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The ‘Social Proof of Work’ network is maintained through the issuance of ‘ARCC’, Asia Reserve Currency Coin, as an incentive. The objective is to provide socio-economic mobility for the urban working poor in emerging markets by exposing corruption and empowering their entrepreneurial capabilities through financial inclusion.
ARCC is structured as a macroeconomic stablecoin which will act as a ‘debt-free micro asset’ in a new decentralized inclusive regional economy for investment by the urban working poor into scalable and sustainable entrepreneurial ventures.
The act of ‘Social Proof of Work’ is an act of financial inclusion and distribution by allowing the urban working poor to earn free ARCC, not through hardware mining, but through participation in socio-economic surveys exposing the systemic corruption around them. This is an act of socio-economic empowerment.
ARCC is structured as a macroeconomic stablecoin which will act as a ‘debt-free micro asset’ in a new decentralized inclusive regional economy for investment by the urban working poor into scalable and sustainable entrepreneurial ventures.
This is an act of socio-economic empowerment through financial inclusion by enabling the urban working poor to earn free ARCC - not through hardware mining - but through participation in socio-economic surveys, exposing the systemic corruption around them.
Radical Social Transparency
Corrupt failing emerging markets suffer from systemic corruption and combating this requires a collective, open, verified and transparent account (Social Proof of Work Network) as a counter force to clearly identify and expose the corruption. The aggregation, verification and public awareness of this data will start the process for an increased standard of living for the urban working poor by establishing their own political mandate.
Corrupt failing emerging markets suffer from systemic corruption and combating this requires a collective, open, verified and transparent account (Social Proof of Work Network) as a counter force to clearly identify and expose the corruption. The aggregation, verification and public awareness of this data will start the process for an increased standard of living for the urban working poor by establishing their own political mandate.
By providing stability in regional transactions and investments, ARCC will be central to a boom in entrepreneurship driving real productivity across all socio-economic levels.
The ARCC APP platform is composed of 3 major areas: Regional ID, Survey participation and Social Proof of Work network. The technical mandate will be to put security and scaling as the top two priorities. Security in this case also means giving users a trustless environment for participation, as such, our focus is to use as much as possible existing open source blockchain developments. In terms of scaling issues, like many exchanges, the wallet function and internal transactions will be based on current centralized fintech development. But as there is further progress in scaling, the IBMR.io ARCC network will evolve to a fully decentralized system.
The International Blockchain Monetary Reserve, IBMR.io, is a social impact economic development reserve and advisory established to promote distributed inclusive economic development for the urban working poor in corrupt failing emerging markets through the issuance of regional ‘crypto reserve currencies’ supported by corresponding decentralized economic structures, underlying assets and regional market alignment.
The ARCC Monetary Policy Council will be the main mechanism for the governance of the ARCC token economy as a means to provide a level of decentralized authority.
The International Blockchain Monetary Reserve, IBMR.io, is a social impact economic development reserve and advisory established to promote distributed inclusive economic development for the urban working poor in corrupt failing emerging markets through the issuance of regional ‘crypto reserve currencies’ supported by corresponding decentralized economic structures, underlying assets and regional market alignment.
For ARCC, IBMR.io is in the process of acquiring all related fund and asset management licenses and structures in Singapore for the currency reserve, investment management and Software IP. IBMR.io is registered in Singapore as a technology provider.
The Monetary Policy Council will run independently from the ARCC executive and be used in a check and balance relationship whereby the ARCC MPC voting will be binding on the company for matters of the ARCC token economy.
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Bitcointalk username : yehestielsiburian
Bitcointalk url : https://bitcointalk.org/index.php?action=profile;u=2112339
ERC20 Wallet : 0x7c66F494cD26b7bc6878137c7e0F896907B3acD4
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