OPENING STATEMENT OF SIMCORD CEO
Simcord Company has a special mission! I would even say that it is unique due to its nature and social and economic globalization. It has been almost two decades since our team of like-minded people who were at the Company’s origins realized that our goals should be aimed at implementation of this mission, and the tasks performed by the Company’s specialists should facilitate prompt achievement of our goals.
All this time, we were contemplating the necessity of creating a more perfect human society, which would be based on automated systems of financial asset management and mechanisms to ensure transparency in public administration. In our pursuit, we tried to create a valuable financial product that would become the key to solving the problems existing in many areas and in society as a whole. This product should ensure the optimal use of resources available to society and guarantee a new level of public security. In other words, we would receive an opportunity to create a completely new technology and pave the way for a qualitatively new human society.
I am proud of Simcord team because their efforts led to creation of Bitbon and a blockchain-based digital environment for its functioning — the Bitbon System, which provides numerous opportunities for its Participants and allows solving a number of problems and contradictions existing in modern economic relations. Today, we see that the world is rapidly developing, generational change of technologies has become a permanent process, and information space is expanding at the rate that exceeds the capabilities of analytical tools. These trends lead to decreased stability of financial systems and, as a result, to decreased reliability of usual financial instruments, which were used to preserve savings and long-term investments. They also result in increased complexity and cost of attracting investments to business, since traditional financing methods require long (in order to reduce risks) and complicated procedures aimed at proving the validity of business and related projects.
In response to these challenges, the society and the market created various crowdfunding platforms, which quickly suffered the same fate as traditional investment institutions: they went bankrupt, turned into pyramid schemes or became so strictly regulated that lost their meaning. The reason for that were the same problems associated with proving the validity of business and related projects in modern informational conditions.
It is no coincidence that precisely the Bitbon System development is our primary goal as part of implementing the strategy of Simcord Company. The Bitbon System does not simply offer solutions to the above-mentioned problems. Its main difference from attempts to create a reliable crypto environment lies in absolute openness of interaction between all Bitbon System Participants and transparency of the processes that take place within it, from execution of transactions to the commercial launch of the business project whose implementation became possible due to effective mechanisms and components of the System.
I want to say that, in the past, we set the tasks mostly related to creation of unique products and services for the financial industry, which have facilitated successful transition to a more effective development — formation of the innovative concept of Bitbon and launch of the Bitbon System. We did it!
I would like to add that, at the current stage of development of Simcord Company, we have all the tools and possibilities for successful promotion of the Bitbon System at the international level. The Company staff constantly grows and includes new specialists ready to face any challenges and implement all planned projects and ideas set forth in the Bitbon System White Paper and the development strategy of Simcord Company in general. In order to gradually make our plans a reality, Simcord Company — a modern company with a highly qualified staff and established corporate culture — has switched to the matrix management structure to optimize business processes and speed up problem solving.
Simcord is a company certified according to the ISO 9001:2015 standard of the largest international organization in the field of standardization of business and technological processes — International Organization for Standardization — and this will certainly help us to achieve our goals. The Company has received this certificate based on the certification procedure conducted by Bureau Veritas Certification Holding SAS — UK Branch in research and development in the field of development and production of high-load blockchain-based software solutions.
I am convinced that, so far, we have created a strong and reliable foundation, which means that we are ready to set new goals and successfully achieve them. To that end, Simcord Company has adopted the development strategy for the period of 2018–2035 based on its main areas of activity. The implementation of this strategy will allow everyone to observe and evaluate all the advantages of digital systems, use the new opportunities to the full extent and, as a result, create a more perfect society due to the dawn of a new era — the era of digital technologies.
VISION OF THE FUTURE
According to the theory of historical materialism, the basis of society is economy, which is understood as the system of social and economic relations. There are several types of social and economic relations and, therefore, several qualitatively different economic systems. But despite all the differences between them, money is the fundamental common factor.
People who analyze the events happening in the world realize that soon the global economy will get rid of cash money. This is an evolutionary process, which means, it’s only a matter of time.
Simcord Company looks to the future and claims that there will be no money. Even more, there will be no such notion as “money”. It will be replaced by digital Assets of people and states. Accounting and monitoring of the Assets in circulation will occur automatically and without human interference. Such a system will certainly create an environment for reasonable exchange of Assets where there will be no place for intermediaries using money not for the good of society. The new economy built on the basis of this system will change people, society and, by extension, the whole world.
DEVELOPMENT STRATEGY 2018–2035
- Launch of the Bitbon System
- Bit Trade Exchange of Digital Assets
- Establishment of the network of Bitup-Agencies
- Connection of exchanges
In order to start implementing the development strategy for this period, it is necessary to launch basic components and mechanisms that will allow conducting processes in the Bitbon System based on the Bitbon System Public Contract. All this should facilitate creation of a transactional environment on the basis of such mechanisms in the shortest possible time.
When it comes to developments, one of the Company’s priorities is complex improvement of used software, which will allow expanding the System functionality in the future in accordance with the plans for the Bitbon System development.
Simcord Company plans to launch the entire range of components and services of the Bit Trade Exchange of Digital Assets as soon as possible; this way, the Bitbon System Users will receive an opportunity to actually manage their digital Assets designated in Bitbons.
Performance of works regarding the organization of interaction with large exchanges will be aimed at ensuring the functioning of venues with aggregated crypto currency liquidity.
Preparation for the beginning of interaction with the real sector of economy will be conducted according to the stages of the Bitbon System development in order to register first Projectbon Public Contracts of specific projects in the System.
Simcord Company will focus on creating an environment for successful formation of the Smart Community as well as establishing and expanding the network of Bitup-Agencies all over the world and providing them with methodological and technical support, training and certification.
Simcord Company will conduct domestic and international events aimed at promoting Contributing as an innovative type of activity, providing information on the capabilities of the Bitbon System and facilitating mass dissemination of Contributing as an investment practice.
The Company will organize and conduct topical seminars featuring leading experts in their fields, which will allow exchanging pertinent information, gained experience and practical developments.
Throughout the period of its activity, Simcord Company will focus primarily on creating optimal conditions for the development of high-tech business, which will serve as a prerequisite for improving the quality of social life.
The Company’s specialists will continue analyzing legislative initiatives in the field of economy from different countries and, therefore, will be able to act as experts and consultants for the lawmakers who see real prospects of developing the economy on the basis of open ledgers (Blockchain) and choose a progressive path for the development of their country.
We also have determined our agenda for this period with regard to working with representatives of various non-governmental and political organizations. Cooperation in this direction will take place with the use of the existing mechanism provided for by constitutions of different countries and will contribute to faster realization of the advantages offered by new trends for the preparation and adoption of relevant laws.
In general, Simcord Company plans to conduct large-scale public activity, actively participate in social life and lobby legislative changes aimed at improving the quality of human life and implementing transformations that increase the efficiency of economy and the investment attractiveness of regions.
- Simcord Blockchain
- Expanded possibilities of individual mining
- Failsafe distributed storage of private and public information
- Data storage in the Blockchain
- Automatic scaling and reallocation of Blockchain resources
- Implementation of smart contracts
- Voting system
- Global system for identity verification
- Continuously available server for identification and authorization
- System for identity profiling and scoring
According to the stages of the Bitbon System development, it is planned to expand the possibilities of individual mining by the Bitbon System Participants through their use of computing resources, Internet bandwidth and dedicated disk space for storing information of the Simcord Blockchain. The main goal of implementing these developments is achieving complete decentralization of the Bitbon System.
Software development during this period will also be aimed at solving the issues of scaling and reallocating the Blockchain resources, which must occur automatically based on current needs (fulfilled conditions). In particular, complex research will be conducted to analyze the use of sharding — a technique for scaling and working with data, which will allow dividing the database into separate parts and transferring each part to a separate server in the nearest future.
The Company’s specialists will also work on expanding the functionality of the Simcord Blockchain in order to transform it into a decentralized environment for smart contracts execution. Among other things, it is planned to implement the System components for storing ID documents, biometric data and other parameters for identity verification.
It is strategically important to achieve a highly efficient use of computing resources and high speed of the System functioning within the specified period. In this regard, it is planned to conduct research and development in the field of managing selection and dynamic reallocation of resources between the System components as well as in the field of ensuring reliable data storage and automatic optimization of the speed of transaction execution. There will also be separate research aimed at using intelligent scoring algorithms on the basis of transaction information stored in the System.
- Secure messenger (new standard)
- Content publication and delivery
- Internet in the Blockchain (websites)
- Video hosting in the Blockchain
- Information network (adjustable and moderated information pool)
- Smart search engine that can also analyze the contents of any multimedia files
Simcord specialists will work on improving the Blockchain functionality in several directions simultaneously, in particular, regarding the transmission of messages and video files between Users, which basically will become the defining feature of the blockchain-based digital messenger and will serve as a prerequisite for the emergence of a new email and messaging standard.
Innovative technologies used by the Company’s specialists for software optimization will be developed taking into consideration the possibility of guaranteed encryption and protection of data. It means that, during message transmission, execution of such operations will be recorded, and the messages themselves will be transmitted and stored in encrypted form.
The next development stage will be creation of a common base in the Simcord Blockchain whose data will allow performing indexing and smart search involving the analysis of the contents of multimedia files. In addition, it is planned to implement the functionality for dividing data into private and public.
- Platform for hosting commercial and free services by the Bitbon System Users
Plans of Simcord Company include implementing its ideas about expanding the capabilities of the smart contract system aimed at creating various services with minimum costs. At the same time, future implementation of the technological solution for integrating the billing system is meant to significantly simplify and accelerate both the creation and the use of commercial services.
Such smart contracts will be developed by the Company’s specialists for various purposes. For instance, it is planned to create services using which one can post in the Blockchain any information about the surrounding physical world (weather, energy consumption, road traffic, cargo delivery etc.) or information received from other sources (currency exchange rates, macroeconomic indices etc.). In the future, this will provide the basis for the emergence of a new mechanism, which will allow evaluating any events in real time with subsequent optimization of their use for governmental and commercial purposes.
- Decentralized exchange
- Integration of commercial networks
- Implementation of a system of subscriptions and regular payments
- Global system of discounts and bonuses
According to the adopted development strategy for the period of 2018–2035, creation of a decentralized exchange is very important for Simcord. Software solutions developed by the Company’s specialists during this period will be aimed at uniting a large number of different digital Assets and currencies into a single system. In the future, this decentralized exchange will allow trading and exchanging such Assets quickly and reliably.
It is planned to create innovative technologies and use them for the development of payment gateways in order to quickly integrate commercial networks into the System. As part of this process, commercial networks will receive profit from mutual settlements with suppliers and buyers within the System.
Programs for introducing subscriptions and registering regular payments will be developed, which should reduce the overall cost of products and services and provide the possibility of significant discounts for buyers. Creation of a global discount system by Simcord Company is intended to provide the buyer with a simple method of receiving discounts without special registration in different commercial networks. The Company’s technological solutions for creation of a rating system and application of scoring algorithms should enable the buyer to receive significant advantages already after first purchases.
- Financial and investment platform with a variety of different derivative financial instruments (bons, derivatives, indices) and trading venues (including decentralized ones)
- System of cumulative and insurance investments
- Evaluation, accounting and management of Assets
- Management of property rights
- Social savings programs
During this period, Simcord specialists plan to conduct developments aimed at increasing the number of available methods for working with digital Assets in the Bitbon System: combining them into indices, creating investment portfolios as well as issuing derivative financial instruments, which can be used in the System automatically by means of smart contracts.
Progressive development of Contributing will be integral to opening new possibilities for creating cumulative and insurance investment portfolios. Special algorithms are expected to be implemented in the System; they should minimize risks due to transparency and predictability of project implementation and, at the same time, contribute to achieving high profitability due to automation and reduction of operating costs.
The Company’s developments in the field of digitization and registration of property in blockchain-based ledgers will be aimed at simplifying the management of rights to such property: purchase and sale, lease and rent, shareholding etc. During this period, it is also planned to actively promote distribution of services publishing information on the state of Assets in the Blockchain. This will allow simplifying the evaluation, accounting and management of such Assets as well as reducing risks.
A separate direction in which Simcord Company will conduct its activity is portfolio investments implemented on the basis of the Blockchain technology due to the Company’s new and innovative solutions. For instance, it is planned to implement pension savings in the digital space as a type of investment portfolios generated from investments into projects with long implementation periods and low risks. Creation and implementation of intelligent algorithms by the Company’s specialists will allow forming special pension indices based on such projects and pension funds for each Bitbon System User individually. Due to the Blockchain technology and the environment for implementation of smart contracts, such pension investments will be paid out with 100% guarantee.
- Next-generation business-oriented network
- Social network with cumulative rating
- Global rating of Participants and their expertise
Simcord Company will create conditions under which all Bitbon System Participants can be united into a single next-generation business-oriented network. This should facilitate establishment of a common social network consisting of suppliers and buyers of various products and services, creation of a common rating database for all Participants as well as organization of groups for provision of complex services.
- Platform for issuing local crypto currencies (for communities, companies, corporations, regions and countries)
- Emergence and development of transnational non-governmental regulatory authorities
- Establishment of economic rules and regulations
- Issue and regulation of digital currencies
- Financing of projects and companies
- Single global system for selling and purchasing products and services
Using its software solutions as a basis, Simcord Company plans to create high-tech products and services whose implementation will allow individual companies and groups of companies to use the Blockchain platform for issuing their own digital payment units in any convenient form. In the future, such local crypto instruments will be regulated by the smart contract system by agreement between the Participants. In addition, large corporations will require creation of non-governmental regulatory authorities, which will ensure coordinated development of rules for using such crypto instruments.
Special attention will be given to the development of services in the Blockchain platform for publication of offers regarding products, services and delivery conditions as well as for implementation of a convenient method of mutual settlements by planning, ordering and delivering products and services provided that the majority of processes (for example, selection of suppliers, order placement and mutual settlements) in this System can be performed automatically. After implementation of these services, suppliers will be able to find customers more quickly and easily, and buyers will be able to quickly (automatically) choose the most favorable offers and place orders. Additionally, special ratings of suppliers and buyers are expected to be created, which will guarantee the fulfillment of obligations by all parties involved.
- Issue of national currencies
- Management systems for states and economic alliances
- Maintaining ledgers of all Assets managed by the System
- Currency emission and regulation
- Maintaining transaction history
- Maintaining classifiers for all types of products and services used by the System
Implementation of new high-tech services developed by Simcord specialists will facilitate establishing conditions for issuing national and regional backed digital currencies in the Blockchain platform, which should make regulation of such currencies much simpler, increase their stability and enhance people’s trust in them.
Rapid development of Contributing will allow using the principles of this type of activity for investing in the infrastructure of cities and regions and receiving remuneration based on the use of such infrastructure. In the future, it will be possible to implement regional currencies in the System in order to collect payments for using local infrastructure.
It is expected that a greater range of activities will allow the Company to interact with authorities more efficiently, participate in the legislative process and lobby the use of systems for the management of natural resources and urban infrastructure, which are based on the Blockchain platform developed by the Company.
Implementation of such systems will be aimed at faster economic development of regions where these systems will be used as well as at simplifying business operations and interaction of business with government agencies. It is very important to understand the created opportunities, which will significantly limit corruption and reduce the expenditures for maintaining the state apparatus due to automation of decision making.
We understand that, by following the adopted strategy of the Company development, we not only accelerate the onset and flourishing of digital economy but also contribute to evolution of a responsible progressive society right now.