Tokenizing AI, Smart Energy, and Ownership
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MyBit uses Blockchain tokenization to create a new asset class for investing in Decentralized Energy and AI infrastructure. This is made possible through Ethereum and governed by smart contract logic.
Sustainability (Clean energy)
Accessibility (vastly reducing financial barriers to entry)
Scalability (to meet rising power demands globally)
What issues are we addressing?
Since the current energy structure is not sustainable (scalable at speed), it will require decentralized energy solutions. Traditional financing models would only enable a small fraction of the population to own / participate in the decentralized solutions.
a) With the rise of AI, traditional workers will be displaced exacerbating unemployment and income disparity.
b) Many workers will be unable to be retrained for an AI-oriented workforce and this will produce societal backlash which will outweigh efficiency benefits of AI.
Step 1: Tokenize Decentralized Energy Infrastructure
a)Removes financial barrier to entry by crowdsourcing the purchase of decentralized grids in exchange for per-usage revenue sharing.
b)Enables faster access to capital (than traditional financing mechanisms such as bank loans and other debt instruments).
c)This creates a highly scalable (at speed) & sustainable energy model.
Step 2: Enable new revenue streams by Tokenizing AI
a)This enables faster access to capital so companies can enter the AI space more effectively.
b)By opening the ability to have ownership with revenue-sharing to a broader audience, it allows anyone the chance to receive residual revenue distributions.
Step 1: Creation of a Global Registry (with built in management tools)
Enable the registration and secure storage of ownership data of physical assets onto the Blockchain and the ability to govern those assets with smart contract logic.
Why? This step is needed to be able to:
a) Adequately secure – remove single point of failure risk present in current systems by implementing a decentralized architecture
b) Manage ownership – implement smart contract logic to govern assets, including the automated distribution of ownership in Trusts and Wills.
c) Tokenize physical assets in the most efficient manner – Blockchain offers a democratic and transparent system for auditing transactions and making highly secure payments with minimal fees.
Step 2: Tokenize Decentralized Energy and AI
a) Ability for companies and individuals to issue shares for an asset they wish to acquire.
b) Revenue distributions managed by smart contract (fully transparent and real-time.
c) Smart contract governance to ensure funds are used for purchasing the indicated item and not fraudulently taken (removing need for escrow).
d) Liquidity to trade ownership stake or hold to receive revenue distributions (achievable through partnerships with exchange/trading platforms).
Go to Market Strategy
Our goal is to target assets that already have revenue streams that can be tapped into so tokenholders will be able to realize profits from their investments rapidly while also benefiting from substantial liquidity. This will involve partnerships with clean energy providers, exchanges for both buy/sell side strategy, and followed by AI hardware manufacturers.
Target Markets Include:
a)Decentralized Energy Grids (Europe followed by emerging economies)
b)Autonomous Mobiles (Commercial, building, cleaning, etc.)
c)Autonomous Mobiles (Residential, driving, flying, etc.)
a)Tokens issued to raise funds for development
b)Once deployed, tokenholders receive real-time revenue distributions and have the option to sell their holdings on an open exchange.
Monetization occurs in the form of micro-fees for every action taken on the MyBit network including: registration of an asset, transfer of ownership of an asset, tokenization of an asset, funding of an asset, and all revenue distributions processed by the MyBit platform.
Roadmap / Product Releases
Anyone can participate during the crowdsale which will be announced in the upcoming weeks. Registration will soon re-open on http://mybit.io. Currencies that will be accepted include BTC, ETH, ETC, Monero, Dash, and Augur.
Escrow will be managed by Brave New Coin and Collin Lahay (@collincrypto - #2 most trusted on bitrated)
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