Web 3.0 Development
In Web 3.0, decentralized applications are king, graduating away from the centralized server model of Web 2.0. A decentralized Application (DApp or dApp) is an interaction between two or more parties, transacting digital assets on decentralized ledgers each managed by a validation network. These ledgers, and by extension these validation networks, are typically called “blockchains” after the first and most popular data structure used for the purpose. Blockchains directly support simple DApps such as one-way payments in the blockchain’s “native” token (as with Bitcoin or Ethereum) and sometimes in exchanges between multiple native or user-defined tokens (as with Algorand). More elaborate applications require custom code, called “smart contract” (or “covenant” or “script”), that runs on a special-purpose secure virtual machine (VM) on each node of the blockchain. The cost of redundantly running a “smart contract” on every node is literally millions of times greater than running code on a private cloud computer, and so “smart contracts” are typically reserved for high-value code that directly controls assets.
In the early days of our venture, as we look to build credibility, we will create “Turn-Key DApps” in joint ventures with suitable partners—other companies that share our understanding of the market but have complementary skills, and that are willing to take a calculated risk to beat their competition. These “Turn-Key DApps” will be as many opportunities to showcase the unique capabilities of our team, while raising and making money with projects that have low hanging fruits. Not all of these DApps may succeed, but only one would be enough to make our community unfathomably popular.
The partners we seek will have a DApp in mind, but may lack the means to securely tackle some difficult problems about those DApps—that we can help with. Potential Turn-Key DApps that we are interested in helping build include Non-Custodial Decentralized Exchanges, Fast Cross-Cryptocurrency Payment Systems, Non-Custodial Decentralized Poker Servers, Decentralized Auction Houses, Decentralized Insurance, Decentralized Futures Market, Decentralized Massively-Multiplayer Online Games with fungible and non-fungible game tokens, Decentralized Advertising Platforms, Decentralized Supply-Chain Asset Tracking, etc. We have contacts with people building such applications, and will be closing deals when our team is ready for each of them. As our software becomes established, we will sell services to all companies that use our software.
- We will sell subscriptions to companies that want to make sure they always use the latest version of our software with all the latest features and security updates.
- We will sell maintenance contracts to companies that want to make sure that our software keeps working for them as their own environment evolves, and that we prioritize fixing the issues that they experience if any.
- We will sell development contracts to companies that need modifications to our software
- We will sell guarantees to companies that need our software to pass stringent requirements before they may use it.
- We will sell audit contracts to companies that want to make sure they use our software correctly
- We will sell training to companies and professionals who want to follow the best practices in using our software
- We may sell certification to professionals who have demonstrated their understanding of our software, how to use it, and how to extend it.
We may build and sell extensions that are Proprietary beyond this basic offering. Many of our customers may want to interface our platform with various other platforms: A proprietary database, such as Oracle, IBM DB2, Microsoft SQL, Sybase, Kdb+, etc. A proprietary ERP, such as SAP, NetSuite, Syspro, etc. A proprietary trading platform, such as Bloomberg, Interactive Brokers, etc. A proprietary analytics platform, such as Tableau, Power BI, etc. A proprietary data feed, such as Nasdaq, Knoema, Intrinio, etc. A proprietary language used in finance such as APL, J, K, Q, etc. A proprietary interface to KYC services, geolocation services, etc.