Hi skeptICOI,
Sorry for the short delay in responding to your questions. Firstly, thank you for reading our whitepaper and for the time you are taking to engage with some quite detailed thinking about our project.
To a certain degree you have a point about the nature of trust in trade relations. There is always trust involved, including trust in the blockchain. Essentially, we propose to use ERC-20 Smart Contracts to replace the existing international letter of credit system.
There will not be a 'time lag'. The exchange rate will be locked at the time of the contract. We don't regard variations in value of BBCoin as a significant impediment to it's use as a utility coin in our system/ Businesses will not need to buy in advance and hold coin. Many will choose to buy at the time of the transaction. Naturally, any business might buy BBCoin in advance (as they might choose to store cash reserves in any fiat or cryptocurrency of their choosing, consistent with any fiduciary or regulatory obligations). In that case, they like any other holder of any currency take the good with the bad as any currency they hold fluctuates in the market. There is in principle no significant difference between storing assets in fiat currencies or a crypto. But I repeat, no user of our B2B blockchain solution will be required to hold significant reserves of BBCoin in advance.
Finally, and given our published roadmap, we will not be releasing detailed technical specifications at this early stage. Partly because we still have some choices about exactly how we configure our solution but mostly because all the options under consideration are commercial-in-confidence.
I think the crucial thing you have grasped is that we intend BBCoin to become a genuine utility coin with progressively greater utilization for Tradove services and then direct B2B transactions over time. It's an exciting project.
Good Fortune to you and to all,
-Kent J Yan
CEO, Tradove Inc.
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