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THE WHITE PAPER
Catalog1. Overview................................................................................................................1
2. Background.......................................................................................................... 2
3. The Present Situation........................................................................................4
4. IDA Asset Digitisation.......................................................................................7
4.1 A New Horizon of Value Creation.......................................................... 8
4.2 Value Creation........................................................................................... 12
4.3 Technology Overview..................................................................................... 19
4.3.1 Blockchain Technology........................................................................ 19
4.3.2 Digital Assets........................................................................................22
4.3.3 Technological Solutions....................................................................... 23
4.4 A Co-engineered Strategy......................................................................24
4.4.1 A Deep Integration of MATRIX Underlying Technology ....24
4.4.2 A Deep Integration of Sigfox Internet of Things Technology........... 29
5. Products and Services.................................................................................... 34
5.1 The Business Rationale............................................................................35
5.1.1 A Complete Asset DigitisationSolution....................................37
5.1.2 A Multi-functional Solution......................................................... 38
5.2 Two-tiered Asset Structure.................................................................... 39
5.2.1 IDA token..........................................................................................40
5.2.2 MRT token........................................................................................ 46
5.3 Buildingthe Ecosystem............................................................................ 54
5.3.1 IDA Investment Fund.....................................................................54
5.3.2 The MRT Marketplace................................................................... 56
5.3.3 The Token Exchange Centre........................................................57
5.3.4 Multi-functional Ecosystem.........................................................57
5.3.5 Implementation Plan..................................................................... 59
6. Underlying Technology..................................................................................60
6.1 TechnologicalLayers.................................................................................62
6.2 TechnologicalDesign................................................................................71
6.3 Smart Contracts.........................................................................................73
6.4 DAPP..........................................................................................................76
6.5 Cross-chain Technology..........................................................................78
6.6 Service Interface........................................................................................79
7. Sample Project: Laos Old-growth Timber Assets.................................81
8. Token Issuing Mechanism............................................................................ 87
8.1 Issuing MRTs.............................................................................................. 88
8.2 Issuing the IDA Token............................................................................. 89
9. Development Timeline................................................................................ 92
10. The Foundation.............................................................................................. 96
11. The Team and Advisors...............................................................................99
12. Partners...........................................................................................................113
13. Legal Advisories...........................................................................................115
13.1 Risk Disclosure...................................................................................... 116
13.2 Disclaimer...............................................................................................119
14. Related Attachments................................................................................. 122
1.Overview
The IDAasset digitisation ecosystem( “ IDA
Ecosystem”)will drive the digitalisation of the
real economy using an innovative asset
digitisation business model that combines
blockchain technology, artificial intelligence
(AI), Internet of Things (IoT) technologies,
data-driven financing, and mobile robots. The
IDA Ecosystem enables thedata to truly
constitute assets with enhanced digital
ownership rights on the blockchain. At the
same time, itincreases the connectivity and
circulation of real assets, through creating an
"Internet of everything" that promotesdigitalisation
of the real economy. The IDA Ecosystem
provides an enterprise asset digitisation
solution and functionality to build a thriving
ecosystem for exchanging all qualified real
assets.
.
Summary
2.Background
The 21st century can be seen as the dawn of a globalised knowledge
economy. Traditional business models and markets are bracing for
varying degrees of disruption from the maturation of swiftlyevolving
information technologies. IDA is creating a data ecosystem that
integrates the real and data economies, offering a complete
digitisation solution that uses the Internet of Things (IoT), big data,
and artificial intelligence on a digitised asset public blockchain.
Current situatio
n
3. The Present Situation
The rapid evolution of theInternet has created the foundations for a
flourishing data economy. These advances in information technologies
are being further accelerated by the mobile web, big data, the Internet of
Things (IoT), artificial intelligence, and blockchain. The data economy is
already the most vibrant and fastest evolving area of the present
economic system, andthese emerging technologies arespeeding the
transformation of traditional industries. IDA estimates that the data
economy in the United States reached $10.8 trillion USD in 2016,
comprising 58.3% of the GDP.By comparison, the data economy in China
reached $3.4 trillion over the same period, representing 34% of the
GDP.Other leading data economies include Japan, Germany, England,
France, and Korea with similar GDP proportions in the respective
countries.
The data economy has introduced substantial improvement in asset
circulation and resource allocation. The efficiency, robustness, and ease
of circulating assetsis a key driver of economic growth. The efficient
allocation of resources is essential for their optimal utilisation and
reduces associated social and economic costs. The rapid evolution of the
current sharing economy is a direct result of new efficiencies in resource
allocation.
The role of asset digitisation in optimising asset circulation and resource
allocation is as follows:
-Digitisation allows information to be networked and enhances the ease
of managing and transacting assets.
-Today ’ s sharing economymade breakthroughs in asset allocation by
digitising tangible resources so that many people can simultaneously
view the status of available resources. This has introduced great
advances in resource efficiencies and management.
Asset digitisation is already an essential driver of emerging economic
developments.The deeper integration between web services and
blockchain technologies will create evolving capabilities that further
advance the digital economy.
Digital capitalization
4.IDA Asset Digitisation
IDA is a public chain offering
a total digitisation solution
linking the real and digital
economies through the
integration of blockchain,
IoT, big data, and AI.
4.1 A New Horizon of Value Creation
Importance for Enterprises
This novel financing platform will optimise the allocation of resources
and increase the circulation of goods, while helping small and medium
enterprises (SMEs) to connect to financing and global markets. It will
also help SMEs to overcome common barriers to growth, including
inadequate financing, contracting markets and low asset liquidity.
At present, financial capital remains the primary driver of global
economic growth, but this paradigm is projected to be overtaken by
the maturing digital economy. Digital assets will become the new
driver of economic growth. IDA is a digital ecosystem which
incorporates blockchain technology, internet of things, big data, and
artificial intelligence technologies to provide one-stop solution for
asset digitalization.
Importance for the Global Economy
The AI-powered blockchain solution at the core of the IDA Ecosystem
offers participants a service-enriched ecosystem for digitising assets.
As the volume of participants, assets and equities on the platform
grows, the scope of opportunities for businesses to collaborate and
combined economy on theIDA Ecosystem will increase.
The “Belt and Road Initiative” (BRI), formerly known as “One Belt,
One Road”, is an umbrella term for parallel initiatives along the “Silk
Road Economic Belt” and “21st Century Maritime Silk Road”. BRI
was unveiled in September of 2013 as a cross-border initiative to
collaborate on strategic regional economic development projects in
countries along the combined belt and road corridors. The naming of
the Belt and Road Initiative alludes to connecting countries along the
The IDA Ecosystem offers an effective channel to digitise assets and
equity data, substantially reducing transaction costs of the different
industries, while providing a highly reliable system of credit. This
creates a novel economic model to support the growth of small and
medium enterprisesacross different industries.
Importance for Industries
Importance for Ecosystem Participants
The Value of Asset Digitisation for the Nationally-Sponsored
the Belt and Road Initiative
historic Silk Road, through advancing cultural and economic
exchange under the banner of peaceful development. Its mandate
seeks to expand multilateral cooperation between China and
associated countries, through developing a platform for effective
regional collaboration that promotes economic partnerships,
intergovernmental trust, economic synergy, cultural acceptance and
mutual benefit.
Vision for IDA
The asset digitisation platform of IDA is a global marketplace helping
asset holders and investors to use tokenisation to convert and
exchange digitised resources over the blockchain.
Asset holders can create and offer their own secondary
tokens, thereby adding value to assets.
Consumers in the ecosystem can exchange asset tokens
to transact across asset categories.
Ecosystem participants can potentially receive incentives
through participating in transactions.
The IDA Ecosystemhelps individuals and enterprises to digitise
real-world assets, using leading-edge blockchain technology to
increase transactional efficiency and systemic trust within an
ecosystemthrough strengthening rights of ownership, resource
tracking, and recordkeeping for transactions. The primary advantage
of digitising assets on a blockchain, as opposed to traditional
centralised systems, is that all transactions related to an asset are
tracked on an immutable ledger independent of the issuer. A
significant advantage of the shift from circulating digitised assets on
a centralised system to a distributed social transactional model, is
that any resource channel can create its own hub for circulating
assets. Blockchaintechnology increases the market efficiency of
digitised assets by providing a free and open multi-participant
exchange platform.
IDA is expanding this market into other BRI regions throughout
Southeast Asia, the Middle East, Europe and Africa. The platform will
also support expanding the ecosystem of assets across a virtually
unlimited range of asset categories and industries including natural
resources, smart cities, health supplements, technology, international
trade, and more.
4.2Value Creation
Connecting Real Assets and the Digital World
Asset digitisationprimarily solves the problem of how to mirror the
physical and digital worlds. There is no current means for entities in
the physical world to directly enter the digital world, or to turn purely
digitised entities into tangible objects. The further evolution of the
information age calls for a more effective way to use digital means to
manage the physical world. The first online databases began digitising
information about physical objects, and now the Internet of Things
(IoT) is advancing new applications of using sensors to track and
gather information from real objects.
The Importance of Asset Digitisation for the Real Economy
Asset digitisation can help companies to substantially increase
operational efficiency and minimise management costs. From
production to shipping, digitisation can help enterprises to manage
large volumes of products more quickly and easily.
Asset digitisation can providean important new form of financing
for small and medium businesses. Issuing coupons or incentive points
online are examples of how businesses can digitise products and
services. Some companies even use digitisation mechanisms to issue
securities,bonds,and cryptocurrencies as an alternative means of
financing.
The deeper integration of data technologies and the real economy
has become a disruptive force in the development of industries, and at
the same time presents new business models for growth. In industrial
applications, asset digitisation is driving innovation by accelerating
automated production. In academia and education, digitising
intellectual assets has created a strong network effect for knowledge
sharing. There also are many applications for transportation, and
autonomous vehicles. Mobile ordering has further streamlined the
food and beverage industry, providing more options and convenience
at any time of the day. Digitising agricultural products has already led
to big advances in freshness and food safety.
The Inevitable Integration of Blockchain and Asset Digitisation
The widespread digitisation of assets is an inevitable development and
blockchain technology will enhance transactional efficiency in this new
paradigm.
The key to increasing asset circulation is introducing a more
convenient model. Blockchain technology will lower the costs, waste
and losses tied to their transactions through asset digitisation.The
current economic model presents substantial barriers for exchanging
corporate and personal assets. This is particularly true for small and
medium enterprises. This makes financing difficult and costly,
generally requiring interest rates that are higher than what banks offer.
As a result, businesses are starved of needed capital for growth, and
there are no convenient or robust enough systems for them to offer
tokens. Blockchain technology can improve financing and circulation
problems in the present economic model,by supporting a more secure
and efficient means of transacting digital assets.
Through using asymmetric cryptography and authorisation
technologies, blockchain technology can increase the transparency,
completeness, integrity, and attribution of asset transactions, hence
greatly deterring fraud and illegal activity.
The Advantages of Blockchain for Asset Digitisation
Technology is not an end in itself, so selecting a new technological
approach is about finding an optimised solution to a particular
problem. Blockchain technology solves a number of transactional
shortfalls for digital assets by greatly increasing the velocity of
circulation.
Firstly, blockchain technology lowers the barriers to entry for digitising
assets with a lower cost and learning curve. A blockchain can create
digital packages for assets, making them easier to identify and track
over the blockchain. Secondly, blockchain technology offers a
platform for assets to span over locations virtually. Once assets are
digitised, they can be transacted globally using real-time data with
greater transparency and impartiality. Finally, using blockchain
technology for asset digitisation dramatically lowers the cost of
mutual trust, through increasing efficiency and circulation and
reducing waste.
Promoting Growth for Small and Medium Enterprises
IDA is built on the belief that supporting the development of
small and medium enterprises (SMEs) is an important imperative in
every country. Helping to support the growth of SMEs depends on
understanding the two main types of challenges.
Internal causes: to begin with, most SMEs lack comprehensive
financial capabilities , leading to information asymmetry and
difficulties in managing credit risk. This makes it difficult for banks to
evaluate their financial situations, operating performance, and growth
prospects; making cautious about lending to SMEs.
Secondly, businesses often lack sufficient assets for collateral,
making it difficult for them to serve as guarantors. Banking has
become more commercialised with increased regulation of lending
risk leading to stricter debt management practices, meaning that
SMEs seeking financing are required to provide a corresponding
guarantee or asset collateral. These requirements are particularly
stringent for SMEs.
Finally, SMEs often lack understanding of financial
institutions,with many SMEs being too rigid in their business models
and operating approaches. Many also lack updated information and
innovative technologies.This makes it difficult for SMEs to comply with
the quickly evolving rules and demands of financial institutions.
External causes: to begin with,access to credit is overly dependent
on banks in the current financial system, which is not conducive to
lending to SMEs. Secondly, the operating philosophy of financial
institutionsmakes financing for SMEs difficult. Finally, the credit
guarantor and collateral models are primarily based on financial
instruments and diversification, which is largely incompatible with most
SMEs operational models.
Solving the challenge of financing for SMEs starts from shifting the
mindset of their owners about operations to embrace a more open
Internet platform approach to increase the scope and influence of their
businesses. This can expand the regional nature of a business and
extend the value of itsproducts as well as create more transparent data
for operations and financing. Helping businesses in the real economy
to digitise will improve coordination with suppliers and allow SMEs to
achieve an operational and reporting standard that commercial lenders
and institutional investors are looking for. The combination of
blockchain,Internet of Things, AI, and big data financing technologies
can support a new funding model for traditional and non-traditional
businesses. Qualifying assets that can be registered with national
authorities can be digitised for the blockchain and enjoy superior
decentralisation, unalterable data integrity, and systemic trust; while
helping SMEs overcome the difficulty and high costs of financing
through traditional institutions.
The IDA complete asset digitisation solution can play an
important role in SME development. In the future, IDA will create an
asset digitisation technology research centre to advance new spheres
of application and technologies to help small businesses benefit from
modernisation of their operations.
4.3Technology Overview4.3.1 Blockchain Technology
A blockchain is a distributed and immutable ledger maintained over
an encrypted online eer-to-peer (P2P) network. Transactions are
verified by a consensus mechanism across distributed nodes in the
network before data is recorded in a noneditable chain structure. This
novel ledger technology achieves both greater security and
transparency. Transactions are completed according to smart
contracts that are executed by automated scripts, protected with data
encryption, and verified by distributed participants in the network. In
essence, a blockchain secures information in the database through
having transactions verified by independent parties across the
network. In contrast to previous distributed databases, a blockchain
has the following distinguishing characteristics:
Decentralised “ trustless ” transactions: enables secure
interactions between parties without a need for direct
third-party intermediaries or oversight. This greatly reduces or
eliminates transaction risk.
Authorised users: users have full control over their data and
transactions.
High-quality data: supports more complete data with greater
consistency; that is moreinstantaneous, accurate and broadly
accessible.
Durability, reliability and resilience: network decentralisation
means that there is no single locus of vulnerability, hence
precluding malicious attacks.
Transparency and permanence: By removing the need for a
third- party authority, users are assured that transactions will be
reliably executed according to a mutual agreement.
Simplification of the ecosystem: Including every transaction in
the public ledger reduces the inconsistencies and complexities
of maintaining multiple sets of records.
Rapid transactions: Inter-bank transactions can take multiple
days for processing and finalisation; particularly outside of set
business hours. Transactions on the blockchain can be reduced
to several minutes, and without restriction on the hours of
operation.
Low transaction costs: Due to its decentralised structure,
blockchain technology reduces or eliminates transactional fees
associated with third-party intermediaries. In practice,a
blockchain can increase information sharing and mutual trust
between participants.
Present economic systems are heavily reliant on the control of
centralised institutions or some form of third-party documentation.
The decentralised nature of blockchain technology, however,enables
parties to transact directly. This boosts efficiency and friction-less
consistency, while reducing transaction costs. A blockchain is unique
in itsability to releasecertain information to the public, yet preserve
the privacy of other information, while empowering users in the
community to individually define how to protect their personal rights
and interests.
4.3.2 Digital Assets
Digital assets could include web properties, applications ,programs,
program code, digital documents, photographs, media,cryptocurrencies,
email addresses and its correspondence, social media accounts and its
contents, cloud services, data and more. From an economics perspective,
asset digitisation consists of converting ownership rights into a binary
code format that can be transacted in daily life or commercial operations.
The term “asset” is generally associated with real assets,such as
property or vehicles; securities like equities and derivatives, oran
insurance policy. This could lead to a misinterpretation that “ digital
assets” imply an unbounded departure from the tangible world into a
fully virtual realm. Purely virtual assets are only a minor aspect of asset
digitisation, with the majority of digital assets being anchored to real
world assets. An example would be scanning and storing the deed to a
property in a digital database, or personal stock holdings being stored in
an exchange. While represented in a digital form, it is anchored to an
asset in the physical world. In this respect, digital assets are essentially a
digitised reflection of assets and equities in the real world.
4.3.3 Technological Solutions
Artificial Intelligence to analyse assets
IoT to compile data about assets
Big data processing technology
Blockchain to track asset
ownershipattribution
4.4 A Co-engineered Strategy4.4.1 Integration of MATRIX AI Network Blockchain
Technology
Mechanized Network
Through the use of artificial intelligence, MATRIX has developed a
blockchain-based network capable of reaching 100,000 transactions
per second (TPS). The platform also has auto-coded smart contracts
compiled through Natural Language Processing (NLP) with no need
for programming in Solidity.
Building on the foundations of encrypted transactions introduced
by Bitcoin, and the development of smart contracts by Ethereum,
MATRIX has created a next-generation AI-driven blockchain.
Unlike a traditional blockchain, the MATRIX blockchain is no longer a
purely software-basedtechnology. With an integrated software/
hardware approach, the MATRIX“ mechanised network ”incorporates
a custom AI chipset, system-wide AI-optimization, and Bayesian
inference to substantially expand the efficiency and functionality of
the blockchain..
Targeted Calculations
In contrast to other blockchains using a Proof of Work (PoW) mining
mechanism, MATRIX has abandoned the model of simply solving
encrypted hash values, which creates no value. The MATRIX network
will be capable of processing algorithms to power applications in
artificial intelligence. Incentives for providing computational power
will be tied to training AI algorithms or performing computationally
intensive statistical analysis on big data. This applies the computing
and energy resources from the blockchain toward valuable research
contributions. Highly Automated Through AI technology and semantic
recognition, the use of zero-coding smart contracts to assist
non-technical users will be a defining feature of the MATRIX project..
Highly Automated
A defining feature of the MATRIX project is assisting non-technical
users by using AI technology and semantic analysis for zero-coded
smart contracts.
Risk Mitigation
The MATRIX blockchain continuously improves security for users and
the platform. The AI diagnostics and self-optimising capabilities
search out and fix vulnerabilities at multiple levels of the system, from
smart contracts to transactions on the blockchain.
Intelligent
The self-learning capabilities of the MATRIX blockchain will
help the platform evolve to support more complex
transactions. This means that the “intelligent smart contracts”
will be able to progressively convert multiple qualitative
conditions into a quantitative executable form—such as a value
adjustment mechanism (VAM) for investors. This learning
mechanism will greatly enrich the scope of application for
smart contracts and the utility of the platform.
The next-generation MATRIX AI-powered and blockchain-based
platform will usher in a new era of usability and industry applications for
blockchain technology:
1. Better Usability: no programming experience needed with
zero-coding smart contracts.
2. Unrivalled Security: ongoing artificial intelligence diagnosis
serves as a comprehensive deterrence against attacks.
3. Improved Speed: greatly enhanced application and
transaction speeds.
4. Greater Flexibility: A seamless integration of private and
public chains, with an embedded capability to adaptively
evolve parameters.
Unlike the last two generations of blockchain projects, the
functionalities on the AI-driven platform of MATRIX will not be
constrained to that of a single release. While past experience limits
one ’ s ability to anticipate the needs of next-generation
blockchain-based platforms, the self-optimising capabilities of the
MATRIX platform will continuously adapt to emerging needs.
Future Growth
After extensive research, IDAselected the MATRIX platform as its
underlying technology. Considering the strength of the leadership,
unrivalled present capabilities, and ambitious development timeline,
IDA is proud to collaborate with the MATRIX project as a frontrunner
in shaping the future of blockchain technology. As the foundational
partnership with MATRIX provides the underlying technological
solution and functionalities, the MAN token can be used
interchangeably with the IDA Token for token sales and as payments
for transactional expenses across the platform.
4.4.2 Integration of Sigfox Internet of Things Technology
Sigfox, a global leader and pioneer in narrowband Internet of Things
( IoT) technologies headquartered in France, is one of the founding
architects of the ecosystem. Sigfox is currently the world ’ s most
advanced provider of wide area network (WAN) technology, with the
widest network coverage, and most application-enriched offerings of
Internet of Things (IoT) solutions.As of April 2018, Sigfox has global
partners and NB-IoT connective services in 46 countries and regions. It is
the only international provider of complete NB-IoT operations solutions,
with the benefits of seamless roaming, low cost, and low power
dissipation.Sigfox projects that its network services will be operating in
60 countries and regions by the year-end of 2018 and will begin offering
worldwide satellite web services by 2019。
Sigfox is a leading provider of global IoT applications. Over 200
well-known international companies use Sigfox IoT services including
Bosch, Nestle, Danone, Louis Vuitton, Total Petroleum andAir Liquide
Group. Broad industry applications include smart cities, municipal
management, logistics tracking, smart agriculture and smart elder care 。
In January of 2018, Xi Jinping and French President Emmanuel
Macron attended the signing ceremony to implement a new“telecare”
solution co-developed by Sigfox and Senioradom in China as part of the
Digital Silk Road Initiative.This is just another way that Sigfox is
connecting the world。
Thebasis of the IDA and Sigfox Internet of Things
TechnologyCollaboration
The Sigfox Internet of Things Solution
Manage global resources with low energy consumption : easily
deploye and update a large-scale network, supporting long distance
communications with no maintenance required
Low cost asset management : Optimise existing asset management
workflows and reduce costs creating new business value
User-friendly asset management : Easily implement and execute
seamless IoT updates and smart data-sharing solutions with no existing
network prerequisites
Global coverage:No matter where physical assets, sales, and logistics
networks are located, Sigfox can upload actionable data to the web to
create a real-time visualisation of operations.
low
cost
Low energy consumption
global coverage
easy implementation
Enabling the Sigfox IoT Revolution…
The global IDA and Sigfox community
an inclusive and international value-sharing online IoT community
The IDA Asset Digitisation Platform will leverage the global
distribution of the Sigfox IoT network for enhanced tracking for assets
and data, as well as improved circulation management.
2017 年部署
2018 年部署
2019 年部署
5.Products and Services
5.1 The Business Advantage
The IDA Asset DigitisationPlatform was created to build a more
integrated way forusers to manage and digitise tangible assets and
equity stakeswith digital assets. Using a combination of blockchain
technology, the Internet of Things, AI, mobile robots and digitisation
for assets and equities, IDA creates shared data that is unalterable and
reliable. The decentralised nature of the data makes transactions more
open, egalitarian and impartial as well as ensuring authenticity and
transparency.
SMEs are the workhorses of the present economic system,
contributing as much as 60% to the GDP of somecountries.However,
SMEs only received 20% of institutional financing, and their ability to
survive and keep pace with innovation has become a pressing concern
Common financing challenges for SMEs include shortfalls in credit,
tight asset liquidity, low fixed assets, and less advantageous credit
terms than large corporations.
SMEs are essential providers of products and services to larger
corporations in a business ecosystem. The ability for larger
corporations to grow, go public and raise funding is thanks in part to
flexible support from countless SME suppliers. However, once these
corporationshave become public, intensifying performance demands
rarely allow them to help these supporting SMEs. In fact, the
relationship generally becomes more strenuous for the SME, due to
rising production requirements, larger orders and longer payment
terms etc.
The IDA Asset DigitisationPlatform can alleviate many pain points for
SMEs, helping them grow in the following three ways:
-Managing tangible assets and equities over the blockchain
-Managing liquid assets on the blockchain
-Data-based financing solutions on the blockchain
Thanks to the two-tiered structure of the IDA Ecosystem, in addition
to conducting business on the platform, qualifying SMEs may issue their
own Material Resource Token (MRT), which function as secondary tokens
in the IDA Ecosystem, and achieve the benefits of tokenisation. The IDA
public blockchain for asset digitisation offers SMEs a choice of simply
running their business on the platform, or providing further
opportunities to develop their own digital ecosystems.
As the number of businesses and toke in the ecosystem increase,
there will be greater transactional volume and token-powered services. It
is planned for the IDA Token to eventually be listed on major exchanges,
but all secondary MRT tokens in the ecosystem would only be paired
with the primary IDA Token (which functions as the common platform
currency and the bridge with the real world). It is projected that this will
lead to increased demand for the IDA Token. All of the businesses in the
IDA Ecosystem will no longer be isolated entities , but will be linked
through the IDA Token and benefit from the interactions within.
5.1.1 A Complete Asset Digitisation Solution
The platform of the IDA Ecosystemoffers businesses a complete
asset digitisation solution, including equity certification, asset
attribution, Internet of Things services, and asset management on the
blockchain. This convenient full-service package will save businesses
considerable time and expense.
The IDA Ecosystem provides businesses with a complete and
mutually beneficial asset digitisation ecosystem for shared business
operations and establishing and exchanging their own MRTs. Any
qualifying real asset or equity stake can be digitised through the IDA
Ecosystem, allowing users to benefit from tokenisation. IDA intends
to draw on resources and investment dedicated to the Belt and Road
Initiative (BRI) and providethe leading technology to support mutual
growth throughout BRI countries.
The non-uniform nature of tangible assets presents challenges for
digitisation.
- The IDA Ecosystem will apply intellectual property protections
on all services offered, hence strengthening the overall
business environment within.
- Every type of MRT can be circulated within the MRT
ecosystems.
- Every type of MRT in the ecosystem can be freely exchanged
with other types of MRTs.
- Each type of MRT in the ecosystem would lock the value
created by the underlying asset class.
- Spending MRTs should increase demand for the IDA Token, so
each type of MRT token is linked to other types of MRTs
through the IDA Token (which functions as the common
platform currency).
- Each type of MRT contributes to building the IDA Ecosystem,
and through sharing in the business transactions, they are no
longer isolated entities but collectively benefit from the market
value of the IDA Ecosystem.
Manage real assets and equities on the blockchain
Manage liquid assets on the blockchain
Data-driven financing for SMEs on the blockchain
5.1.2 A Multi-functional Solution
5.2Two-tiered Asset Structure
While transactions in the IDA Ecosystem are of digital assets, they
are a digitised representation of real world assets or equity stakes (as
represented by secondary MRT tokens). That is to say a real asset or
equity stake is transacted in a digitised form.
This requires first creating a unique digital representation for each
asset and equity stake. In practice, assets and equity stakes each have
different attributes, posing a challenge for instituting a unified and
standardised digital representation. Thisrepresentation will only
become more challenging as the volume and variety of assets in the
ecosystem grows.
-For IDA to support seamless low-cost transactions across the
platform, each digitised asset needs to be shared in a compatible
format accepted by all parties. IDA has introduced a two-tiered asset
structure to offer two forms of tokens:
- One is a Material Resource Token (MRT) that third parties can
issue for any authorised real asset or equity stake following review and
approval. MRTs are anchored to real assets or equities.
- The other is the IDAToken, which prompts the growth of the
ecosystem and is used as the common base currency for circulation
across the platform.
Within the IDA Ecosystem, these two tokens play important
supporting roles and form the foundations of the platform.
5.2.1 IDA Token
Uses of the IDA Token
In contrast, MRTs are a digitised representation of real assets and equity
stakes in the IDA Ecosystem. ever, to truly enable the circulation of
assets on the digitised platform, a standardised format for transactions
needs to be created.The IDA Token resolves the circulation issuesfor
MRTs representing different categories of assets. In the “trustless”
IDA Token is a non-refundable functional utility token which will be
used as the unit of exchange between participants on the IDA
Ecosystem. The goal of introducing IDA Token is to provide a
convenient and secure mode of payment and settlement between
participants who interact within the ecosystem on the IDA Ecosystem.
IDA Token does not in any way represent any shareholding,
participation, right, title, or interest in the Foundation, the Distributor
its affiliates, or any other company, enterprise or undertaking, nor will
IDA Token entitle token holders to any promise of fees, dividends,
revenue, profits or investment returns, and are not intended to
constitute securities in Singapore or any relevant jurisdiction. IDA
Token may only be utilised on the IDA Ecosystem, and ownership of
IDA Token carries no rights, express or implied, other than the right to
use IDA Token as a means to enable usage of and interaction with the
IDA Ecosystem.
transactions between the different markets, the IDA Token is intended to
serve as a fair, authorised, and transparent medium of circulation for the
entry and exit of MRTs issued by third parties. The uses of the IDA Token
are as follows:
1)The IDA Token can potentially be acquired using USD, BTC, ETH, MAN
and the different types of MRTs.
2)The IDA Token provides the technologicalbase and support for the
MRTs.
3)The IDA Token serves as the technological solution and payment
mechanism for issuing the secondary MRTsrepresenting real assets and
equity stakes.
4)As the common platform currency, MRTs can be converted into IDA
Tokens at theToken Exchange Centre.
5)Used to pay for account transfer fees in the MRT marketplace.
6)Used to pay for intellectual property protections and other service fees
in the IDA Ecosystem.
7)Computational resources are required for executing transactions /
maintaining the blockchain operations of the distributed ledger, thus
providers of these services / resources would require payment for the
consumption of these resources (i.e. "mining" on the IDA Ecosystem),
and IDA Token will be used as the unit of exchange to quantify and pay
the costs of the consumed computational resources. IDA Token is an
integral and indispensable part of the IDA Ecosystem, because without
IDA Token, there would be no incentive for users to expend resources to
participate in activities or provide services for the benefit of the entire
ecosystem. The IDA Token will promote the strong and sustainable
development of the ecosystem.
As a leader in the asset digitisation space, IDA is anticipating future
developments for blockchain and is proactively imposing demanding
self-regulating guidelines.
1. The offering of the IDA Token is in accordance with international
law, regulatory standards and guidance forthe blockchain industry. The
The IDA Token supports multiple MRTsrepresenting different asset
classes and supports different participants in the ecosystem, such as
buyers, seller
s, and asset holders. The IDA Token provides a standard token for
digitised assetsacross the platform and allows different parties to
exchange tokens of different asset classes.
Companies and teams can potentially issue MRTs to support the
development of their projects, to raise IDA Tokens that are used for
their operations on the platform. The MRTs would generally
correspond to future assets or equity stakes created from the projects.
Supports platform-wide exchange
The instrument for offering tokens
Three standards for offering IDA Tokens
value of the IDA Token is not tiedto any real asset or equity stake but is
linked to the utility value of the token on the asset digitisation public
blockchain. IDA combines a number of technologies to create a digital
representation of real assets and equities on the blockchain, using
Internet of Things and big data to gather and process asset data onto the
blockchain, as well as provide enhanced ownership rights and attribution
of assets.The system uses AI to analyse asset data and ensures the
unaltered veracity of the data using the decentralised ledger and
consensus mechanism of the blockchain.
2. IDA in considering IPO and ITO standards, is considering future
legal and regulatory compliance in defining asset digitisation for MRTs
according to the rules for IPO. This includes evaluating business models,
their profit potential, legality, operational conditions, operating licenses,
as well as product appraisal. This also includes seeking registration
guidelines from corresponding authorities for issuing assets. An asset
digitisation project, at the outset, has profit potential, the ability to
circulate, volatility, and value recognised by public and financial
institutions.
3. IDA Token is creating an Asset Digitisation Standard (ADS).This
multi-functional solution will help SMEs to innovate their business
models and boost the exchange value of their assets through digitisation,
while avoiding the difficulty and high cost of funding for SMEs.
Participating SMEs and downstream businesses all mutually benefit from
theIDA Ecosystemthrough creating, sharing and exchanging assets on
the blockchain.
The IDA Token is the only standardised platform-wide token and
serves to incentivise the healthy sustainable development of the
ecosystem. As the volume of assets and variety of MRTs in
circulation grows, it's expected that there will be increased usage
and demand forthe IDAToken.
To help more ecosystem participants easily understand the
benefits and get started on the platform, IDA will create standard
project templates for key industry applications. Examples include
offering blockchain technology for managing tangible and liquid
assets, and for data-driven credit solutions to offer financing to
SMEs. These streamlined services will help to grow the number of
businesses on the platform and earn it global recognition as a
powerful new industry model.
The Usage of the IDA Token
Expanding Applications of the IDA Token
5.2.2MRT Token
An MRT serves as the digitised representation of a tangible asset or
equity stake on the IDA Asset DigitisationPlatform. MRTs have the
following qualities:
An MRT is the digitised representation of a tangible asset or
equity stake from the real world.Exchanging MRTs is equivalent to the
transfer of ownership for the tangible assets or equity
stakesthemselves. The possession of the MRT confers ownership of
said tangible asset or equity stake to the holder.
For example: The Derun (Laos) Investment Limited Corporation
owns the timber rights for a section of forest in the Bolikhamxay
province. They can use the IDA Ecosystem to improve asset
management and allocation. Derun Investment will first issue an MRT
for the timber, and subsequently the holder of the MRT will have
ownership rights over the timber assets or equity stake. If the MRT is
subsequently traded again over the platform, the rights of ownership
are turned over in the sale.
The Use and Features of MRT Tokens
An MRT Offering for Fundraising
Companies and teams can submit real world assets and their
corresponding functions for review to be qualified fordigitisationin the
IDA Ecosystem, in order to issue MRTs as a means of funding
operationsthat generate future assets and equities. In this sense the
MRTsare a representation of the future assets and equities of the
project. Within the MRT ecosystem, exchanging of property rights
occurs through the MRT. MRTs are a non-uniform medium that
represent a range of non-standardised asset classes.The IDA ensures
the fairness, authorisation, and transparency for MRTs issued by third
parties on the platform.It alsoeliminates the need for a credit
guarantee, as MRTs can be exchanged for IDA Tokens in the Token
Exchange Centre. Because of the fundamental partnership between
IDA and MATRIX, MAN can also be used for fundraising, so that both
tokens can support the ecosystem.
Since MRTs are a digitised representation of real assets and equity
stakes, the volume of MRTs issued are directly related to the
corresponding assets and equities, as the tokens must be firmly
anchored to real world ownership. Furthermore, real assets are finite
and progressively reduced through spending. The MRT platform must
update the volume of anchored MRTs correspondingly.
The volume of MRTs is bounded by equivalent real assets or equities
The Diverse Sources and Variety of MRTs
The objective of the IDA Ecosystem is to provide a global asset
digitisation solution. With the continuous expansion of the IDA
Ecosystem, the volume and variety of assets being transacted as MRTs
will continue to grow, which also means that the variety of MRTs being
offered will increase, leading to the diversification of sources for the
MRTs.
Because the issue prices of the MRTsaredesigned to be insulated
against direct market volatility, the MRT is similar to USD in being an
excellent safe haven for assets and equities.
The standard by which assets are
The Life Cycle of the MRT
IssuanceStandards for MRTs
Asset holders in the IDA Ecosystem can submit real assets and
equities to IDA for review and issue a certain volume of authorised
MRTs anchored against a corresponding amount of real assets or
equities. The application requirements include:
IDA will conduct due-diligence investigation on the issuer and offerthe issuer consultation and its approval decision.
Setting the MRT volume issued and verifying that it is according tothe corresponding assets or equities.
Offering:
-The issuer submits a project
on the IDAplatform for
review.
-Determine listing details:
relationship with tangible
assets and equities, terms of
use, smart contracts.
Token Destruction:
- MRTs anchored to tangible
assets will be automatically
destroyed through the smart
contracts upon redemption.
MRTs linked to intangible assets
do not need to be destroyed.
Circulation:
-Transactions over theplatformrepresenttransfer of ownership ofreal assets and equities.-The IDA Token is theonly recognised meansof settlement on theplatform.
1. If fundraising is the goal of issuing the MRTs, the token volume,
initial offering price and the equivalent in IDA Tokens must be
established, as well as defining the use of the tokens.
2. If asset liquidity is the goal of the MRTs, as opposed to raising IDA
Tokens, the offering volume for this type of MRT will be set according
to the turnover of the issuing enterprise for the last three years of
operation.
Token destruction mechanism, smart contracts, digitising assets
and equities for the blockchain:
MRTs will be circulated in the MRT marketplace, and the IDA Token
will be the means of settlement in and out of the MRT marketplace.
Furthermore,dependent on real-time conditions, the IDA
Ecosystemwill also incorporate an incubator investment model, as well as
big data driven supply chain finance.
The standard definition of qualifying assets in the IDA
Ecosystem:
MRTs are non-uniform tokens for non-standardised classes of
assets, with every MRT corresponding to a real asset or equity stake.
In order for an MRT to qualify for the IDA Asset Digitisation Platform,
it must satisfy three criteria for fundraising.
Issuance criteria is as follows:
MRTs have two functions。
Issued assets and equities must comply with all applicable regulationsand registered commodity standards with all jurisdictions of transaction.
All MRTs must meet the technical standards for asset digitisation.
All MRTs must meet the digitised asset exchange standards.
The standard by which assets are recognized by financial
MRT Token Exchange Mechanism
Destruction Mechanism for MRTs
Once the MRT holder redeems the real asset or equity stake from the
issuer, the resource is no longer available on the platform and the
reverted MRT is automatically destroyed as specified by the smart
contract.
The terms defining whether the MRT representing a tangible asset or
equity stake on the blockchain must be destroyed are as follows:
1) It is regarded as an asset or equity stake by financial institutions and
social convention. Examples would include: natural resources, property,
Once an authorised MRThas been issued, it can be exchanged
in the IDA Ecosystem. The IDA Token is used as the means of
settlement on and off the platform. Here are the few possible
scenarios for exchanges:
The issuer begins with a supply of MRTs, and users purchase
these MRTs using IDA Tokens. Since MRTs are directly tied to real
assets and equities, the exchange of the MRTsis equivalent to
transfer of ownership from the issuer to the MRTpurchasers.
MRTs can be transferred to other individuals, and following a
transfer, the corresponding rights of ownership for the real equity
stake or asset is also transferred to the new MRT holder.
Once the MRT holder uses the token to redeem the actual real
asset or equity stake from the issuer, the token reverts to the issuer.
real estate, and attributed assets that can be registered with national
authorities. Examples of equities include: nationally recognised securities
and property rights in real estate. MRTs for these categories of assets and
equities in the IDA Ecosystem, must be destroyed upon redemption of
the MRT. The blockchain technology has the capability to update its
status in real time, with superior speed and efficiency, on an immutable
ledger of the transactions.
The function of this category of MRTs is to serve as a reflection of real
assets or equities in the real world, with their data being safely and
effectively recorded on the immutable ledger of the blockchain. Being
anchored to a tangible asset or equity stake, the value of an MRT is
backed by real world assets.
The terms defining whether the MRT representing a liquid asset or
equity stake on the blockchain must be delisted are as follows:
For assets and equities not directly recognised by financial institutions
(examples include: mineral water, electronic notepads and handphones
etc.), there is no need to offer these MRTs publicly for fundraising. MRTs
for this category of assets and equities can be offered directly in the MRT
Marketplace. This kind of MRTs helps SMEs to improve credit flow by
allowing for assets and equities in the real world to be exchanged in a
digitised space. The exchanges benefit from the secure, efficient, near
real-time, and unalterable related data that can be tracked on the
blockchain. Through an innovative combination of big data, finance, and
investing: the credit mechanism in the IDA Ecosystem solves the liquidity
challenge most SMEs face, through allowing MRTs to serve as the
transactional medium within the ecosystem.
Value Creation of MRTs
The Price Mechanism of the MRT
For enterprises transacting assets and equitiesin the IDA Ecosystem,
MRTs are directly bound to finite real-world resources.As resources are
redeemed, the corresponding MRT will be destroyed and token
volume will progressively be reduced to zero. As a given MRT project
is concluded, it's expected that much value will be created in the form
of MRTs.
The IDA Token is the only means of settlement for MRT conversion
when entering or exiting the IDA Ecosystem. MRTs are circulated,
exchanged, and used as a means of payment within the MRT
Marketplace, and the price of an MRT is measured in IDA Tokens.
Because of the financing demandsin the issuance of MRTs, the price of
an MRT has a corresponding value in IDA Tokens. The initial price for
an MRT in IDA Tokens is set by the issuer. Since the MRT is not
anchored to the IDA Token, once the MRT is in circulation, its relative
value in IDA Tokens is determined by the wider market.
5.3 Building the Ecosystem
5.3.1 IDA Investment Fund
The Purpose of the IDA Investment Fund
The Unique Character of the IDA Investment Fund
Through the issuance of secondary smart contracts, the IDA
Investment Fund helps support the underlying foundations of the
ecosystem by investing in projects within the IDA Ecosystem. All
qualifying users holding IDA Tokens will have priority access to invest
in development projects in the IDA Ecosystem. The primary purpose of
the IDA Investment Fund is improving access to financing for SMEs,
through investing in ecosystem projects and co-creating a thriving
business environment to exchange material resource tokens (MRTs). In
the IDA Ecosystem, SMEs can do business safely and efficiently
without depending on traditional financing with high cost premiums
or restrictive timeframes.
The IDA Investment Fund is an innovation in financing,
management, and monitoring with its guaranteed participation model
for qualifying projects. The guaranteed participation model is
foundational to the IDA Investment Fund, with a pledge to provide
funding to all qualifying asset digitisation projects in the ecosystem.
The IDA Investment Fund and its portfolio companies will generally
form a separate company, limited partnership or trust company to
establish an investment fund.
The Investment Criteria for the IDA Investment Fund
After review and acceptance into the IDA Ecosystem, all qualifying
projects will receive funding from the IDA Investment Fund to promote
the development of the MRT ecosystem.
Investment criteria is as follows:
-Must be in compliance with international law and regulations
-Must meet the technical standards for asset digitisation
-Must meet the digitised asset exchange standards
The Risk Mitigation Mechanism of the IDA Investment Fund
The articles of incorporation for the IDA Investment Fund outlines the
guidelines for the operation of the fund, clear rules and procedures for
its decision making, as well as the incentivisation and risk
management mechanisms. The articles dictate the investment limits
and risk adjustment mechanisms for individual projects — taking an
overarching approach to minimising risk exposure. The IDA
Investment Fund will also provide platform-wide governance to
mitigate financial risk for all participating businesses in the MRT
ecosystem.
MRT Marketplace is one of the corevalue-added total solutions in
the IDA Ecosystem. All businesses accepted into the IDA Ecosystem
can open a digital storefront in the MRT Marketplace to offer digitised
assets. The growing number of businesses exchanging MRTs in the
marketplace will increase the value and demand for the IDA Token in
the ecosystem, and all participants will benefit from this growth. The
MRT Marketplace resolves the following problems:
The MRT Marketplace has the following features:
1) Participants moving real businesses to the MRT Marketplace
enjoy additional yields from the growth of the ecosystem.
2) Since MRTs are the only form of transactional payment when
entering and exiting the IDA Ecosystem, when redeeming the
MRTs in the ecosystem, all participants are expected to mutually
benefit from the rising market value through contributing to
increased business and building out the ecosystem.
3) Through an innovative combination of AI analysis and big data,
the IDA complete digitisation solution creates an innovative
credit model to solve the financing gap many SMEs face and
allow them to become key enterprises in the IDA Ecosystem.
The IDA Investment Fund uses data-driven financing to support
all participating enterprises in the global supply chain throughout
the IDA Ecosystem.The variety of businesses and MRTs in the
ecosystem are determined and supported by the multi-functional
technology of the IDA Ecosystem.T
5.3.2The MRT Marketplace
5.3.3 The Token Exchange Centre
5.3.4 Multi-functional Ecosystem
The Token Exchange Centre is central to the MRT Marketplace. It has
the following features:
1. The IDA Token serves as the only means of settlement in and out of
the IDA Ecosystem.
2. MRTs are used for transactional exchanges.
3. In the Token Exchange Centre, purchasers determine the volume of
MRTsthat they wish to purchase accordingto the volume of real assets
and equities they want to procure.
For the avoidance of doubt, there is no guarantee or representation of
value for MRT or IDA Tokens, which price is solely determined by the
secondary market.
5.3.5 Implementation Plan
The IDA Ecosystem has three underlying components,
1) anchored real assets and equities
2) consumer goods
3) value-added investments. IDA is a global marketplace assembling
high quality asset projects and integrating current IDA resources,
from timber resources in Southeast Asia, to high-technology industry
from Europe and the United States, to resources from Chinese
state-owned and public companies. The range of high quality projects
in the marketplace will include those of: health products, stem cells, IC
chip development, overseas travel and foreign-invested aviation
industry.
6.Underlying technology
60PAPER
The technical implementation
WHITE
There are six layers to the IDA technological framework, including the
data layer, web layer, consensus layer, contract layer, application layer,
and user end. MATRIX is an open-source public blockchain distributed
computing platform, with powerful decentralised encrypted virtual
machines to execute smart contracts. The MATRIX project is unique in
deploying system-wide artificial intelligence technology to enhance the
performance of the blockchain, increasing its usability, speed, flexibility,
and security. The MATRIX blockchain supports a high degree of
simultaneous transactions, interoperability, and cross-chain integration
— providing a robust core technology for the IDA asset digitisation
solution.
Data LayerThe IDA data layer is based on the MATRIX blockchain linked list
data architecture to ensure enhanced safety, reliability, and systemic
trust throughunalterable data。
Graphic: IDA data storage format
The high redundancy storage mechanism of blockchain
technology has a considerable influence on its scalability and
functionality, and asset digitisation has a high demand for the speed
of transactions and database access. The IDA design framework is a
multi-layered node network that uses different groups of nodes for
different storage applications.
The 102nd block
The 102nd block’spublc key:00001F48Prev Hash:00003YH1The 102nd block’sSignature:5F78MGB7
The 100th block’spublc key:00006E48Prev Hash:00007EB3The 100th block’sSignature:4E78WEF0
Transaction1Transaction2
...Transaction31256Transaction31257
The 101st block
The 101st block’spublc key:00002H39Prev Hash:00005BC2The 101st block’sSignature:1H682NVO
Transaction1Transaction2
...Transaction23528Transaction23529
The 100th block
The 100th block’spublc key:00006E48Prev Hash:00007EB3The 100th block’sSignature:4E78WEF0
Transaction1Transaction2
...Transaction1358Transaction1359
Ledger nodes: play a central role in running the consensus
mechanism to produce blocks on behalf of asset holders.
Whole nodes: are responsible for maintaining complete
data, monitoring, and relaying exchanges, but do not
participate in the consensus mechanism. Regular clients use
end-user devices or interfaces to visit the site without saving
any data. The major benefit of the multi-layered node system
is that it institutes a division of labour and different
requirements for the nodes, so that not ever y node directly
participates in data storage or relaying exchanges etc. The
system achieves greater efficiency and energy savings through
specialisation.
The P2P protocol supports data transfer and signal switching
between nodes on the blockchain-based network,which is
importantfor the consensus mechanism in ensuring a secure method
of communication. The design of the IDA system supports a number
of P2P protocols, including communications mechanism and
serialisation configurations, for flexible adaptation to different
applicational usage cases. To ensure communication security, the IDA
system supports HTTPS, TLS and WS (Secure Websockets) protocols.
To create client-facing platform applications withservice interfaces,
OAuth authorisation integration can be developed。
Web Layer
IDA has selected a PoS consensus mechanism, while making some
additional enhancements including an accounting voting mechanism
with a Byzantine fault-tolerant consensus algorithm.It has high
functionality and consistency and is well-suited for a platform
generating high transactional volume, providing a less-centralised
top-level application layer to run an efficient real-time ledger. The rule
setup for traditional blockchains requires that a certain number of
blocks are verified before there is a sufficient probabilityfor a block to
be confirmed.This is to say that 100% certainty for a prior block is
required before the consensus on a subsequent block can begin, or
else there remains a fractional possibility of a reversal. Up to 6 blocks
need to be confirmed before 99.99999% confirmation of a transaction
is reached. The finality of transactions in this model is rather weak, and
not well suited for the application layer of an asset digitisation
platform.
Consensus Layer
The IDA consensus algorithm does an excellent job in
preserving the consistency of blocks, since the asset holder and
digital asset platform play a less-centralised role. This has a definite
endorsement and trust function, preventing more than 1/3 of the
ledger nodes from malicious collusion. Even if this kind of
behaviour is discovered,the encrypted evidence trail can be traced
back to the perpetrator. This has the following advantages:
1. Professional accounting;
2. Ability to absorb any variety of errors;
3. Multi-individual approval of ledger for finality of blocks and
zero forking;
4. The algorithm is reliable as it uses rigorous mathematical
authorisation。
Contract Layer
Every smart contract offers full life-cycle management for a digital
asset on the chain. Every term of smart contracts in the IDA
Ecosystemis transacted and deployed by AI, and an additional control
management system overseesthe AI contracts in the system。
Safe smart contracts are event-driven, available for IDA auditing;
able to delegate AI management and decision-making to ensure
sustained operation of a replicated shared ledger and control assets
in the account ledger.This program can be queried through the
designatedIDA interface and other trusted web interfaces. Smart
contracts are the embodiment of smart finance grounded in a legal
framework. Due to the unique design requirements of asset
digitisation, the contract layer on IDA supports the future exchange
of a number of derivative products including forward contracts,
futures, swaps, and options (for the avoidance of doubt, these will be
compliant with all applicable regulatory requirements at all times).
All forms of derivative products are supported by IDA smart
contracts。
For example, futures contracts can be exchanged over the
blockchain, where both parties of a futures contract sign an
agreement; within the designated period they can exercise the
right to buy or sell the digital asset or equity stake according to the
pre-agreed price as a forward contract。
Exchange platform: The MRT Marketplace is an integrated
platform for trading MRTs, while providing superior security, protection
of ownership rights and attribution. The MRT Marketplace has a high
level of security, with transactions executed and analysed through smart
contracts by AI virtual machines. The smart contracts are executed by
automated scripts that match the terms of the contracts, and the
system-wide AI continuously updates contract templates in the master
library. The AI monitors all processes in the system according to set rules
to prevent attacks. This provides automated protections of smart
contracts and simplifies the exchange of digital assets. Nodes have
self-examining capabilities, which means that if a portion of information
MRT:The IDA Asset Digitisation Platform is open source and has
many auditing capabilities. Asset holders have access to a complete
SDK developer tool kit and API interface, as well as safe smart
contracts for asset digitisation. This provides a convenient way to
digitise traditional assets and big data into MRTs for exchange on the
platform. The auditing mechanism safeguards digital assets
transacted over the blockchain, while ensuring compliance with
financial and legal standards。
The IDA application layer consists of three parts:MRTs, the
MRT Marketplace, and Asset Circulation。
Application Layer
on the distributed chain is altered, it can be identified and corrected. All
of the ledger nodes on the platform have their own private keys, and
each blockheader on the chain contains the private key signature so that
any alterations can be identified according to the signature. Since
multiple nodes usenear real-time data verification, if a private key is
stolen creating the threat of bad actors altering all of the data on the
chain, the near real-time verification acts as a system-wide data auditing
mechanism that will identify any alteration of data on the chain.
Asset Circulation: Asset circulation also represents other methods of
exchanging digitised assets other than through the MRT Marketplace or
IDA Ecosystem, including online and offline payments, deposits, spot
goods,
forward contracts, futures, swaps, options and other forms of derivatives
The platform provides a variety of strongly compatible SDK
developer kits and API interfaces, offering a wide range of
end-user methods for Android, IOS and websites。
User End
Safety Framework of the Transaction
Framework of the Transaction Platform
MRT Asset Transaction Workflow
MRT Asset Digitisation Workflow
1.AI-optimised security system for smart contracts
conduct additional validation and simulation for the conditions of
Secure Smart Contracts
Transactions in the IDA Ecosystem are all executed through
smart contracts. For digital assets, security is the highest priority,
which is why IDA is using an AI-optimised security system to ensure
the
In drafting a transaction contract within the IDA Ecosystem,
participating parties utilise secure AI templates on the control chain and
the smart contract securityassistant software on the platform to audit
the contract for security loopholes. The AI can discover and patch
contract vulnerabilities, receiving authorisations for the updates from
the participating parties, until a finalised agreement is reached.
During the smart contract validation period, the contract is
transmitted to the entire network for validation by consensus. This
process requires a definite amount of time, during which there is a
possibility of changes in the external terms of the contract. In this
instance, all of the AI virtual machines in all of the validation nodes will
validate the completeness and executability of each term in the
contract.For an additional contract fee, the validation nodes can
the contract to ascertain if there are any loopholes that can be
exploited. Once the validation process is complete, the executable
contract will be automatically run on the blockchain.
There is always the possibility of unforeseen external
circumstances occurring during the automated execution of a smart
contract for an asset transaction, which could cause a vulnerability in
the contract. Throughout the execution process, the automatic
assessment mechanism in the AI virtual machine will reference the
secure rules framework of the system and implement patches for the
contract according to the rules. If there is a dispute between
participants, or the smart contract is unable to execute as expected,
the virtual machine in the IDA Ecosystem will develop a resolution
using the AI knowledge database.
2. AI security training logic for transactional smart contracts
Workflow chart for executing digital asset transactions with
smart contracts
IDA provides rich and standardised developer tools to create
applications in the IDA Ecosystem:
Private Chain Developer Tools
IDA User Interface
A user interface is indispensable for participating inthe IDA
Ecosystem, allowing users to update data, access their wallets, and use
tools and plugins。
IDA Developer Framework
To streamline the developer workload for users who wish to create
their own applications, IDA will continuously update the developer
framework with validated modules created by others to be adapted
for new applications。
If users want to use test applications on the main chain, loading
the entire blockchain and network for synchronisation will influence
testing efficiency and effectiveness, but testing on a private chain can
avoid this issue. IDA provides users with a convenient private chain
developer tool, which simplifies the testing workflow and provides an
ideal testing environment。
AI Virtual Machine
Smart Support Tools
The AI in the system will be self-optimizing based on all
application upgrades that are published across the IDA system, as well
as the wealth of blockchain source files provided by IDA, in order to
offer users smart development support tools. The tools will analyse
the code under development and provide suggestions to improve
efficiency and lower the occurrence of bugs。
If users want to create more intelligent applications, which have
been analysed by AI algorithms, the AI virtual machine can run
evolutionary simulations to recommend valuable additional features。
Functionality of the IDA Cross-chain Technology
As the influence of the IDA Ecosystem expands, it is likely that
additional public blockchain projects from other public chains will
want to issue digital assets in the IDA Ecosystem. To promote the
development of new businesses, the IDA Ecosystem will employ a
multi-chain architecture to support numerous parallel asset chains
integrated into a control chain. Even though the consensus
mechanism, parameters and algorithms along the multiple asset
chains may differ, the control chain can create uniform transaction of
assets along the different chains。
SDK Open ServiceInterface
To simplify a number of projects and accelerate new end users and
asset holders in the ecosystem, IDA will provide basic API and
standardised mini-client SDK packages for the blockchain。
SDK
Package
Asset holders and other platform users can use the API for the IDA
Ecosystem to access the ecosystem and complete various forms of
digital asset transactions。
Multi-lingual and Multi-endUser Support
The IDA Asset DigitisationPlatform is a global platform for
exchanging digitised assets. The IDA SDK tools and API are primarily in
English, and support French, Russian, Japanese, Korean, Chinesein a
total of 27 languages to support users around the world。
IDA also supports a range of user interfaces including Android,
IOS, web, and client。
API Open Interface
SDKPackage
7.SampleProjet
Laos Old-growth Timber Assets
To accelerate the time to market launch and lay the foundations for
the platform, IDA is working with Derun (Laos) Investment Trade Limited
Corporation to digitise their timber resources. The Derun Laos Company
(abbreviation for this White Paper) will issue an MRT for its natural
resources and sell these MRT to the global market in exchange for IDA
Token.
Project Overview
On March 11 of 2016, Derun Laos Investment Trade Limited
Corporation signed an agreement for the timber rights near the Nam
Theun No 1 Hydroelectric Dam in the Bolikhamxay province.The The
logging period is designated to end after all the timber had been
extracted in the agreed area or whenthe area is completely
submerged, whichever is earlier. In November 6 of 2017, Derun Laos
Company was granted 9,400 hectares for logging and processing.
An Abundant Source of Natural Resources
In July of 2016, the Institute of Forestry Sciences Research at the
National University of Laos conducted a comprehensive survey of the
5,500 hectares of old-growth forest surrounding the Number One
Hydroelectric Dam in Nam Theun:
The survey covered 3,537 hectares of primarily evergreen
broad-leaved forest and seasonal broad-leaved forest. The study
found that there were approximately 434,000 cubic metres of forest
containing trees of a circumference greater than 20 centimetres —
approximately 53,000 cubic metres with trees of a circumference
between 20-59 centimetres, and another 381,000 cubic metres of trees
with a circumference greater than 60 centimetres. The genus variety
of the forest includes Hopea, Sindora, Calophyllum and Vatica, etc。
In the 5,500 hectares of land around the Nam Theun Number One
Hydroelectric Dam, the area of fuelwood, or burnable timber, with
trees of over 20 centimetres in circumference is approximately 237,000
cubic metres; the area with trees of circumference under 20
centimetres is approximately 685,000 cubic metres. The area also has
an abundance of wild-grown Coptis Chinensis Franch, Ganoderma
Lucidum (Lingzhi) and Dendrobium Nobile Lindl which can be used for
medicinal purposes
Operations Timeframe
The Derun Laos Company invested over 30 million USD for the
legal timber rights to this area and began harvesting in November of
2017. They added 80 kilometres of logging roads through the region
and have cleared about 30,000 cubic metres of timber from trees with
circumference of over 50 centimetres. The Derun Laos Company is
working with 7 lumber processing factories as well as running a
lumber processing factory of its own. Including the Chinese finishing
factories and the planned addition of two more self-run processing
factories, in total there are approximately 20 factories working on the
project. The volume of processed lumber has surpassed 200,000 cubic
metres. A fuelwood factory will be completed in 2018, when sales
revenue-profit ratio is projected to be over 80%。
IDA is using a capacity building expansion plan to make improvements in
the following areas of sustainable development:
1. Use strategic partnerships to expand the breadth and sophistication
of the local industry, while introducing advanced technology,
value-added finishing capabilities, and a global sales network etc
2. Introduce European-North American standards for finished products,
expand product diversity, increase production standards — maintain a
harvesting ratio of 60% planted to 40% old-growth forest while
increasing primary forest usage by 2.5 times, and build new logistical
capacity for material transport
3. Ongoing purchase and planting of Eucalyptus forest to preserve the
habitat and ensure a future for the industry
4. Value-added refined processing can increase sales profits from
eucalyptus and natural forest products, from ¥1,000 yuan to ¥6,000.
This represents approximately a 13-time boost in revenue, which is
equivalent to a 6-time increase in profit and 2.5-time higher utilisation
rate
Sustainable Development and Profit Growth Plan
Project MRT sale
IDA has partnered with the National University of Laos and
DeHeng Law Offices to conduct an exhaustive survey of the Laos
forest and assessment of the project.Please see the attached report for
details of the study. In accordance with the findings of the study, the
total value of the timber resources is estimated at ¥3.85 billion RMB.
For this project, IDA an estimated ¥3 billion RMB worth of MRTswill
be issued against these assets for circulation on the platform。
8.TokenIssuing MechanismIssuance mechanism
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8.1 Issuing MRTs
In this regard, MRT can be viewed as a solid safe haven just
like the USDT, supporting the steady development of the
ecosystem。
The Derun Laos Company timber harvesting project has already
been accepted into the IDA digital asset ecosystem and has issued an
MRT as the founding stakes in the ecosystem。
10 billion MRTs have been issued against the rights to the 9,400
hectares of original timber, anchored in the 100% yield valuation of
¥3 billion RMB. Therefore, each of the 10 billion MRT can be valued at
¥0.3 RMB. The MRT sale is projected to raise 1.596 billion IDA Tokens
through the platform to support development of the ecosystem。
The current projected funds raised for one MRT is ¥ 0.3 RMB,
hence the MRT from the timber harvesting project will serve as the
pioneer project of the IDA Ecosystem。
MRTs will not be listed on any exchanges, so the offering price
of ¥0.3 RMB will remain a fixed value。
8.2 Issuing the IDA Token
Round 1: An early stage contribution round in July 2018.
Key feature: The official launch of the IDA Ecosystem.
The first token round will issue 2.6% of the set volume, or 0.26 billion
IDA Tokens to raise $6.148 million-dollar equivalent of MAN/BTC/ETH.
The main participants in the first round will be early stage contributors
and private purchasers. Proceeds will be used for developer costs, R&D
to advance IoT asset tracking and cross-chain technologies, expanding
overseas markets, community incentives, administrative staff, legal
counsel and discretionary spending.
The total supply of IDA Tokens will be 10 billion, with no additional
expansion. The first round will issue 1.596 billon IDA Tokens, to be
purchased with MAN/ETH/BTC. The primary usagewill be as follows:
Early stage contribution:total of 3.96%, locked for 360 days, a total
of 396 million IDA Tokens.
Private purchasers: total of 12%, a total of 1.2 billion IDA Tokens.
IDA Foundation (hereafter “the Foundation” for the purpose of
this WhitePaper): total of 40.04%, a total of 4.004 billion IDA Tokens.
Technology development:total of 9%, a total of 900 million IDA
Tokens.
Ecosystem building:total of 12%, a total of 1.2 billion IDA Tokens.
Community development:total of 10%, a total of 1 billion IDA
Tokens.
Operations:total of 7%, a total of 700 million IDA Tokens.
Team portion:total of 6%, a total of 600 million IDA Tokens.
Restrictions and locking mechanism
Locking for early stage contribution
Early stage
contributionunlocking
schedule
Unlocked percentage Volume of IDA Tokens
Unlocked after 90 days 25% 99,000,000
Unlocked after 180 days 25% 99,000,000
Unlocked after 270 days 25% 99,000,000
Unlocked after 360 days 25% 99,000,000
Locking for team portion
Locking for team portion
Team unlocking
schedule
Unlocked percentage Volume of IDA Tokens
Original unlocked
amount
10% 60,000,000
Unlocked after 6
months
15% 90,000,000
Unlocked after 12
months
15% 90,000,000
Unlocked after 18
months
15% 90,000,000
Unlocked after 24
months
15% 90,000,000
Unlocked after 30
months
15% 90,000,000
Unlocked after 36
months
15% 90,000,000
9.Development TimelineDevelopment of a roadmap
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2019 Q1:
-Completion of the IDA Digital Asset Platform on public
blockchain
- The Derun LaosCompany timber asset project will begin
trading in the IDA Ecosystem
2019 Q3:
-One to two additional qualifying projects related to rare
resources with pricing rights will begin trading in the IDA
Ecosystem
2018 June:
- Laos timber assets enter the IDA ecosystem
- IDA and MATRIX kick off joint development of the IDA asset
digitization public blockchain
- Sigfox provides IDA with global IoT technology solutions
2018 July:
- The IDA White Paper 1.5 in Chinese, English and Korean
- Start building the global community
2018 August:
- Global roadshow
- Complete token sale for establishing the Foundation
2018 September:
- Anticipate expansion of global asset holders
- Complete initial pledge of assets
2018 October:
- Establish the basecamp for Southeast Asian Timber
2018 November:
- Develop the IDA public chain
- Internet of Things infrastructure
2018 December:
- Launch IDA online entrepreneur portal
2019January :
- Launch the IDA blockchain research project
2019February:
- Launch the IDA digital media project
2019March:
-Complete the IDA public blockchain
-Laos timber assets on the blockchain
2019April:
- Completion of the IDA platform
2019May:
- Development of VR/AR system
2019June:
- Build the MRT marketplace
- Establish the basecamp for East Asian Herbal Medicine
-Release of the cross-chain digital wallet
2019July:
- Anticipate circulation of digitized assets tied to MRT entering
the IDA ecosystem
- Anticipate 1-2 additional rare resource projects entering the
IDA ecosystem
2019August:
- Completion of the VR/AR system
2019September:
- Anticipate high-value digitized enterprise equities tied to MRT
entering the IDA ecosystem
- The New Commercial Asset Economy Forum
2019October:
- Anticipate to expand the system for commercial assets tied to
MRT to include tangible goods, liquid assets, and equities
2020:
- Global expansion for the IDA digital asset ecosystem
Foundation
10.The FoundatinFoundation
The IDA Foundation ( “ the Foundation ” ) is an independent,
non-profit and democratic governance structure to oversee the project
to develop the IDA Ecosystem。
The Foundation is the top-level organisation, with executive
decisions made by the Board of Directors backed by the supporting
committees for risk mitigation. Their structure is as follows:
The Executive Committee : is responsible for developing and
implementing long-term planning, establishing the articles of
incorporation and governance, researching and approving feasibility
studies for new projects, as well as managing daily operations。
The Risk Management Committee:will research and implement risk
mitigation practices, establish risk management standards, assess all
operational risks, convene project risk assessment meetings and publish
the aggregated findings。
The Remuneration and HR Committee : will establish and update
remuneration and incentive structures, audit the organisational structure
and its roles, as well as carry out talent acquisition。
The Auditing Committee :is responsible for conducting audits of
operations, finance, source code and token destruction, etc。
The efficient governance of the Foundation will be key to attracting
new participants to the ecosystem, maximising its value creation, as well
as utilisingongoing development and service to acquire new talent for
the platform. Over time the management and maintenance of the IDA
Platform will become increasingly decentralised and self-regulating
through official protocol
The Foundation will dedicate a fixed allocation of resources to
realising the management and development goals of its mission. The
funding in IDA Tokens will be progressively dispensed from a 20% locked
amount. A reparations mechanism will also mete out penalties, which will
be intelligently used to help pay for the incentive structure and
incentivise the Foundation to continuously perfect the risk mitigation
system。
11.The Team and AdvisosTeam and consultant
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He has over ten years of executive management experience in
finance. He is a database management expert for the Ministry of
Human Resources and Social Security (MOHRSS) in the PRC. He
is also Secretary of Financial Organisation Group of the
MOHRSS Entrepreneurial Alliance, as well as an alliance mentor.
He is a special advisor for Cybernaut China Ventures. He has
managed investments of more than ten billion dollars, with rich
experience in investment banking, traditional finance, supply
chain financing, and funding Internet companies. He has
expertise in media, business model design and operations
management. He was an early-state investor in RSK, Oben(Pai),
Portal, and MATRIX.
Arthur He
-IDA Founder
-IDA CEO
-He has an MBA from Southwestern
University of Economics and Finance
-He is co-founder of the International Digital
Asset Management Co. Ltdwhere he serves
as Chief Executive Officer
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He has 8 years of overseas experience in investment and
managed corporate acquisitions valued at over ¥ 10 billion
RMB. Li is active in developing Belt and Road Initiatives, leading
financing on multiple national-level investment projects. He
also has over five years of overseas project management
experience, working on government projects throughout
Southeast Asia where he established strong connections with
official channels.
Lee Li
-IDA co-founder
-IDA CMO
-General Manager of IDA Overseas
Development
-Li holds a degree from the University of
Pennsylvania Wharton School of Business
Wang has sixteen years of experience as a member of the Office
of Mediation on Belt and Road Initiative projects and has a
strong track record working in investments and capital markets.
He served as chief legal advisor to more than ten companies
listing on the Shanghai and Shenzhen Stock Exchanges. Wang is
a globally recognised international law partner. He led 10
investment acquisition projects valued at more than ¥ 100
billion RMB, including the asset securitisation of ABS
engineering designs and participated in IPO guidance for
numerous companies.
Walter Wang
-IDA co-founder
-IDA CLO
-IDA Chief Risk Management Officer
-Legal and General Manager of
International Operations
Blunt Huai
-IDA CIO
-IDA Chief Network Architect
Huai holds dual degrees in engineering and literature. He was
the core technology developer behind witee.io and founder of
the Hello Token community. Huai is the founder of Xi'an
Ethereum Web Technologies Ltd. He is a smart contract
researcher at Zhizi Xinxi company in Taiwan. Huai is also the
technology partner at Token Book and project advisor at
Community Chain.
Kongkeo Saysongkham
-Dr. Saysongkhamis the current Provincial
Governor of Bolikhamxay, Laos.
-He was also the former Provincial
Delegate Secretary for the tenth gathering
of the Laos People's Revolutionary Party
and former Department Head of the Laos
Bolikhamxay Provincial Assembly.
Niu is a pioneer in blockchain investing, with more than 20
years in finance investment. He possesses rich experience in
global asset allocation, as well as deep mastery of investment
theory and management with U.S. stocks, A-shares, HKEx,
options, derivatives, and digital assets. Niu is seasoned in
overseas M&A, fund management and asset exchange. He
participated in the acquisition of many American companies
including OmniVision, Montage Technology, and Akrion;
consolidating experience in the emerging technology and
semiconductor industries.
JunLing Niu
Advisor
He is the Managing Director at China
Growth Capital and CEO of China Growth
Data.
Jared Ma
Advisor
-Ma holds a Ph.D in education,as well as
degrees in medicine and management.
Ma is the Investment Partner at the Chongqing Wanye Meike
Equity Investment Fund Management Company.He is a
Secretary of the Board-certified members of the China
Securities Regulatory Commission. Ma was awarded the 2016
"Most Promising Young Investor" by the Zhongguancun Equity
Investment Association. Ma was anentrepreneur mentor in the
final for the national 2017 Chinese Innovative Entrepreneurship
Competition, in the biopharmaceutical field. Ma was also
awarded "Outstanding Young Investor" in traditional Chinese
medicine by the Zhongguancun Equity Investment Association.
Yanick YAN
-Yanick YAN, holds a Master of Science in
Intelligent Equipment from Nankai
University
-Yan is the Senior Director of Sigfox
Global Ecology Chain and Strategic
Products in China
Yan has extensive business experience in the Internet of Things
and is responsible for Sigfox's global business promotion.
Sigfox is the international narrow-width IoT operator with the
most mature commercial operations, the most extensive
network coverage and the most advanced application
scenarios. He has served as a global leader in automotive
technology, industrial technology and sensor technology. He is
the Director of Market and Business Development for the
Asia-Pacific Region of the Sensors Division of the Bosch Group
in Germany, directly involved in the most advanced cooperation
and development of the global IoT industry.
Clark Luo
Advisor
-Luo holds a degree from Hejun
Business School at Northcentral
University.
-He is Graduate Advisor in the
Accounting Research Centre at the
Chongqing Commercial University
- He is an executive board member at
iSeeSCM
Luo had former experience in research institutes and the
military before transitioning to finance and investment banking.
Luo holds two national patents for combining scientific
research, finance and operational management. He has
conducted negotiations with over 30 Chinese publicly listed
companies, and five publicly listed Hong Kong companies. Luo
led investment in 10 companies and is currently leading supply
chain investment and management for a company listed on the
Shenzhen Stock Exchange.
Feng Meijuan
-She is former general superintendent
of human resources department of
Lenovo
-general manager of Beijing HSBC
Zhuozhong Investment Management
Co., Ltd
- she is also a business management
consultant
Han Dongmei
-Chairman of Hua Mulan (Beijing)
Investment Management Co., Ltd
-Chairman of the Canadian Coin Spring
Exchange
In May 2009, She established China’s first women’s local fund
“Hua Mulan Fund” , and held the “First Women’s Economic
Impact Forum” successfully in May, 2009. She is committed to
providing help and entrepreneurial opportunities for women
entrepreneurs who are entrepreneurs in commercial real estate,
healthcare, modern agriculture, consumer chains, cultural
media, energy conservation and environmental protection. She
is the former President of the Peking University HSBC Business
School student association, serving more than 20,000 financiers
and industrialists around the world, has a strong influence in the
financial field.
He focuses on traditional industrial upgrading, industrial
finance and blockchain. He is the author of "Social Media
Operations", "Fans Economy", "O2O Practice", "Token Economic
Design Model" and other related works.
Fan Kaiye
-he is the Founder of Hantuo Cloud Chain
-Partner of Matrix Think Tank and the
Executive Director of Linda Holdings
(1041HK)
- He is also the Director of Chinese
Agriculture Puhuijinfu, Adjunct Professor
of Nanjing University Jinling College
Jie Qin
Vice Presidient of State Street Global
Advisors and International Chartered
Financial Analyst. State Street is a top 3
global investment company and the top
asset management company in the word,
managing trust funds valued at 21.8
trillion USD.
12.Partners
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Co Construction
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13.Legal AdvisoriesLegal affairs
13.1 Risk Disclosure1. Systemic risk:refers to the potential for a confluence of system-wide
factors to cause a change in expected returns. If they were to occur, such
factors could potentially influence all of the projects on the blockchain.
For example, regulatory risk presents the possibility that regulation could
negatively impact participants. There are also market risks, for example, if
the entire market value of the digital asset market was overvalued,
participants might not be able to realise expected returns. Systemic risks
also include unpreventable factors, including but not limited to natural
disasters, a worldwide crash of the supporting computer network, or
political instability.
2. Risk of regulatorylack:with the inclusion of the IDA Ecosystem, the
exchange of digital assets contains a high degree of uncertainty. Since
the field of digital asset exchange does not yet have clear and strong
regulation, there can be large upswings and downturns, with the risk of
internal manipulation. Individuals lacking sufficient experience should
prepare themselves for strains to assets and psychological wellbeing due
to market instability.
3. Risk from introducing new regulations: if regulatory authorities
enact restrictive regulation in this field, the conversion value of the IDA
Token could be influenced, including but not limited to, fluctuations and/
or restrictions in price and liquidity.
4. Team risk:In the present blockchain field, there are many projects
with intense competition for talent. There is strong market competition
and pressure on projects. Whether or not a project can achieve success in
such a competitive landscape and win widespread recognition is tied to
the ability of the team and its planning. There are many market factors
that could cause the competitive landscape to make success less likely.
5. Project planning and sales risk:The IDA project team will spare no
effort to realise the development goals of the project plan and expand
the potential growth. There could be contingencies that arise in
implementing the project that require modifications to the project plan.
If participants in the conversion plan do not receive the new details of
the plan in a timely manner or the public lacks an understanding of the
new developments, this could cause an asymmetry of information and
lack of public knowledge of the project, which might affect the later
development of the project.
6. Project technology risk:this project is founded on cryptography,
and rapid developments in this area could bring risks for blockchain. The
distributed ledger technologies and decentralised, non-editability
technologies of blockchain that support industry development are
currently being developed by this project. There is the risk of a potential
security loophole, in which case a patch will be quickly updated, but
there is no guarantee about the extent of detrimental impact.
7. Conversion risk for tangible goods: MRTs are anchored to equities
and ownership of tangible goods. All asset holding parties share a
responsibility for the convertibility of the goods.
8. Risk of hacking or fraud : the cybersecurity risks to any given
individual involve relatively small sums, but the combined financial risk
for all platform participants is significant. One characteristic of the
blockchain technology is supporting anonymity and non-traceability,
which could be exploited for illegal activity, a hacker attack, or illegal
transfer of funds.
9. Unforeseeable risks:the potential risks briefly mentioned above are
not exhaustive and there are other risks (as more particularly set out in
the Terms and Conditions) associated with your purchase, holding and
use of IDA Token, including those that the Foundation or the Distributor
cannot anticipate. With the ongoing evolution of blockchain
technologies and industry developments, in the future, the IDA
Ecosystem could be exposed to currently unidentified risks. Before
participants choose to engage in the project, they should have a
thorough understanding of the team and entire project framework to
properly adjust expectations for a reasonable return on digital currency
returns.
13.2 DisclaimerThis White Paper is an introduction to potential token holders of the
IDA Asset DigitisationPlatform and matters pertaining to token
transactions. The information contained herein makes no guarantee of
completeness and does not constitute a contractual agreement. The sole
purpose of the White Paper is to provide potential token holders with
detailed information about the IDA Token in order for them to make an
informed decision on whether to buy it.
This White Paper is not intended as a prospectus for commercial
investment, nor is it an incitement to invest in any legal territory. This
document was not drafted with the purpose of defining or upholding the
terms and conditions or laws of any judiciary body as they pertain to
investors. Some descriptions, estimates and financial information
contained in this White Paper are forward looking projections.
The forward-looking descriptions and information contain known
and unknown risks, as well as uncertain factors. The actual results and
outcomes and forward-looking statements in this document can have a
material difference. The English version of the IDA White Paper will be
taken as the official information regarding the offering of the IDA Token.
The materials in this document may be translated into additional
languages or adapted by prospective clients, partners and other parties
in written materials or oral communication. In instances of translation,
repurposing, or conveying information contained in this White Paper,
details and relationships might be lost, corrupted or distorted. Hence,
the authenticity of such translated, repurposed or third-party
conveyedinformation cannot be guaranteed. In case of any dispute or
discrepancies arising from such translation, repurposing or conveying of
information, the English version of the IDA White Paper shall prevail. IDA
does not condone its users inevading any regulations of asset control or
investment in foreign assets.
Purchasing IDA Tokens may involve a high degree of risk. Please read
about the associated risks in the section outlining conditions and token
generation conditions (abbreviated below as “ Conditions “ ). Before
deciding to purchase IDA Tokens, please ensure that you can satisfy the
conditions detailed in the related guarantee and disclaimer. Some legal
jurisdictions where this White Paper, related proposals or IDA Token
promotions are circulated may restrict the purchase of tokens. Document
users are advised to exercise proper legal precautions and actions to
uphold the laws of these jurisdictions.
Any behaviour or situation that breeches related regulations
constitute breaking the laws of the territory.
The IDA Token is not registered with the U.S. 1993 Securities Act nor
registered in any U.S. legal jurisdiction or state judiciary.
If you meet any of the following conditions, you are not eligible to
purchase any IDA Tokens::
1. A green card holder, citizen, or permanent resident of the United
States (according to tax status or otherwise), or an individual holding
residence or property in the United States (according to tax status
orotherwise),including Puerto Rico and the U.S. Virgin Islands or other
U.S. territory.
2. A citizen or permanent resident of the People’s Republic of China
(according to tax status or otherwise), oran individual holding residence
or property in the People’s Republic of China (according to tax status or
otherwise).
If you do not meet any of these listed conditions, you certify that you
are eligible to purchase IDA Tokens and have the ability to register assets
in the IDA Ecosystem, absolving IDA of all legal responsibility in any
jurisdiction. You also certify that you are in possession of the requisite
certificates, authorisations, or exceptions (where applicable) to register
assets and issue tokens on the platform. IDA provides no guarantee and
assumes no liability for failure to fully comply with any of the
aforementioned conditions.
It is your individual responsibility to guarantee that participation in a
token sale does not violate any laws in your country of residence or
nationality.
14.Related Attachments
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Related annexes