spend, financial incentive, carrot & stick. Decentralized applications (DApps) aka smart contracts will attempt to address the inefficiencies of the prevailing capital allocation model.

In the roadmap, we will explore opportunities to collaborate within the fintech/blockchain domain. It is a fast emerging space and is expected to materially impact how commerce will be transacted in the future. Individuals seeking to future proof themselves from this disruptive innovation would be wise to on-board forthwith.    

The vision of the project is to be a leading coaching / mentoring academy in the region by 2022.

To achieve this, the milestones shall include:

  • sandbox (platform) to assess the veracity of the mission statement
  • two essential factors to take into account
    • speed of transaction/confirmation of payment
    • micropayments and fees
  • creating a training platform/center with the goal of helping future proof individuals
    • the target audiences are:
      • pre-entry /entry level workforce – mastering the more popular blockchain technology e.g. bitcoin, ethereum
      • mid-career labour force – empowering /enabling to apply such technologies that add value to prevailing practices
    • developing solution(s) leveraging on the block chain technology to further reinforce the ideals/attributes of decentralisation

The ecosystem covers a broad spectrum of academic disciplines that a cross-disciplinary approach covering philosophy, politics, economics, mathematics, science, technology, finance, business, history would be essential to fully appreciate the magnitude of the concept of decentralization or democratisation. As such, we do not advocate deep-diving in phase 1 into the narrower aspect of conducting workshops on the blockchain technology (programming) – we as well as the participants would lose the plot in the process.

The key areas of competency shall cover:

  • e-commerce
    • content management
    • e-shop
    • point of sale
    • crowdfunding
    • payment processing
      • hash time locked contract (htlc)
  • workshop & project
    • marketplace
      • product
      • owner
      • price
      • buyer, seller
    • resources
      • front end
        • javascript
        • web3.js
        • bootstrap
        • react
        • css
      • back end
        • ethereum
          • solidity
          • truffle suite
          • blockchains (ganache, testnets, main)

The next step will be to hook up with stakeholders having shared beliefs and behaviours (with adequate skin in the game). Stakeholders should possess the core values that are likely to grow the economic pie within the ecosystem. They are likely to come from a decentralised environment of specialists, influencers, generalists, and or networkers.

Assembling the team can be arduous but the initial pain taken to carefully gather the dream team will have tremendous payoffs down the road.

The team will be building DApps that will address the following issues

  • byzantine generals problem
  • tragedy-of-the-commons
  • tokenomics
  • tokenisation (utility, security)
    • asset
    • rights
    • currency
    • loans and leases

The timeline is as follow:

  • 2019 – e-commerce btcl1, btcl2
  • 2020 – collaboration / partnership
  • 2020 – workshops ethereum level1, level2, and level3
    • training hub-and-spoke in the region
    • scaling potential
  • 2021 –project applications for pressing use cases (pain points)

Project DeSIGN should cover the bases – Specific, Measurable, Attainable, Relevant, Timely objectives.

Read 2857 times Last modified on Monday, 20 January 2020 20:37
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