Weekly Review: 06/03/2019

Welcome to Ledgerback’s Official Blog

Hello and welcome to the official blog for Ledgerback, a research, development and educational institute for technology and policy, especially in the areas of decentralized technologies and alternatives (e.g., governance, finance).

In Review

Putting the past week in perspective, Ledgerback members have continued working research planned for release late 2019, which is discussed in further detail in the next two subsections.

Automated Licensing

Charles Adjovu and Ewa Fabian are working on the literature review and basic legal frameworks (i.e., first half ) of the research report. The first half is nearly completed for the first draft of the research report, with a couple sections left to be added and reviewed before issuing out a first draft.

Additionally, we are considering issuing out the First Half separately from the Second Half of the research report.

The First Half of the research report is background information to inform readers about previous works and the underlying technologies and frameworks needed to formulate solutions to issues in music licensing, while the Second Half of the research report is intended to discuss potential decentralized alternatives to address issues in music licensing.

For more details, please send a message to hello@ledgerback.coop.

Decentralized Collaborative Analytic Framework

Charles Adjovu and Afonso Casanova are working on the first draft of the decentralized multi-stakeholder collaborative analytic framework.

The framework is meant to provide general factors to evaluate/study the stakeholders, financing, governance, software development, and other factors in decentralized collaboratives.

Currently, we are designing the framework, explaining the reasons for adding certain factors, how certain factors interact with each other, and analyzing a decentralized collaborative based on the framework.

Hopefully, we can have a first draft completed within the next two (2) months.

Cooperative Membership

We are currently working on drafting a new membership agreement and amending the bylaws for Ledgerback to clarify member duties and benefits, while also opening up Ledgerback for greater international growth.

Interesting Project: Nexus Mutual

Nexus Mutual is a decentralized alternative to insurance, that combines blockchain with similar organizational attributes of a cooperative.

Nexus Mutual is a decentralized autonomous organization (DAO) applied to the insurance industry. In Nexus Mutual, membership rights are tokenized as NXM tokens, with holders having the right to own and manage the DAO.

The NXM token has multi-utility, such that the token can utilized for four (4) purposes:

purchase cover

claims assessment

risk assessment

governance [1].

For purchasing cover, 90% of NXM tokens that are used to purchase cover are burned, with 10% reserved for Members.

For claims assessment, NXM tokens can be staked by a Member to participate in assessing a claim.

For risk assessment, NXM tokens can be staked against smart contracts to lower the cover, while the member who staked their NXM will receive NXM tokens when cover is purchased for that particular smart contract.

For governance, NXM tokens can be staked for voting on proposals, with Members earning NXM for participating in governance.

For more information on Nexus Mutual, please refer to the Nexus Mutual website.

Research Reviewed

In the past week, we reviewed BLOCKDATA’s Remittance Report.

The report provides a good overview of :

the major stakeholders in the remittance industry,

growth of blockchain innovators in the remittance industry, and

future challenges for blockchain innovators.

If you are interested in blockchain innovation in the remittance industry, we recommend reading the above report.

Ledgerback Membership

Ledgerback offers seven (7) types of membership packages for potential applicants.

The following types of membership packages available are:

Research Analyst

Supporter

Exchange

Developer

Writer

Social Coordinator

Corporate

Each type of membership package comes with “regular member benefits,” which include a twenty-five percent (25%) discount on all Ledgerback products and services, and a $10.00 credit for network transaction fees (i.e., miner’s fee).

Are members restricted to the seven types of membership?

No. You do not need to sign up for a membership package to become a member.

Anyone may become a member if they meet Ledgerback’s membership qualifications and fulfill the required procedures.

The membership packages are in addition to, not a replacement for membership.

Contact Information

You can contact Ledgerback by leaving a reply or sending an email to hello@ledgerback.coop.

Social Media

Follow us on Twitter, Facebook, Internet of Ownership Directory, Steemit, Github, Medium, and LinkedIn.

Website

www.ledgerback.coop.

Platform Cooperatives

For more information about platform cooperatives, please refer to www.platform.coop.

References

[1] NXM Token Model, Nexus Mutual, https://www.nexusmutual.io/token-model