project wallets®
category blueprint
automate
contracts + cashflow
brief
problem - complex project (multi party/phase)
solution - team automation tool
who – project teams
what – automate inputs (labor, material, money)
where – on blockchain
why – to build & pay faster
how – RAILS / TRU$T / FLOW
1 team - Owner, Contractor, Subs, Suppliers, Lender (optional)
2 rails - automate contracts + cashflow
3 steps - fund / work / approve to pay
4 parts - user wallets, project wallet, the contract, subcontracts
POV - Teams build faster w/TRU$T
RAILS - automation
any project - same process
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3 inputs
2 rails
on blockchain
reverse engineered with first principals to accomplish the highest output w/ least input
TRU$T - neuroscience
Team Automation = TRU$T
FLOW - 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 Advanced Brain Monitoring / DARPA – up to 490% faster skill acquisition in flow. 4 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). 5 Google, Project Aristotle – psychological safety (trust) was the #1 predictor of team performance across 180 teams.
1 team - Owner, Contractor, Subs/Suppliers, Lender (optional)
2 rails - contracts + cashflow
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3 steps - fund / work / approve to pay
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4 parts - user wallets, project wallet | the contract | subcontracts
user wallets
hold user's funds
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self-custody blockchain wallet
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owned/managed by the individual user
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connected to an outside financial institution via on/off ramp
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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balance after project completion sent to Owner
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Lender approval (if applicable)
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the contract – Owner + Contractor
scope + value (by phase)
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coded by the Contractor
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accepted by the Owner
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Owner funded (by phase) from the project wallet - to start work
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modified by change order (as needed)
subcontract - Contractor + Sub/Supplier
scope + value (w/invoices)
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funded w/preset invoices
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modified by change order (as needed)
note: must be equal or less than contracted amount
balance paid to Contractor upon phase completion + Owner's approval
category adoption
innovators + early adopters 16.5%
small companies (5M - 50M)
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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 (50M - 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
FLOW - a state of peak performance
invoice – preset subdivision of a subcontract scope + value (Sub/Supplier’s 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 (Contractor 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