When Bitcoin was first created nearly a decade ago, it arrived on the scene with tremendous promise for the world. That promise was easy to understand and was a direct response to the 2008 financial crisis in which self-interested bankers and politicians very nearly collapsed the economy. Bitcoin was designed to help facilitate a peer-to-peer digital currency system that would return financial control to the people.
Almost ten years later, that promise remains unfulfilled.
To be sure, the digital currency revolution has produced benefits for the world. For example, cryptocurrency and its underpinning blockchain technology have succeeded in delivering a reliable, decentralized data storage mechanism. This innovation has opened the door to an array of applications that may render redundant the established and traditional methods of managing information in areas critical to value exchange for consumers and businesses. In addition, many groups and organizations have created faster, more private, more efficient, and more portable iterations of digital money.
The problem is that cryptocurrencies have failed to follow suit and become a reliable store of value.
There are two main reasons for this. First, despite rising interest and investment in the space, cryptocurrencies remain small in scale compared to incumbent fiat money types, and they are not yet commonly accepted for transactions. Second, individual cryptocurrencies currently lack the intrinsic value proposition they need to create a price floor that would discourage rapid price drops in the trading environment. These two factors have combined to limit cryptocurrencies to a role as speculative trading instruments rather than investments in the future of money.
The primary objective of DNotes is to position itself as the first, and preferred, peer-to-peer digital cash for mass public acceptance, in much the same way that Microsoft has become the preferred option for operating systems. The focus is to build an integrated, mutually beneficial, profit-generating business ecosystem to aid DNotes’ adoption and utility. That dynamic will provide support for DNotes with apportioned profits and equity from those business activities, providing it with an intrinsic value proposition that forms a valuation price floor. The ecosystem will be managed by DNotes Global Inc.
The DNotes Global ecosystem already boasts the world’s first cryptocurrency vault with a deposit guarantee (DNotes Vault, 2014), a FinTech news media organization (DCEBrief, 2015), and the royalties from a business success book and subscription-based video product that will assist future business clients and partners (The Four Pillars of Business Success, 1q2015). The next business phase will include rapid scaling of the existing business properties, and the addition of a world-wide payment network, cryptocurrency exchange, charter bank, letter of credit facilities, multi-currency payment cards, and an array of business consulting and financial services that will be funded through multiple rounds of venture financing—the first being a Reg A+ Tier II mini-IPO under the JOBS act that the company will initiate the process for in early 2018.
DNotes also functions as a platform for Turnkey Blockchain solutions that satisfy the needs of businesses that want to rapidly deploy powerful applications on the blockchain. This further expands the use-case and intrinsic value of DNotes as both a currency and a platform, widens the business partnership opportunities for DNotes Global, and opens more doors for investment that may act to stabilize the DNotes token through equity backing.
In summary, DNotes is a complex ecosystem that creates a positive feedback loop to support rapid scaling and growth. This whitepaper will break up these three main functions to best explore DNotes in its dimensions as a global payment system, a turnkey blockchain development platform, and a business ecosystem.