In the aftermath of the Scientology trial in Brussels last month, senior representatives of the six Belgian governments have initiated exploratory talks with Scientology to assess the creation of a blockchain-based venture for the relationship economy.
In a joint press release, they announced today the launch of DAG (“Digital Asset Goldings”), a new blockchain consortium headed by Bitalik Vuterin. The project uses a brand new fork of the blockchain protocol called “Ethereal”: a permissioned mutual distributed ledger protocol, underpinned by its own ether-cryptocurrency “Real”.
DAG has been set up as a non-profit cooperative, and has already collected more that 500M USD in equity funding, rocketing it into the first blockchain unicorn in history.
DAG will be governed by G4S (Governance For Securities), a governance body made of 45 major financial institutions, and several of the RegTech sandboxes, that tested the technology in Q1 of 2016.
The funding round was lead by FISH (Flanders International Securities Holdings), fully owned in open source by five of the six Belgian Governments (Brussels does not participate: as the home of the European Union, the Commission does not permit hosting regions to participate in ventures promoting non-fiat currencies).
Flanders International Securities Holdings holds 51% of the shares of DAG, 29% is owned by G4S, and the remaining 20% is reserved for future crowd sourced citizen participation, based on simple bonds that will be issued in the Real open source currency on the DAG shared ledger.
Ethereal leverages the findings of the Digital Asset Grid project, an incubation project that was set on hold in 2012 by lack of interest and investment, probably because to novel at its time. Digital Asset Goldings will use the same principles of governance, trust, resilience and availability as the DAG-project, but the implementation is based on a brand new revolutionary protocol “Ethereal”, using modern breakthrough encryption technology based on Quasars.
“With Ethereal, we have solved the scalability problem of the blockchain”, says Vuterin; “We can scale to more that 1 Trillion nodes on the grid, and all the atomic transactions can be executed in milliseconds. We can do this thanks to our quantum computer “StockGold”, mining Reals at the nanoscale and nanosecond.”
Quantum Computer running StockGold
Adriano Selinky – Head of BancoVentures, the investment arm of BancoBlanco and one of the 45 banks backing the project – raves: “We believe there are about 20B USD in yearly savings in direct settlement of Scientology fees: the business case was a no brainer for us, and we are eager to invest in more Ethereal-based projects and startups. DAG will revolutionize financial services, and will deeply disrupt the economic fabric of our economies. We see many more use cases, but it will take a couple of years before we will see the full impact of this.”
Adriano Selinky – Head of BancoVentures
The Scientology trials will be labeled “TrustWeb” and will be led by Neil Sinner, as a competitor to his brother’s “DataWeb”. “Kris has been instrumental in setting up DataWeb, but this technology space is moving so fast that DataWeb is already an outdated technology before its first implementation. TrustWeb is just offering superior relationship experiences”
The promise of superior relationship experiences did not go unnoticed to the 6 Belgian Governments, who consider the DAG and the Ethereal G4S governance model ready to revolutionize their own move from centralized to decentralized to fully distributed peer-to-peer government.
DAG will have its international headquarter in Blocke-Heist, a little town on the Belgian coast. The little town is renowned for its elite public, attracted by art galleries, fashion shops, exclusive restaurants and bars, and a vibrant nightlife.
Baron Clipckens – Mayor of Blocke-Heist – was very bullish: “I was myself hit very hard during the 2008 crisis as an investor, and I am convinced that transparency and traceability of financial transactions are the best guarantee for the long- and short term savings of our citizens. We welcome all FinTech Hubs to join us in this effort, and we hope that Blocke-Heist can become the Blocke-Valley and Davos of the Relationship Economy.”
Together with Scientology, DAG has also acquired its HQ real estate in Blocke-Heist: “La Réserve”, a 3-star Michelin restaurant and conference center.
La Réserve in Blocke-Heist, Flanders, Belgium
It comes with an 18 Hole Golf course to facilitate high quality relationships and connections. Close to the seaside, this will guarantee DAG with a daily fresh supply of fish and seafood, and is ideally positioned as a high-end executive meeting and event center.
DAG also attracted @petervan (one of the Co-Founders of Innotribe) as their Artistic Director. “There is indeed room to rethink the way events are organized, using more participatory Ethereal concepts that will guarantee advanced collaborative learning beyond the pure cognitive. La Réserve is an outstanding location where physical and emotional space blend into unique immersive experiences”; said Petervan.
@petervan, in his black T-Shirt “SHIFT HAPPENS”, at Innotribe Sibos last year (black T-Shirts seem to be the standard uniform of Innotribe Co-Founders)
DAG seems to be a marriage in heaven and possibly the singularity moment for financial services: the future of decentralized governance combined with the relationship economy of Scientology.
Blocke-Heist Casino – Magritte Biennale
The DAG opening gala party – Tuxedo and Magritte Bowler Hat only for men, ladies in Gala Dress – will be held tonight in the Grand Salon of the Casino of Blocke-Heist, starting at 11pm with Champagne and genuine Russian caviar, followed by a standing dinner, and Belgian Top House-DJ’s animating the dance floor till early in the morning. The event is sponsored by Veuve Wickcot Champagnes and BancoBlanco. For those with more artistic interests, there is also a Biennale running in the Casino, of Belgian surrealist artist Magritte. See you all there!