SmartOne aims to bring the disruptive capabilities of blockchain-based companies to the legal sector by creating a means of access to legal services for the crypto community. The agreement on this service will be obtained through the ownership of a blockchain-based LEGAL token originally issued through a Token Generation Event (TGE / ICO), commencing on November 15, 2017. The smartOne service covers the market for legal advice, automated document preparation and individual legal consultation.
Our focus is to provide legal solutions for companies issuing tokens through TGE, as well as document automation and contracts for financial markets and capital markets. By providing legal services, we also aim to be the legal voice of the crypto community by conducting research and development, publishing articles and dialogue with regulators. MartOne itself is a community, designed and built by a team of legal and technical experts based in 'Crypto Valley' Zug, Switzerland, the birthplace of some of the world's first companies (non-Bitcoin) Crypto currencies, such as Ethereal.
SmartOne Problems And Solutions
Problem
Access to the hard legal services needed to continue its development as the most disruptive to digital technology since Worldwide Web. The majority of traditional legal service providers do not understand the concept behind blockchain technology or the potential impact of the growing economic decentralization they facilitate. Their business model is incompatible with the fast-moving sector of the technology world, which prefers automation and unit prices for paper-based processes and pay per hour engagements. At the policy level, very few national legal systems are successfully following the pace of crypto development, resulting in the lack of a regulatory framework designed to give investors confidence that the crypto company and the community in which they are interested, follow at least a basic, globally recognized standard of compliance.
Solution
SmartOne has designed LEGAL tokens as a solution to this misalignment of the crypto community and the law. Designed to bridge the gap between these two sectors, LAW discusses the lack of access to the legal sector currently encountered by the crypto community and at the same time creates a foundation for the legal technology ecosystem based around SmartOne networks and platforms. By enabling access to the SmartOne network, LEGAL brings the crypto community and the legal sector together. Organizations use their tokens to purchase services and legal expertise offered through the platform. They will be able to select their teams and choose specific products or automated services that they know have been designed to serve crypto community.
The network itself offers a market where service providers and clients can do it meet and get involved. It also brings researchers, developers, financial institutions, regulators and investors together for the first time into a crypto focused ecosystem. Supported by the SmartOne network and the underlying SmartOne Foundation, the Ecosystem will facilitate further legal technological development by providing the environment that places financial institutions associated with the research team; investors with developers and service providers with clients.
SmartOne Ecosystem
1. Service Provider
The
original SmartOne service providers are LegalOne, NextLex and SKUANI. Together
they provide the resources we need to provide comprehensive legal services.
LegalOne
is the first digital law firm in Switzerland.
NextLex
is a legal document automation platform.
SKUANI
is an interdisciplinary consulting market.
This
partner is fully committed to SmartOne and has invested CHF 2 million of them.
As a key technology platform crucial to SmartOne's success, it is important to
note that NextLex and SKUANI are fully operational.
2. Reward System
The
LEGAL Token is located in the heart of the SmartOne ecosystem. Its main role
consists of the realization of the right: The right to ecosystem membership. In
addition to membership, LEGAL tokens also allow token holders to access legal
services, including the terms of the Anti Money Laundering (AML) and Know Your
Customer (KYC) rules, through blockchain technology. Only registered users have
membership status and therefore benefit from the benefits
3. SmartOne Membership Scheme
The
tiered membership scheme will determine member status according to the minimum
number of LEGAL tokens they have stored in their wallets over three month
period channels. Tokens stored on crypto exchanges are not counted against the
membership scheme, thus creating incentives for members to use their secure
wallets.
4. SmartOne Platform and Protocol
SmartOne
Foundation aims to promote and develop new technologies and applications, in
particular focusing on open and decentralized software architecture. The goal
is to promote and develop SmartOne (or appropriate technology) protocols and to
promote and support applications using the SmartOne protocol.
4.1
SmartOne Risk Assessment
In
the end related to the SmartOne Protocol is the development of a risk
assessment system for crypto assets that will help ease the entry of
institutional investors into the blockchain market. The system will provide
quantitative insight into the creditworthiness of individual token as well as
their classification into the law class.
4.2
SmartOne Rules
According
to the Blueprint for Digital Identity from the World Economic Forum, the lack
of a digital identity system in the world generally has a negative impact on
institutional finance. We see that digital identity solutions are a necessary
prerequisite for the introduction of a broad market of blockchain-based
products and services. As a practical example, Zug City will provide from
September 2017 its residents with the opportunity to create their own digital
passports using blockchain technology. This decentralized identity system is
based on Ethereal Blockchain and therefore requires official verification by the
authorities, including the completion of the KYC and AML protocols, will enable
the identity holder to access the financial services market. The first version
of the SmartOne Regulation protocol will be implemented for our TGE and the
code will be publicly available in GitHub. This will be an example to others
jurisdictions and provide the basis for further development of the
decentralized protocol
4.3
SmartOne Crowdfunding
SmartOne
also develops an open source crowdfunding platform for individuals and
nonprofits The Ethereal based blocker platform enables one to start
crowdfunding campaigns. Donations can be made with Ether and LEGAL token.
4. SmartOne Platform and Protocol
SmartOne
Foundation aims to promote and develop new technologies and applications, in
particular focusing on open and decentralized software architecture. The goal
is to promote and develop SmartOne (or appropriate technology) protocols and to
promote and support applications using the SmartOne protocol.
4.1
SmartOne Risk Assessment
In
the end related to the SmartOne Protocol is the development of a risk
assessment system for crypto assets that will help ease the entry of
institutional investors into the blockchain market. The system will provide
quantitative insight into the creditworthiness of individual token as well as
their classification into the law class.
4.2
SmartOne Rules
According
to the Blueprint for Digital Identity from the World Economic Forum, the lack
of a digital identity system in the world generally has a negative impact on
institutional finance. We see that digital identity solutions are a necessary
prerequisite for the introduction of a broad market of blockchain-based
products and services. As a practical example, Zug City will provide from
September 2017 its residents with the opportunity to create their own digital
passports using blockchain technology. This decentralized identity system is
based on Ethereal Blockchain and therefore requires official verification by the
authorities, including the completion of the KYC and AML protocols, will enable
the identity holder to access the financial services market. The first version
of the SmartOne Regulation protocol will be implemented for our TGE and the
code will be publicly available in GitHub. This will be an example to others
jurisdictions and provide the basis for further development of the
decentralized protocol
4.3
SmartOne Crowdfunding
SmartOne
also develops an open source crowdfunding platform for individuals and
nonprofits The Ethereal based blocker platform enables one to start
crowdfunding campaigns. Donations can be made with Ether and LEGAL tokens.
5. Research and Development of SmartOne
SmartOne
is a strong supporter of research and development into a blockchain
application, especially by beginners and students. For this purpose, we will
establish a Tech Laboratory to host. Operating primarily as a center of competence
for innovative innovative ideas, Lab will do it also play an educational role.
First, by bringing the common sense of curiosity and second, by organizing
workshops and speakers. Lab Tek is located in BusinessParkZUG in the heart of
the Crypto Valley. SmartOne provides a free shared workspace within the Lab in
collaboration with the Association of Zuger Gründerzentrum and thanks to the
support of Fondation Antoine Blättler. Up to eight workstations are setup and
available for beginners and students.
ROAD MAP
SmartOne TGE is just the first step along the way to build SmartOne ecosystem. Once TGE is complete, our focus will shift to providing the tools needed to facilitate and implement successful third-party TGE.
In the SmartOne market, such third parties can choose their experts need to help them take their blockchain idea until the completion of TGE. Initially, support will focus on making white papers and legal judgment tokens for the preparation of TGE. From December onwards, the available expertise will also include tax, regulation, compliance, and token security. Following the successful implementation of the SmartOne market, attention will shift to the expansion of the SmartOne Protocol
DISTRIBUSI TOKEN
A maximum of 20,000,000 tokens will be issued during TGE. Approximately 13,000,000 tokens are available for Public Token Launch and 2,000,000 for institutional and qualifying contributor (minimum equivalent 50,000 USD). 25% of issued tokens will be allocated to the founders, advisors, team members and bounty programs (maximum of about 5,000,000 tokens).
MORE INFO
Website : https://smartone.legal/
Telegram : https://t.me/joinchat/A5Q_tEPvfVcNeoQWI475pA
Facebook : https://web.facebook.com/SmartOneLegal/
Twitter : https://web.facebook.com/SmartOneLegal/
Author : ENDRI
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