so today I'm going to be presenting on
two projects I'm going to try and get
this done in 15 minutes so it's a lot so
bear with me it's going to be wave fund
which is crowdfunding centralized
crowdfunding and it's going to be board
room which is decentralized governance
so what is wave fund so wave fund I can
break it down into two things really
simply crowdfunding and it's digital
asset issuance and it's all done on a
theorem so when we think about digital
assets we can think about equity rebates
financial instruments loyalty points
discounts products coupons and it feels
a lot like Kickstarter and I'm sure a
lot of you have used kickstarter you've
used things like that wave fund is
designed to feel like that but it runs
completely on smart contracts at a
fraction of the cost and can do a lot
more so this is the wave fund version
one kind of discovery interface so this
is the interface you're going to see
when you're you know looking through
campaigns trying to figure out what you
want to contribute to its very much like
Kickstarter but everything's in ether
you can see here this is a the interface
to actually donate to a campaign so you
can see there's some critical
differences the funds are in ether and
as well we have at the bottom their
tokens issued so when people contribute
you can do this really cool thing where
you'll get secure issuance of tokens
back to the person who contributed so
this this creates a very very
interesting system so what is it
technically it's the most simple Diab
design there is it's one smart contract
and one UI and I like to think of it as
having a lot more meaning than code
and it's much bigger than you think it
is so sort of interesting element to
this is I like to see it as rebuilding
the one-to-one relationship so there's
no VC firms there's no lawyers there's
no management there's no middlemen
there's no payment processors no banks
and there's a lot less transactions it
is between the investor and the company
just you and your money and when we
think about so investors are now instead
of eyes to use them promote the product
so so this is kind of a second idea as
well when you invest in these products
you're now incentivized to say okay I'm
going to go out and I'm going to
actually use them I'm going to sell them
I'm going to promote them this changes
the dynamic for your investors and for
your customers so an example that I like
to bring up is the coffee shop example
so imagine you kind of walk down the
street and there's a coffee shop you
really like and they're trying to raise
some money so with a conventional
crowdfunding campaign they'd raise money
and it just sits there with equity
crowdfunding particularly decentralized
crowdfunding the relationship changes
you walk into the coffee shop and you
say okay you know I've donated to your
campaign I have verifiable evidence it's
written into the blockchain that not
only my contributor but I have so many
shares of this coffee shop now all of a
sudden the relationships taken a
completely different turn this may mean
I can make decisions in this coffee shop
I can maybe maybe next month I decide
what coffee they're going to bring in
now I'm also invested in whether they do
well or they don't so I'm going to start
promoting their business and creating a
really sort of dynamic relationship this
is something we just haven't had before
so it's not bc it's not venture capital
it catalyzes your user base and this is
something that's kind of related to
equity crowdfunding in general
but with a theorem it really does take a
different turn so we own the shares of
what we use and this is just coming back
to that one idea and this means more
power for the everyday consumer and the
everyday investor so you know you're
going to start seeing ownership of
various roles and businesses by everyday
people and it's going to happen at an
alarmingly fast rate and it all comes
back to this other idea which is we're
going to govern what we own so and thus
govern what we use okay so how do we
feel about this so far we good
everyone's yeah all right cool all right
so second thing is we're raising money
we're building a user base this solves a
big problem in business it's just
getting users getting customers and I
like to think of this as as well
offering high finance to everybody some
financial services that were once
available to massive corporations you
need tons of lawyers you need all this
sort of infrastructure now we're just
giving that to everybody we're giving
that to the coffee shop we're giving
that to your neighbor down the street
everyone will get access to these
services having a built-in user base
lowers your risk because now you have
customers and when we think about
funding I like to think of it I think
about it as free speech and so I like to
think of wave fund as being not only an
investment platform but also a freedom
of speech platform so another
interesting aspect is that the shares
that will be raised on way fun will be a
standardized token and that means that
they'll be immediately tradable on
decentralized exchanges so this creates
sort of a very interesting dynamic and I
think it's really interesting to think
about what if the two billion that
Kickstarter raised over their years of
business was financialized you know what
if that was equity share
what if that was digital assets how much
more money would that are generated in
business if it just didn't sit there it
would have you know tripled quadrupled
so this is just an interesting pot to
think about the contractual design
patterns are fairly simple wave funds
design in a way that's just outwardly
extend extend ssible it's a very very
simple contract it's less than a hundred
lines of code this can talk with more
complex controllers and those
controllers can then talk two tokens so
this creates sort of an interesting
design chain that's completely modular
and very extensible so two challenges
with wave fund we can think about social
readiness and jurisdictional regulation
and to get into these just a little bit
social readiness just adoption of ether
and adoption of this sort of new
paradigm of thinking this new technology
and as well jurisdictional regulation
just needing to catch up to this sort of
new paradigm of thought so addressing
these two challenges we can think about
educating the populace the social
evolution and also just support from
government business in general and
there's a lot of different interesting
ways this is happening already but the
JOBS Act which is kind of freeing up
equity crowdfunding and also non US
regulators so how do we make sure these
projects don't fail this is another
critical aspect of the whole thing
you're going to raise money on wave line
you're going to raise money into
centralized crowdfunding but how do we
make sure it doesn't fail this is when
the second project that I'm working on
comes in called boardroom so the idea
here is that you'll deploy board and
then go out you're going to raise
capital for that the beneficiary of the
campaign can actually be a contract and
that can be a board and this is where
you'll have a sort of dynamic voting
process come into play and you're going
to have
just some really interesting dynamics
happening where orbs will just pop up
and then funds will be raised for it and
the equity raised will actually have
decision-making power in the
organization and this will all happen in
a contractual space so let's get into a
little bit of a boardroom walkthrough
and I have five minutes so I'll try and
get into it as best I can so this is the
opening of boardroom and it's the first
public showing so yay so what you're
seeing here is a visualization of a
board and this is Pied Piper and so here
we're just seeing some basic membership
and proposals and these sorts of things
so bored is just boardroom and these
boards is just a single contract on the
etherium network it's representing the
boardroom structure and this can be used
to create a complex governance structure
that can help in allocating funds
holding membership and doing kind of
very complex proposal systems so here
we're just seeing a basic dashboard some
details about the board the address the
balance will go into proposals so
actually before proposals let's go into
membership so here is seeing just some
members of the board and each member can
only join through proposals so it's all
proposal based and all needs to be
through the democratic gateway of the
board when we talk about proposals
they're statically typed which means
that you can't have a board member try
and cheat another by having a proposal
that is does one thing but then kind of
does another actually so here's just
some types if you can see that you can
see allocating funds from the board's
budget adding and removing members
selecting chairs subcommittees you're
basically going to get everything you
want out of a company structure
simulated in a smart contract and within
the boardroom UI and as well we're
building boardroom to be completely
extensible both in configuration hooks
and also the proposals can outwardly
talk to other contracts which creates a
whole sort of unlimited amount of
interesting use cases think about
creating proposals that move tokens
around or equity think about complex
voting structures that are based on
tokens so this is the sort of bread and
butter of boardroom and it all comes
back to the one philosophy of just
simulating a governance structure in a
contract on athyrium so with each
proposal you can see here there's just
some various details proposals have a
certain kind of structure that allows
for sort of rigid a rigid data type just
five different ones so here you can see
just some proposals that have been
executed so this is adding Erlich to the
board this is sending funds from the
board it's a very simple interface and
we saw a little earlier that there was
something like this I believe andreas
did something like this with tokens and
boards I think a big thing about
boardroom is that there's a lot of data
to visualize with governance structures
and contracts and so you really do need
a dedicated you I to handle that and
there's just a lot of information to
kind of go through so between the 2 i'm
just going to pop back to my
presentation real fast because i'm
apparently out of time so what ok we'll
go right through that ok I will be quick
so this is just some organizing
innovation ok yes what's next for
boardroom wave fun okay total world
domination yes so for wave funds we're
going to have a lot more decentralized
file storage integration or distributed
file storage integration I PFS etc
complex token controllers we're going to
have a new UI and we're going to put
that on the test net with boardroom
we're going to
into some really interesting custom
voting structures dynamic membership
middleware which is kind of outward
extensible tech that will help bridge
boardroom to other services new UI and
then release that on the etherium test
net here's just some new screenshots of
the new UI which is seeing for the first
time it's all cleaned up and nice and if
you have any questions I'll be floating
around with this shirt on most likely
and wow that started a little rigid but
I think I kind of moved up a little bit
as I went along thanks for bearing with
me and I hope this kind of made sense
and it was a little lighter today or
with this so thank thanks guys