project wallets®
category blueprint
help project teams
build + pay faster
brief
​​clear goals + fast rewards
unlock peak performance
who – project teams
what – automate contracts + cashflow
where – instantly on blockchain
how – psychology & technology
why – to build + pay faster
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
changing how teams:
.png)
1 team - Owner, Contractor, Subs/Suppliers, Lender (optional)​​​​​​​​​​​​​​​
2 rails - contracts (goals) + cashflow (rewards)
3 steps - ​​​​​​​​​​fund / work / approve to pay
​​​​​​​​​​​​​​
​
.png)
%20(1000%20x%201000%20px).png)
​4 parts - project wallet, the contract, subcontracts, user wallets
​project wallet
hold project's funds​
-
opened by the Contractor
-
owned/funded/managed by the Owner
-
(optional) funded by the Lender
-
​
​
the contract – Owner + Contractor
scope + value (by phase)
-
how the Contractor "programs" the project wallet
-
Owner funded (by phase)
-
modified by change orders
​
subcontract - Contractor + Sub/Supplier
scope + value (w/invoices)
-
pre-funded w/preset invoices
-
modified by change orders
note: must be = or < contracted amount
note: balance to Contractor upon Owner's approval
​
​user wallets
hold user's funds
-
self-custody mobile blockchain wallet
-
owned/funded/managed by the individual user
-
connected to user's bank via on/off ramp
​
​
​
​
the icon is the workflow
.png)
RAILS - team automation
any project - same process
.png)
3 inputs
2 rails
on blockchain
TRU$T - neuroscience
Team Automation = TRU$T
FLOW - peak performance
TRU$T unlocks FLOW
sources
1 McKinsey & Co., 10-year study of senior executives – up to 500% more productive in flow. 2 University of Sydney (transcranial stimulation study) – 430% gain in creative problem solving; Harvard – heightened creativity up to 3 days after flow. 3 P. Zak, Trust Factor (2017): high-trust orgs report 50% higher productivity, 76% more engagement, 106% more energy (and 74% less stress, 40% less burnout). 4 Google, Project Aristotle – psychological safety (trust) was the #1 predictor of team performance across 180 teams.
category adoption
innovators + early adopters 16%
small companies (10M - 100M)
-
growing companies + growth mindset
-
"native digital" project managers <45
-
automation > manual
-
crypto curious
-
primary profit from OH&P
Owner financed projects (100K – 10M)
-
fast + complex (multi-party/phase)
-
renovations / remodels
-
custom new builds
early majority 34%
mid-sized companies (100M - 500M)
-
shift from manual to automation
-
shift from OPM to OH&P
large Owner projects (10M+)
Lender financed projects (100k-10M)
-
larger new builds
government projects
late majority + laggards 50%
large companies (500M+)
-
don’t want to grow / change
-
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
FLOW - a state of peak performance
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
profit - value in contract less subcontract amount – held in phase
RAILS - fixed automation framework
RI$K (villain) - financial fear & uncertainty
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)
TRU$T (hero) – financial predictability
user wallet – self-custody mobile blockchain wallet + keys
wallets – storage of keys for digital asset ownership on blockchain