If you wish to get to the technology model of our token, scroll down to White Paper #3.

White Paper #1

A Decentralized Business Networking Organization


Lean startup practices do not consider scale at the launch of a new technology and so they tend to disregard value added potential. User traction and revenue without scale or without value added potential can be stuck in a single and narrow vertical, often consumer driven and unable to support a genuine B2B model, and this is risky. 98% of all new ICO's are stuck in this limited approach, which explains their failure.

We chose to lower risk by creating a technology that can, down the road, move into many verticals in both B2B and B2C, and for our initial launch we have chosen a simple and yet proven vertical (referral tracking), to be used as a supporting technology in community service organizations, specifically business networking for starters.

We are a Business-to-Business model first. If you cannot get small businesses to adopt a new technology, it is harder to get users to adopt. The vast majority of new ICO’s do not get this. They focus on the consumer first and they neglect to service real business needs. A Business-to-Business model has a far greater value potential. Meaning, it is easier to charge a business for a viable service than a consumer.

Therefore, in order to attract businesses as users, we need to sacrifice speculative volatility and replace it with value-added benefits that convert to positive financial outcomes. This is the best way to appeal to businesses, less volatility and more return on value. For details on how we create a more stable token with genuine value and service, please see White Paper #2. For details on our blockchain and future algorithm, see White Paper #3.

What you are about to read is the first of three white papers that offers a strategic approach to attracting a larger user adoption by attracting businesses first. In this paper the business networking space and why it is a great strategy to enter local markets.

History of Business Networking

Doug Casey, renowned investor, recently stated that “business networking” is his secret to success. It is no surprise that business networking is on the rise. But with no leader to take charge of the trend, the market is now ripe for a powerful vision supported by an even more disruptive technology. This paper will explain that vision. A little history on business networking is needed.

The best achievements in humanity stem from business owners organizing to build something together. From the Charter of Liberties to the Magna Carta and from the Iroquois Confederacy to the Declaration of Independence, all resulted when professional leaders organized to decentralize power. This is how influential business networking has played a roll in human history.

The first business networking organization in the United States was the Junto group. Founded by Benjamin Franklin. The Junto group met every Friday night to discuss morals, politics, and natural philosophy (science). They also created the first public library in the United States. Business networking organizations have never matched this first original model. Like the Great Pyramid, the blueprints of its original design were lost to the rise of service organizations, chambers of commerce and for-profit networking models.

For instance, in 1905 business owners in Chicago rotated from office to office to conduct networking meetings. This formed into Rotary. Within 20 years Rotary changed to a service organization and adopted the motto “service above self.” Rotary now has 1.2 million members in over 200 countries. In 1915 Kiwanis formed in Detroit as a business networking organization and many years later changed to a service organization with a motto, “serving children of the world.” It now has over 702,000 members. In 1917 Lions formed first as a business networking organization called The Business Circle and then latter changed into a pure service organization with a motto “we serve.” They now have 1.4 million members.

These organizations once attracted many but they are now struggling to retain their numbers. Why? They no longer network to build wealth. They once focused on building wealth in their businesses, which naturally converted into wealth in the community. Now they give service to others outside the community, often to those in foreign countries. When it comes to real impact for the most good, we have lost site of the conservation of value in our local markets. Let’s explain.

The Coming Trend

The widespread shift to more local solutions is not just a trend but a huge global movement. Just look at Brexit in the UK, the rising of nationalism in the United States, the growth of alternative health, and even Russia is choosing to remain independent globalist intrusion. The rise of decentralized technologies on a blockchain is just part of this movement. People want to retain consensus within their own countries and inside their own cultures. We can call this cultural libertarianism, people organizing under their united consent in headless and decentralized ways. The service organizations above have become top-heavy administrative bodies and they suffer from a lack of vocal consent and wealth kept locally to grow into more wealth.

Consider chambers of commerce. Just about every city or county has a chamber of commerce, and yet chambers are dying, all because they put real business networking aside in favor of luncheons, lectures and costly administrative overhead. The chamber model is a hierarchy of political power that has forgotten the conservation of wealth in individual businesses and in communities. Today we still organize into political bodies of central power without concern for including a wider involved consent.

It is getting worse. We now have BNI, which is a franchise business networking organization with over 200,000 members. In one town, there are seven BNI chapters sending over $145,000 to a franchisee who lives outside the state. This organization relies on the fear of scarcity and they pull vital wealth and autonomy from the community. They are a little better than chambers and service organizations, but they are not building anything together as in the first Junto group founded by Benjamin Franklin. They thrive on manufactured scarcity and disregard the conservation of value in their local markets, which is true abundance. In other words, they are not building wealth in common. The true potential of a business network as a rising tide that lifts all ships has been lost.

Let’s Decentralize Locally

Every time we organize into scarcity organizations fueled by political insecurity, we lose site of the real community potential. For example, the purpose of business networking is to build wealth first in individual member businesses, and second to build wealth in the organization itself. Wealth allows us to accomplish greater things. The problem is we never conserve that wealth in a closed system. Instead, it is syphoned off to outside entities. The long forgotten idea of a common wealth has been lost, a kind of wealth managed by the consent of all involved. Let us ask, “What is a closed system?”

Imagine a balloon within a balloon. This is an example of a closed system. A larger balloon protects the helium within the smaller balloon. A community that protects value within its own system is a vibrant culture, like a mother protecting the unborn child. It is the most powerful form of decentralization there is, autonomous unity protect by an outer wall of independence. The effect is more abundance and less scarcity. If a community is not abundant, businesses suffer and devolve into a survival of the fittest attitude. Culture then suffers.

However, when small businesses begin to see how abundant their local wealth is, they will organize to stop the leaks from happening. In Frank Capra’s It’s a Wonderful Life, George Bailey (James Stewart) saves a town from collapse by making a huge sacrifice to keep the Bailey Savings and Loan open. He essentially stops a leak from happening, a leak that would have syphoned off all the wealth in the community to Mr. Potter, the local banker and slumlord.

The above example is not sentimentalism; it is real principle that Local Common Wealth chapters create. Managed entirely on a blockchain, we propose a decentralized organization of local networking chapters. A chapter will be able to organize immediately with no technological barrier and the decentralized blockchain can manage all the facets of running a headless body privately and with full transparency while doing everything possible to help that body grow in wealth. So why a blockchain?

The use of a blockchain allows for greater transparency and trust in the management of Local Common Wealth chapters. Local Common Wealth is not an international organization with a new administrative hierarchy demanding fees. Organizing on the blockchain removes that typical model. Most important, member fees can stay local. After 100 years, the organizations above have no wealth to show for all their effort because they have forgotten the higher principle, which is to conserve wealth for the benefit of all those in their community. This is why Rotary, Kiwanis, and chambers are losing members. They are building the wrong culture at a time when decentralization is the trend. They also have a failing view of wealth. For instance, compare how the three groups perceive wealth.

The poor see wealth as something to be used or to be spent.
The Middle Class see wealth as something to be managed.
The Wealthy see wealth as something to be conserved or invested.

We are the first networking model that sees wealth as something to be conserved and invested, both as businesses and as a common wealth community. It is the only way to grow more wealth, and is the neglected practice across the board.

Now, imagine having a successful Local Common Wealth chapter growing in your community? No administrative fees, no costs, but instead a body growing in wealth. Now imagine adding a very disruptive technology that can penetrate the entire community and turn local economies sideways. See White Paper #2 and #3 for more.

Updated Oct 15, 2017

White Paper #2


Regenerating Local Wealth with the Blockchain

At the heart of the blockchain revolution is the decentralization movement. From currencies to corporate structures, decentralized models are on the rise. This means more voice and more wealth locally, and this naturally means a renaissance is coming.

But how will this renaissance affect community organizations and local commerce? In other words, how can decentralization inspire local commerce to retain more of its own voice and more of its own wealth?

First, we must understand the problem locally before a solution can be realized. And the problem is the same as what we see on the global scale—too much centralized economic control over wealth and too much centralized political control over voice. Let’s look at the problem of too much centralized economic control first.

It is easy to point the finger at big banks for controlling the mortgages on communities, but what about interlocking corporations that own vast amounts of wealth in communities? For instance, just about every large town has a mall that is owned by a big conglomerate corporation outside the community. This means hundreds of thousands of dollars leave the community in monthly lease payments. And that’s not all. Just think of the billions in advertising dollars sent to Google and Facebook from all over the world. Communities are now pawns in a global siphoning of wealth that is centralized to one location?

What we see at the macro level, the same follows at the local level. At the macro level we see international banks controlling nation states. From debt that gives veto power that imposes harsh austerity measures, nations no longer have any voice over the destiny of their country, mainly because they have lost their wealth to debt owed to foreign interests. This means less voice and less wealth of their own. It is evident that the banks have gotten control of the two central foundations of a free society, wealth and free will. The same thing happens at the local level. Crony capitalism too often controls the free market by using the muscle that forces more regulations that favor bigger corporations. And what is crony capitalism? It is the centralization of wealth and political power. This is opposite of free enterprise, which is the creation of wealth and the decentralization of power.

Currently there is no model that protects wealth in the hands that create it, until now. For instance, conservation is the essence of protection. It is superior to centralization because conservation preserves both vote and voice within the people locally. This is how you protect wealth locally. Let us explain.

At Local Common Wealth, we advocate for a new paradigm that conserves wealth in the community that creates wealth. This is why a major part of who we are is a business networking organization with advanced technologies for the entire community. The only way this can be done is to not fight the established political system that favors cronyism, but to create a new model using the free market. In other words, people are free to organize. And Local Common Wealth offers a better way to organize as a business networking organization without any form of central control that usurps voice and wealth from the people. It is the beginning of what will spread in many nations.

We believe in the decentralization movement, which is the idea of consensus. If blockchains operate by consensus through mathematical design, then we are using consensus in order to bring more voice and wealth back to the community. In order to solve for too much centralized economic control over wealth as well as too much centralized control over voice, a proper understanding of consensus is the key.

First, consensus protects two vital concepts closely tied to each other. Those two concepts are Voice and Vote, very much the same as a double-entry accounting that maintains the ledger of two sides in perfect balance. The decentralization movement cannot launch a renaissance without incorporating these two concepts. To help see the integral relationship of voice and vote, notice the difference between a Decentralized Consensus and a Centralized Control.

Only in a Decentralized Consensus do we see both voice and vote kept together and in close proximity, meaning we do not vote without dialogue and we do not vote without discussion.

Imagine being given only a vote and yet you are never given a chance to ask questions, debate, or discuss. A vote only gives power to propagandists who work behind the scenes to manipulate the voice in order to control the vote. It is odd that when you study politics, most everyone is focused on making sure everyone has a vote and yet nobody ever talks about the voice. Including voice is the key difference that sets the decentralization movement apart from the controlled opposition of centralized control.

In its pure form, democracy is discussion; it is voice. In its polluted form it is mob rule fueled by power centers working behind the scenes to sow discord and division in order to control the vote. When democracy becomes only a vote void of any discussion in modular form, the vision of consensus is lost.

Down the line we can apply this technology to city planning commissions, alumni associations, clubs, groups, chambers and charity organizations, homeowner associations, and even more. At local common wealth we solve for consensus within whole groups and we will be the first technology to offer a viable and power solution in social consensus.

How do we know that decentralized consensus works? Consider the following major accomplishments in world history. Every single one of them happened because decentralized consensus and not centralized control was used to bring people together in a better way.

  • The Charter of Liberties 1100 AD (1st concession for greater consent)
  • The Magna Carta 1215 AD (precursor to the Declaration)
  • The Declaration of Independence 1776 (55 delegates and all states consent)
  • The United States Constitution 1788 (39 of 55 delegates and 3 states with unanimous consent. If we included the Bill of Rights at the start, it would have eclipsed the Declaration in becoming the one document with the greatest degree of consent)
  • The Tennis Court Oath (Signed by 576 of 577 members in the 3rd estate in France)
  • Iroquois Six Nation Confederacy (100% consent all from all tribes).
  • Learning and Tongue of the Chaldeans (100% consensus through discussion)
  • Washington’s City on a Hill (total unity, same as 100% consent)

When a common pool of wealth is put into this kind of structure, and when there are no administrative costs apart from simple bookkeeping, accounting, and legal needs, something unique happens. We find more discussion and a lot less political scheming for power and position. With the help of a blockchain and a digital token, we are freer. Leadership is natural and not politicized. Wealth is conserved and not stolen. Voice is widespread and not censored.

Thus far we have talked about using Business Networking as a way to open local markets to a decentralized blockchain technology. Here we talked about an actual social model in the decentralization movement.

Now comes an expansive technology that helps generate more local wealth by stopping the leaks exiting the community. In White Paper #3, we explain how we generate wealth for those networks through the use of the Common Wealth coin and how we back that coin with the right value while at the same time we secure member privacy. There has never been a model like this in world history. A renaissance is coming and we are the rising tide. The final White Paper #3 is the meet you are looking for.

Updated October 15, 2017



White Paper #3

Specific Applications Using a Blockchain

The widespread use of the blockchain is more disruptive as a new technology than a currency. How we plan to use a blockchain with associated crypto tokens is remarkable and very disruptive. Before we get to that, consider the disruptive potential of blockchain technology. Many relate the blockchain to digital currency speculation and they fail to see the breakthrough opportunities with the technology. Here are some of the industries that will be disrupted by blockchain technology in the coming years:

  • Banking and payments. Block chains will do to banking what the Internet did to media. The block chain banks the unbanked for very small fees, and they are faster and more efficient. According to IBM, 15% of banks will be using the blockchain by the end of 2017.
  • Cyber security. Data is verified and secured using cryptography. Resistant to unauthorized changes and hacks, the block chain eliminates the need for a middleman.
  • Supply chain management. Transactions are documented in a permanent decentralized record, and monitored securely and transparently. This can greatly reduce time, costs, labor, and waste, and it can help understand environmental impact of products. The block chain can also verify authenticity or fair trade status of products by tracking them from their origin. Companies like Provenance, Fluent, Skuchain, and Blockverify are working to improve supply chains.
  • Forecasting. Block chains will change how we do research, consulting, analysis and forecasting. Companies like Augur are working to produce globally decentralized prediction technologies with block chains.
  • Networking and the Internet of things. Samsung and IBM want to create a decentralized network of IOT devices using the blockchain. This eliminates the need for central locations to handle communications for IOT devices. Devices could communicate directly, update software, manage bugs, and monitor energy usage.
  • Insurance. Blockchains are a new way to mange trust. They integrate real-world data with smart contracts. This technology is useful for any type of insurance that relies on real-world data. Aeternity is a company building blockchains useful in the insurance industry.
  • Private transport and ridesharing. Blockchains can be used to create decentralized peer-to-peer ride-sharing apps without third party providers. Arcade City and La’Zooz are companies venturing in this space. This same use of blockchains can be used to automatically pay for parking, tolls, fuel and more. UBS, ZF and Innogy are new start up companies in this space.
  • Cloud storage. Centralized servers are vulnerable to hacking, data loss, and human error. Blockchain technology allows cloud storage to be more secure and robust against attacks. Storj.io is a decentralized cloud storage company, and there are many more to come.
  • Charity. Common complaints in the charity space include inefficiency and corruption. Blockchains can help donations to get where they’re going. Bitgive is an organization that lets donors see where their donations go.
  • Voting. The blockchain will disrupt voting. The 2016 election is not the first time certain parties were accused of rigging election results. Blockchain technology can be used for voter registration, verification, and vote counting. This creates an immutable, publicly-viewable ledger of recorded votes that make elections more fair and democratic. Democracy.earth and Follow My Vote are companies entering this space.
  • Government. Government systems are often slow, opaque, and prone to corruption. Implementing blockchain technology can reduce bureaucracy and increase security, efficiency, and transparency of governmental operations. Dubai is aiming to put all its government documents on a blockchain by 2020. Consensys is a company working on this.
  • Public benefits. The public benefits system suffers from slowness and bureaucracy. Blockchain technology can help assess, verify, and distribute benefits securely. Govcoin is a UK based company helping the government to distribute public benefits using the blockchain.
  • Healthcare. Another industry that relies on legacy systems is healthcare. Hospitals need a secure platform to store and share sensitive data. Blockchain technology can help hospitals safely store medical records and share them with the authorized doctors or patients. Gem and Tierion are two start ups working on disrupting the current healthcare data space.
  • Energy management. Energy management has been a highly centralized industry for a long time. Energy producers and users cannot buy directly from each other and must go through the public grids. Transactivegrid is a company that uses the Ethereum blockchain and allows customers to buy and sell energy from each other in a decentralized way.
  • Online music. Blockchain startups are coming up with ways for musicians and authors to get paid directly from their fans without paying huge fees to record companies and production studios. Smart contracts in blockchains solve licensing issues and catalog authors with their respective creations. Mycelia and Ujo Music are creating blockchain-based solutions in the music industry.
  • Retail. When you shop you trust the retail system of the store or marketplace. Blockchain retail services will connect buyers and sellers without a middleman and associated fees. Companies like Amazon will be severely disrupted with blockchain technology. OpenBazaar and Obi are two companies disrupting the retail space.
  • Real Estate. Issues in buying and selling real estate include bureaucracy, lack of transparency, fraud, and mistakes in public records. Blockchain technology can speed up transactions by reducing the need for paper-based record keeping. It can also help with tracking, verifying ownership, ensuring accuracy of documents, and transferring property deeds. Ubitquity is a blockchain-secured platform for real estate record-keeping.
  • Crowdfunding has become a popular method of fundraising for new startups and projects, but the fees are high. In blockchain-based crowdfunding, trust is created through smart contracts and online reputation systems. New projects can release their own tokens that can later be exchanged for products, services, or cash.

The above is given to help understand the potential that blockchain technology has to offer. With the use of Common Wealth tokens, our goal is to help support the first fifty chapters. We will use the services of kapazz.com to assist with SEO management. Essentially, we will compete worldwide with the key phrase “business networking.” There is only one competitor at this level, BNI (Business Networking International). It is a franchise model running a top down centralized structure suffering from a legacy technology. It requires too much leadership training to maintain the hierarchy and with no return of value to the community. It is strictly scarcity driven and not built on true abundance.

Even though we have a proof of concept for the business networking side, upon completion of our ICO, we start our technology development and proof of stake, which is a simple business contact management system and a referral tracker with Common Wealth tokens as reward for passing referrals to other members.

We are looking at four existing blockchain technologies to build this application on to their platform, namely IOTA, EOS, and possibly Lisk. There is a fourth called QTUM that is also a potential partner. We will determine this later. As these platforms have just launched, we anticipate a six month window to choose the best horse in the race.

After the ICO crowd sale, and some time after, we will make our decision. We are more likely to choose the one best suited to our technology strengths, such as Python, Java, and Docker.

It is important to note that Local Common Wealth is fundamentally a community service media on a blockchain, a bold approach required to solve the challenges of organizing in a headless and transparent way. Our purpose is to conserve business-to-business value in the community.

Here is our approach. Social networking technology is not a B2B service. Social networks like Facebook, Twitter, Instagram, and even Google, Yahoo, and Bing etc. do not serve the way businesses in local markets function. Communities are run by business connections tide to whole group connections, and then finally to individuals through those larger groups. We seek to connect businesses to business groups first and then build a strong intranet for the entire community. This is why we follow the money, meaning where business starts, at the point of referral, and we start there. By serving small businesses and networks of businesses, we can enter the larger consumer community as a business value and not as another marketing scheme.

Next comes the regular consumer. In Local Common Wealth communities we allow local users to manage their personal profile like they manage a professional profile in Linkedin, however this profile is connected to a local network of businesses. Essentially, businesses and local organizations will have the ability to communicate to specific profile data within targeted market areas, and the contact information of the user remains anonymous unless authorized for release by the user.

Most importantly, local businesses and local organizations are able to market to targeted profiles and thus the marketing costs needed to reach those markets stay locally.

Here is how it works. We allow local users and whole groups in communities to reward their profile data in exchange for Common Wealth tokens. Now keep in mind, these tokens are backed by consumer data and supported by small businesses. Most importantly, this has the potential to create a reverse search for businesses while regenerating wealth back into the community. We call it consumer profile banking, empowering users and members to monetize their own consumer profile, and it begins within a visionary business networking organization.

Again, our competitive space demanded that we approach the market with a platform technology that is not just another private member access point but can rise as a full community service media. This means first a user contact management, then business contacts, and then referral tracking. This three-legged initial minimal viable product gives us a far more powerful support for growth and scalable potential.

Local common wealth is a Community Service Media, a combined local search and service intranet capable of multiple civic and business verticals and with a central focus passing referrals to members in a powerful networking model (better than BNI and so many organizations), and by conserving wealth inside networks and their respective communities, we advance blockchain technology and the decentralization movement at the same time.

Local common wealth disrupts advertising by empowering users to manage and monetize their own profile information bank. We then become a decentralized hyper local analytics technology. Business members are issued tokens when they pass referrals. Consumers are issued tokens when they bank their consumer profile. Anyone can then gift tokens to local clubs, groups, and non profits, or they can trade them. All tokens must have a life cycle of three exchanges in the platform before they can exit the system. In some situations, tokens may never exit the community for fiat conversion.

Our consumer data bank will eventually disrupt search by letting businesses and local organizations search 24/7 for matching user profile data while maintaining user anonymity, a kind of reverse search from consumer-to-business to business-to-consumer. Consumers will finally be paid in Common Wealth tokens for granting access to their consumer profile, but not their personal contact info.

Local common wealth continues perfecting hyper local analytics by serving whole group organizations with Local Common Wealth chapters, chambers, alumni associations, clubs, groups, HOA organizations and more. We go after users by going after whole groups. Eventual we can service planning commissions, city council participation, and then we continually grow to incorporate a powerful local intranet that conserves and regenerates commerce back into the community while giving constant overlap to create more and more connective power and more connective voice, for both businesses and the community inside.

Eventually our own token is backed by consumer information banking as well as business data banking. Essentially, consumers and businesses get paid for entering their data both manually and automatically. This data then becomes essential to the success of businesses in the community while at the same time it increases the value of the token at the same time. And here is the incentive for growth.

First, Common Wealth chapters earn Common Wealth tokens when more members use the platform to pass referrals and bank their own consumer data. While we encrypt their personal info (name, phone, email etc), all their consumer data is accessible to businesses to market to. When an advertisement comes, the consumer gets 50% of the ad, which comes in the form of Common Wealth tokens. The other 40% goes to Local Common Wealth chapters. 10% or less stays with LCW.

For members in Local Common Wealth chapters, they get to send marketing promotions at a discount. For other businesses or non members, they can purchase ads delivered to the most accurate and the most timely hyper local analytics database ever created.

Users can then apply the Common Wealth token to local charities, clubs, groups, organizations, or they can exit on any of the exchanges once a token as been transacted at least three times in the network. Every time a new token is traded, it doubles. This doubling stops after the third transaction. The tokens at this point are then viable for exiting if selected. We anticipate that most tokens in the system will circulate back into the community over and over, thus being the first model with greater widespread local adoption of blockchain technology with increasing exchange of a token and not just for it fiat currency conversion potential. If there is any exchange from token back to fiat, it must be made on one of the exchanges outside the Common Wealth.

We believe in more widespread social mining, more widespread use, and potentially fewer tokens exiting the system. That's the real power of local commerce while at the same time allowing for outside buyers of the tokens to save for an exit on the exchanges that can become very positive.

The goal with our token is to not to create a store of value, which is what you see with Bitcoin. Instead, the goal of our token is to recirculate it back into the community and to decentralize the theft of value currently being taken by private corporations outside the community.

For all practical purposes, the dollar is considered stable by most, but pegging to the dollar doesn’t help give us the freedom needed to accomplish the above. According to Daniel Larimer, the lead technologist of Steemit, and now a lead technologist for EOS, "a stable currency (defined as a constant standard of living) is undesirable. It is undesirable because we want the average individual to be able to “invest in the economy” simply by saving the money of the economy without having to take any risks.

If you make the currency a “constant purchasing power” then the average man ends up having to make investment decisions he is not qualified to make. This ultimately leads to the centralization of money management in brokers and other middle men. Centralization of money management has inefficiencies and moral hazards in abundance."

The only reliable approach is to have a system where there are many pegged assets to support the value of a crypto token. A basket of pegged assets is the key to a stable solution. For us this means consumer data, whole group data, B2B support, the passing of referrals in local connections, and so much more. Essentially, the closer we tie a blockchain to real commerce in a local market, the more value it becomes for all. The effect is a more valuable token. Welcome to the rising tide of the Common Wealth token

First Draft Version

Updated September 24, 2017