project wallets®
category blueprint
automate contracts + cashflow
on blockchain to build + pay faster
brief
who – project teams
what – automate contracts + cashflow
where – instantly on blockchain
how – psychology & technology
why – to build + pay faster
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1 team - Owner, Contractor, Subs, Suppliers, Lender (optional)
2 rails - contracts (goals) + cashflow (rewards)
3 steps - fund / work / approve to pay
4 parts - project wallet, the contract, subcontracts, user wallets
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1 team - Owner, Contractor, Subs/Suppliers, Lender (optional)
2 rails - contracts (goals) + cashflow (rewards)
3 steps - fund / work / approve to pay
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4 parts - project wallet, the contract, subcontracts, user wallets
project wallet
hold project's funds
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opened by the Contractor
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owned/funded/managed by the Owner
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(optional) funded by the Lender
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the contract – Owner + Contractor
scope + value (by phase)
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how the Contractor "programs" the project wallet
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Owner funded (by phase)
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modified by change orders
subcontract - Contractor + Sub/Supplier
scope + value (w/invoices)
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pre-funded w/preset invoices
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modified by change orders
note: must be = or < contracted amount
note: balance to Contractor upon Owner's approval
user wallets
hold user's funds
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self-custody mobile blockchain wallet
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owned/funded/managed by the individual user
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connected to user's bank via on/off ramp
the icon is the product diagram
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psychology + technology
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automate team trust
the most important key to a high-performing team is trust – by using blockchain automation for all contracts + cashflow everyone on the team gains mutual predictability (the definition of trust) and can focus energy on the work
contracts clear goals
on blockchain – contracts are turned into smart contracts (IF/THEN programs) self-executing when all conditions are met & approval. Conditions are programmed code so they are clear & hard-coded goals for both parties
cashflow fast rewards
smart contracts require the reward (digital asset) be attached so the IF/THEN program can self-execute when the contract conditions are met & approved. Funds transfer instantly (wallet-to-wallet) when the smart contract is approved
to build + pay faster
category adoption
innovators + early adopters 16%
small companies (10M - 100M)
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growing companies + growth mindset
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"native digital" project managers <45
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automation > manual
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crypto curious
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primary profit from OH&P
Owner financed projects (100K – 10M)
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fast + complex (multi-party/phase)
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renovations / remodels
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custom new builds
early majority 34%
mid-sized companies (100M - 500M)
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shift from manual to automation
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shift from OPM to OH&P
large Owner projects (10M+)
Lender financed projects (100k-10M)
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larger new builds
government projects
late majority + laggards 50%
large companies (500M+)
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don’t want to grow / change
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primary profit from OPM investments
large Lender projects (10M+)
insurance work
category vocabulary
approve to pay – single action to both approve work & release reward instantly
blockchain – digital platform to store / trade value
dApp - a decentralized application running primarily on blockchain
the contract – primary agreement between Owner + Contractor
Contractor - team leader - responsible for project setup & execution
invoice – preset subdivision of a subcontract scope + value (Subs/Suppliers goal)
Lender (optional) - financial stakeholder
OH&P – Overhead & Profit
OPM - Other People's Money
overhead – contracted value direct to Contractor
Owner – primary stakeholder & decision maker
phase – sequential subdivision of contract scope + value (Contractors goal)
project wallet – Owner’s programmable blockchain wallet to hold funds
profit - value in contract less subcontract amount – held in phase
rails - fixed automation framework
smart contracts – self-executing if/then agreements on blockchain
stablecoin – asset-backed digital currency (1:1)
subcontract – nested agreement between Contractor + Sub or Supplier
Subcontractor - labor supplier (multiple per project)
Supplier - material supplier (multiple per project)
user wallet – self-custody mobile blockchain wallet + keys
wallets – storage of keys for digital asset ownership on blockchain