BCD Protocol
I dont have a very clear view on / haven't been able to think through
whether we should build our own subnet / L2 (protocol)
whether the assets should be NFT or SFT
Does this require some type of wrapped token for certain purpose (feels like might be required)
how does the electricity ledger / token fits into all this
And tokenomics / architecture related to the above
https://docs.helium.com/tokens/hnt-token/ - also Helium has 4 tokens for reference
Keep in mind i do hope to bring bus fare payments on chain. So not sure what architecture is best for high volume micro transactions (bus fare being 0.2 to 0.3 cents)
Also we will have a lot of these IoT and sensors similar to Helium. They moved to sol. Also seems like IOTEX and PEAQ is used a lot for these purposes, especially peaq has been used a lot by recently launched projects
And if we build the both 1 and 2 above, whats the best incentive structure to be fair to balance out economics of governance holders / investor and sft holders
The BCD Protocol enables the creation of an ecosystem where the monetization of shared products is managed in a decentralized manner. This fosters a community that actively engages in the growth of its own sharing infrastructure.
The Ecosystem supporting the integration of blockchain technology with public transportation and energy solutions consists of five key components, each playing a vital role in the functionality and sustainability of the system. This section outlines how these components interact within the ecosystem to provide a robust and decentralized framework.
Base Layer
The base layer acts as the backbone of the ecosystem, processing all transactions and providing decentralized identity ("DID") services to each asset within the network. The Protocol will eventually offer local currency stablecoins to increase consumer usability and adoption of the Protocol across the system. Considering the complexity and scalability requirements, the foundation for this base layer could be supported by larger blockchain networks and is EVM compatible, which offer the necessary infrastructure and community support.
Functionality: Handles transaction processing, asset management, and potentially issues stablecoins linked to local or global currencies.
Potential Partnerships: Collaborations with entities like Worldcoin or Rarimo to provide additional functionalities or integration with global financial systems.
DID for Assets
The DID system is crucial for digitizing physical assets within the ecosystem, including solar panels, charging stations, different vehicle types and ultimately batteries which allows these assets to be identified and tracked on the blockchain, providing transparency, security, and efficiency.
Tokenization Process: Can be conducted on the base layer or a dedicated layer equipped with smart contract capabilities necessary for automating financial operations and payment types between on share owner each asset.
Smart Contracts: Enable automated operations and ensure that financial interactions related to asset use are executed promptly and accurately.
Electricity Ledger
Records production of electricity from the sun and nets off usage of electricity from vehicles coming to charge. Initially, settle of payments for this ledger to be done offline by fiat settlement.
In the future, once liquid stable coins / digital sovereign currencies are introduced, all transaction and settlement would be done on-chain.
Hardware Integration (IoT)
Critical to the system's operation is the physical hardware, which not only includes buses and charging stations, but also specialized hardware designed to interface directly with the blockchain via mobile communication.
During the initial phase, this ensure key data from energy stations, vehicles and batteries are synched on-chain.
Eventually, the device provides two-way data secure message to allow base layer to send certain contractual commands to each hardware unit
Token Owner DApp / Dashboard
Tightly integrated with the asset tokenization layer, this DApp provides token owners with management tools and financial services. It supports liquidity management, token trading, and cash-out functions, ensuring that token holders can actively manage their investments and financial returns.
User App / Mobile / NFC Wallet DApp
A user-focused application or DApp is essential for interfacing with the system. This app will handle payments for bus fares, payments for other services, and include DeFi functionalities such as swapping and bridging to facilitate user interaction with BCD Protocol and other protocols.
Liquidity Pools: Provides liquidity for token trading on secondary markets, enabling efficient asset management and trading.
Cashout Functions: Allows token holders to convert their digital assets into fiat currency or other stablecoins, facilitating ease of use and financial flexibility.
InterPlanetary File System ("IPFS")
The amount of data generated by EVs and related infrastructure is 1000x time a person generates from browsing the internet.
Initially, the Protocol will bring key operating date on-chain but overtime, operational may need to be stored through IPFS for the data to be truly decentralized.
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