GIC - Singularity

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Information about GIC - Singularity

Published on February 28, 2014

Author: alexandermatheso


About me: About me Canadian – Born and raised Attended UBC Engineering Currently Attending HEC Paris school of management Entrepreneurial minded Want to change the world PowerPoint Presentation: ? So What The New Small Business Ecosystem: The New Small Business Ecosystem A community and financial institution that will change the lives of millions of Canadians PowerPoint Presentation: Make a community To foster synergies To increase innovation To strengthen the economy To create a network PowerPoint Presentation: Our Current Network Example PowerPoint Presentation: Our Established Network Example PowerPoint Presentation: A Financial Institution And Trustworthy That’s transparent And distributed For consumers and businesses PowerPoint Presentation: Each Member of the community has a book where transactions and decisions are kept Every transaction and decision is checked by every member Open Transactions – Similar to the ripple protocol or Bitcoin PowerPoint Presentation: A Payment Platform at lower costs With simple interfaces and faster transactions That’s easier to use PowerPoint Presentation: Request money to wallet (verify IOU) Amount (IOU) verified by community Purchase item and pay merchant (send IOU) Pre-verified Transaction completion request (send IOU) Transaction completed (ledger completed and verified, IOU excepted) Community S erver Network User Merchant The Payment System PowerPoint Presentation: A Debt Issuance/Investment Platform And is trustworthy With simple interfaces Open information That’s easier to use PowerPoint Presentation: User Merchant States lending preference: duration, quantity, Submits financial need, accounting reports etc. Community S erver Network Each member records the preferences and the information The Investment Platform – Open Information PowerPoint Presentation: User Debt Contracts: Created with experts Algorithm Algorithm takes User preferences as inputs Algorithm searches Debt Contracts Returns Matching Contracts The Investment Platform

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