project wallets®
category blueprint
automate contracts + cashflow
to help teams build + pay faster
brief
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 think / feel / act:
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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 workflow
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RAILS - team automation
any project - same process
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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.
FAQ - Frequently Asked Questions
visibility – who sees what?
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each party only sees the wallets + contracts they are connected to
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Owner / Lender (optional) sees the project wallet + the contract
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Contractor sees the contract + subcontracts (w/invoices)
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Subs/Suppliers only see their subcontract (w/invoices)
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each user sees their own wallet
what do you mean "programmable" ?
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smart contracts are if/then programs that run on blockchain
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stablecoins are attached to the smart contracts at creation
(it’s like taking a dollar and writing “123 Main St – Demolition” that dollar can only be used for that project, for that purpose)
how fast are transfers?
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bank-to-wallet - on-ramp wire transfers take 0-2 days
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wallet-to-wallet - transfers on blockchain are instant
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wallet-to-bank - off-ramp wire transfers take 0-2 days
is this cryptocurrency?
yes, but this is stablecoins – not market based coins
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stablecoins = hold a pegged value to something (like the US Dollar)
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market coins = value travels up & down depending on market demand
where is the money?
funds are converted 1:1 from fiat to stablecoins by the Coin Issuer
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the GENIUS Act requires all stablecoins be 100% backed by ultra-safe highly liquid US assets – like cash, or short-term treasury bonds
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stablecoins are converted to fiat (USD) by sending the coins to the Coin Issuer on the blockchain, who then wires funds to the user’s bank
accounting / ERP software connection?
project wallets are treated as a separate “project bank account”
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inflows from the Owner
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transferring to the Contractor when a phase is funded
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and out to the Subs/Suppliers when invoices are paid
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OH&P stays in the phase until Owner approves
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
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