To put that into perspective:
If Bitland secures a 20 Million dollar government contract, 4 million of that will go towards reserve/token support.
That reserve will be subject to the vote of community decision on what to do with it in the future, as Openledger is building in a voting system that will allow DAO operations based on whatever the community decides. The future voting system is part of why we decided to team with Openledger/Bitshares/CCEDK.
To be quite honest, based on the potential associated with unlocking land capital, we could easily raise 40,000 bitcoin, but we want the pilot to be done as lean as possible to show that we can do it lean. In that regard, once we can show the government and the locals that a solar-powered wi-fi network can be implemented, and the resulting capacity to monitor land transactions, it will be a matter of the packaged solution being sold to governments with developing areas. 90% of Africa is undocumented. Half of the world's arable land is within that 90% of undocumented land. One company won't be able to do it all, so realistically the room for growth is just too dramatic to really understand without watching something like the 15 minute presentation that Joeri posted earlier.
When you see the grand scale, it's pretty phenomenal.
Cheers!
Chris
I feel it's appropriate to repost this from April. As we are about to open our first facility, and are working on the Alpha, I believe the people who have been here from day one will support that we have been talking about "running lean" from the beginning as the best strategy for testing software/infrastructure.
Sometimes it's best to see what you can do with the least before you get access to a lot of capital. It actually breeds creative solutions where others can just throw money at things. Throwing money at problems becomes a bad habit that eventually results in a cataclysmic event that needs real incident response team and not just "money".
This is what we have been trying to assert all along, and NOW I believe that message will resonate more with crypto community.
Cheers!
Chris
