The Blockchain technology allows us to send assets in a Peer-to-Peer trustless way.
So why not develop an Internet of Things the same way we developed an Internet of Information, an Internet of Communication and an Internet of Values?
Furthermore, creating a Peer-to-peer C2C transportation system of objects is a way to share work and economic value inside a growing Community.
Main features:- Self-executing contractual states (smart contracts)
- Localization and events tracking of luggage or postboxes
- Deposit insurance
- A global Democratic Organization to serve a global and distributed Community[/size]
The Whitepaper:Whitepaper Rev1.1.pdfPass DAO: Pass DAO is a transparent distributed organization where governance and decision making system are immutably programmed in the Blockchain. All the decisions regarding the organization are taken by the shareholders of the organization with voting procedures called board meetings. The idea is to serve a Community of couriers, or central postbox services, using a global distributed and democratic organization. In this way, we can serve a global Community without creating a new centralized courier service like FedEx or DHL. The PassLfix team will serve only as the project managers of the PASS Dao. Marketing, communication, electronic supply and/or other services will be realized by others companies. The PASS Dao shareholders will make those decisions, and the project will belong to them, and not us.
Technically, the Dao is a smart contract runing on the Ethereum blockchain. The Dao smart contract is set with a primary funding linked to a first Project Manager proposal. If the funding is fueled, the proposal can be completed, otherwise the sent amount can be refunded. The Dao rules are set to allow voting on new proposals after the primary funding. After this first funding, the Dao smart contract will live according to the democracy law.
Read the Smart Contract DescriptionDuring the exploitation phase, the central postboxes (logically located at railway stations or airports) and couriers (autonomous travelers or organizations) will buy from shareholders reputation tokens that are used to pay deposit by the application. And they will pay fees to the organization for technical assistance, mediation service with users and electronic devices if provided by the organization.
Read the Project Manager ProposalOnly registered normal Eth accounts (and not smart contracts) will be valid addresses for the funding. Each Eth account can send between 1 Eth and 100 Eth. Before the end date of the presale, the Project Manager can close the presale setting the limitations rules (amount and percentage of ether balance share for all partners) for the funding. The amount sent during the presale below the set limits funds the Dao and the amount sent during the presale above the set limits is refunded.
Partners become shareholders and get Dao shares according to the sent amount, the set limits and the share price* set in the Funding rules. The Dao pays the Project Manager the amount of the Project Manager proposal and the Dao shareholders receive Pass Reputation tokens according to the amount funded and presale date, the initial token price and the inflation rate** set in the contractor proposal. An initial supply of 2 millions Pass Reputation tokens will be rewarded to the Project Manager. This step will last a couple of days. After the presale deadline, all the sent ethers that didn't fund the Dao can be refunded.
* 1000 Pass Dao shares = 1 Eth. The price is constant during the funding.
** 1000 Pass Reputation tokens= (1 + 365*(presaleDate - presaleStartTime)/(100*365 days)) Eth. Inflation of 1% per day during the presale.
