A Plan for Transforming The IGF System™ 5.0 into the world's leading DeRisk Digital Infrastructure Utility
Since its founding in 1985, Investors Guaranty Fund, Ltd. and IGF Principals have pioneered convergence of insurance risk and capital markets through innovative structures and patented technologies.
DeRisk adds a long-term risk mitigation functionality to emerging DeFi and legacy Capital Markets.
The prototype IAC Cube™, which originally issued in excess of USD $300 million in loss mitigation Policies, (floating rate, 30 Year, prepayble, QIB debt obligations) rated "AAA", has been upgraded and extended its core patented risk transformation technologies to support decentralised autonomous organisations ("DAO") creating a bridge between legacy institutions to global "risk nodes", compliant with traditional regulatory structures and industry-standard professional networks.
IAC™ Marketplace envisions a Bermuda-exclusive, sponsored core multi-issuer platform "components" architecture for acceptance, transformation, mitigation, retention and diversification of bespoke and intractable risk exposures which may be difficult to place in traditional markets.
Having created and globally patented "insurance securitisation" and "loss mitigation" instruments with the highest credit quality for more than 30 years, IAC™ Marketplace is designed to enable third parties to Sponsor, participate in and benefit from "Risk as a Service" and IGF's unique, yet approachable and fully-vetted technologies.
During the past decade of substantial regulatory and compliance changes, as well as extreme advances in ai and chip technologies, IGF Principals have focused on transforming implementation and operational infrastructure into an advanced digital "component" architecture which is highly configurable and adaptable for delivering a wide range of risk solutions.
A History of Discovery and Innovation ...
Having invented "insurance securitisation" for transforming insurance risks into capital market obligations, IGF Principals introduce "DeRisk", a strategy for digitally transforming risk through decentralised autonomous organisations ("DAOs"), private digital currency and advanced ai technologies.
In 1985, IGF Principals formed Investors Guaranty Fund Ltd. as a Bermuda insurance company, perhaps one of the earliest financial guaranty insurers. Its initial focus was issuing specialty equipment lease payment and residual value guaranty insurance for intermodal transportation equipment.
In 1991, Investors Guaranty Fund Ltd. (Policyholder Reserves) Act, 1991 (the "IGF Act") was passed by Bermuda Parliament and granted Royal Assent by Her Majesty, Queen Elizabeth II. as a Bermuda insurance company, an early financial guaranty insurers. The legislation is believed to be the first "protected portfolio" type of entity legislation and grandparent of Segregated Portfolio Companies, Segregated Account Companies, Series Limited Liability Companies and other such organisational forms.
IGF Principals recognised that while a collateral trust structure protected assets supporting claims payments, it did not protect the issuing entity from myriad risk exposures which could threaten the entity's lifespan.
Warren Cabral, Alasdair G. "Sandy" Barclay and Douglas L. King crafted the IGF Act to protect each insurer subject to its terms, as a "bankruptcy-proof" infrastructure utility upon which to issue a "Policy" to acquire assets and risk for retention, mitigation, transformation and distribution, creating the highest credit quality framework available. A core focus was and continues to be "structural risk mitigation".
IGF - "The Original Transformer Company"
Having established and tested the core risk acceptance framework, achieving "AAA" status, enacted into law an advanced entity and asset protection system, IGF Principals began development of new tools, technologies and concepts
Pioneers in early computing, new insurance risk structures, financial guaranty, cross-border collateral protection, creating no-principal exchange "SWAPs" and emergence of asset securitisation, by 1992, IGF Principals had established a "world recognised" legal and operational framework to begin evolving risk, its diversification, transformation and concepts of risk transfer, retention, mitigation, diversification and pricing in new and interesting ways.
By truly shifting risk to the insurer entity from a policyholder based on a "AAA" level of government credit quality and "bankrupcy-proof" structure, rather than pooling risk among policyholders, IGF Principals had achieved an ability to use credit, term, rate, tax, security, accounting and regulatory elements, in addition to "premium", as well as diversification as sources of risk reduction and surplus support.
By way of illustration, in 1989, USD$3.9 million of unrated, non-investment grade US tax-exempt municipal bonds were insured by IGF. Upon payment of approximately USD$12.75 million in premium by the non-US holders, their bonds were rated "AAA" and market value increased to approximately USD$23.4 million.
The IGF System™ 4.0 was applied to digital cubes more advanced than blockchain in 1998, creating immutable data storage, change state and process integrity long before "blockchain", using a data item container infrastructure. Global IT industry began adopting containers at scale in 2014.
In 2002, IGF Principals recognised an opportunity to expand acquisitions of new technologies and tech companies just after the Dot.Com Crash, as a part of more than USD$100 million in portfolio asset allocations in the tech sector.
Ownership of this type of asset involved accounting issues and a variety of jurisdictional and investment risks not acceptable to IGF and its subsidiary insurers.
These issues were addressed through establishment of Investors Guaranty™ and its Investors Guaranty Global Alliance™, associated with various Barclay Foundations.
In 2001, Alasdair G. "Sandy" Barclay established a series of non-profit | charitable | educational foundations, which created a form of community-centric philanthropy similar to the recent decade long trend in open source information technology initiatives sponsored by non-profit foundations.
Mr. Barclay was an early pioneer in computing and development of the COBOL computing language.
Operating through several special purpose component infrastructure utilities, IGF Principal's participated in supplemental income notes and other structured products related to funds with asset values estimated at USD$5 billion of gross assets, including collateralised debt obligations and insurance company surplus notes
IGF Principals acquired an interest in one of the three largest US Municipal Bond broker broker's, similar to an interdealer exchange, and subsequently increased the position to full ownership - the firm was a significant liquidity infrastructure provider in the US municipal finance industry
Investors Guaranty™ was a principal funder of leading global exchange data distribution platforms for most European stock exchanges and now institutional "dark pools", and developer of a leading global forex currency trading system, as well as several ventures involved in global securities industry reference and derived data and related systems
Investors Guaranty™ IT Systems units were early providers of virtualisation and cloud services globally, and developed a wide range of bespoke applications for government, medical, communications, insurance, banking, finance, online merchant trading, operating globally.
Integration of group technologies led to bundling data products for and from leading global financial markets data sources, as well as developing and using advanced tools for cleaning of corporate records for many of the world's leading corporations
IGF Principals were instrumental in funding the world's top risk analytics firm for 200+ large global banks, as well as transforming their leading edge technologies for use in asset management, insurance, portfolio analytics and other markets
Investors Guaranty™ provided funding for development of the leading counterparty legal entity data services provider for top financial institutions, unique identity services for a range of regulatory applications and participated in the UK anti-bribery technology initiative
Investors Guaranty™ acquired various portfolio assets in sports graphics and social media applications, developing "on-air" graphics and services for global broadcasters, a leader in sailing, golf, cricket, rugby, football, soccer and 20 + additional sports
A Look Forward ...
Circa 2014, a series of IT technologies were "discovered" by leading technologists. Many versions of these "new" technologies had been developed, funded, had their roots in or were similar to technologies previously funded by Investors Guaranty™. IGF Principals began development of core elements of a digital infrastructure approach to implementing the "risk marketplace" concept included in IGF's original insurance securitisation patents. Concepts of specific compute "nodes", configurable into various functional component "utilities", capable of addressing jurisdictional exposures and other risks, began to evolve. Exploration of legal structures and disaggregation of operating functions began to move out of "cloud" architecture and on to "edge" devices as process | memory | storage | network resources.
Under The IGF System™ 3.0, IGF's pro forma staffing plan included 250 -500 internal Bermuda staff, consistent with other large insurers formed in Bermuda in the mid to late 1980s. Significant advances in technology are now enabling us to shift operations to advanced "artificial intelligence" platforms, which substantially reduce internal Bermuda staffing and enable wider use of existing Bermuda regulated and sitused Insurance Managers, Corporate Service Providers, Insurance Intermediaries, Securities Broker Dealers, Accountants, Legal Firms, Actuaries, Asset Managers, Custodians, Trustees, Banks, technology firms, local businesses and risk industry professionals.
During the past decade as low interest rates retricted our ability to issue FlexGIA™, our principal funding source, and the extreme pace of assimilating new global OECD|FATF driven regulations, IGF principals turned their attention, to developing a form of replicable Digital Twin paired hybrid of original assurance, insurance and financial guaranty insurer subsidiaries of IGF.
From a technology standpoint, these are similar to "cloud" based instances which can be simply "spun up" in a few minutes, ready for operations. All procedures, contracts, etc. are standardised under IAC™ Rules and Regulations of The IGF System™, which have been operational for 20+ years.
We updated corporate governance structure to integrate more closely with IGF Act's confidentiality and personal privacy provisions, outsourced day to day oversight to regulated Bermuda insurance managers, and are creating application protocol interfaces ("API") for third party market participants to interact with each IAC™ Insurer for which they are accredited and Policies, Programs, Initiatives and Functionalities for which they are certified.
As a stand-alone trio of assurance, insurance and financial guaranty insurers, with a gateway node, a limited -third party staff operating under The IGF System™ 5.0 Executive Directorate format, can integrate closely with a number of IAC Cube™ instances to facilitate exception surveillance and other administrative activities in conjunction with Insurance Manager and Board.
Each IAC Cube™ is designed in a manner similar to high speed algorithmic trading platforms operating on modern exchanges, servicing global 3rd party market participants. The IGF Act enables a wide array of risk permutations in a modular fashion, including in securitisation, tokenisation, digital assets and currencies.
To effect the proposed Three Year Strategy, significant ai automation is necessary, as our efforts in the past few years, to apply IGF technologies to myriad uses globally, has developed pro forma program implementations for more than 1000 IAC™ Insurers associated solely with O|Zone™ Port Authority Opportunity Zone™ Initiative, designed to support risk exposures exported to Bermuda from United States before the end of the decade.
Referring to the opening paragraph above, and to our objective in the above paragraph, we should note potential additional impact on Bermuda in hospitality and services sectors as each IAC™ Insurer is required to have 5 directors, one of which must be located in Bermuda. We estimate a need for at least 250 new local professional directors providing multiple directorships and estimate more than 10,000 Director visits per year to the Island, as well as visits from an unestimated number of Sponsor representatives associated with each IAC™ Cube.
In addition, IGF Principals intend to propose to our Regulators, a new form of participatory daily fee structure from each IAC™ Insurer as a part of our new continous surveillance, sufficiency, validation, consensus, persistence, payments and governance Protocols.
A PROTOCOL designed for HUMANs, ORGANISATIONs and INTELLIGENCEs
At the turn of the century, a group of non-profit, charitable educational foundations were formed to evolve new computing technologies, transform Communities, enhance Quality of Life, respect Personal Privacy and transition Humankind to a Digital Paradigm
In 2014, we began evolving our core Calypso™ "container" modules into a network centric rather than server-centric implementation.
Each contract or ORGANISATION of governance, data, process, security, access, etc. may reside in a single container and/or cluster of "logical" containers, existing in DIGITALUNIVERSE in atomised state, i.e. its parts may represent mutliple copies globally persisted in no single jurisdiction.
Design and Structural Implementation in DIGITALUNIVERSE can provide significantly different interpretive analysis, rather than traditional legacy HOMEWORLD interpretations.
In essence, a single contract in a Calypso™ logical container architecture, may itself represent an individual DAO, a decentralised autonomous organisation.
A simple concept - 40' Intermodal Shipping Containers, custom engineered for self-service storage were the original concept which launched Investors Guaranty Fund Ltd.
Segregated Containers in a "locked-in" framework represent the security structure of IGF captured in the original 1985 IGF logo.
In 1998, IGF Principals began adapting core IGF operations IT into server-based, encrypted, immutable containers designed to protect core computations and persist Reserves, Policies and other documents in individual containers. In 2003, a new form of container technology ("Calypso™") began to develop, a pioneering effort leading to modern day cloud and bare metal based IT container architecture.
begins with a decentralised network architecture upon which all PROTOCOLs operate...
More advanced than "blockchain", data and processes which change its state, reside within CalypsoCube™, in a secure encrypted framework which may synchronise with multiple mirror cubes in various locations.
Calypso Cube™ instances may be located in mobile devices, Internet of Things (IOT) devices, desktop, latptop and cloud, in essence, across your digital devices.
Alliance iii.o is designed to inter-operate as a node-based mesh infrastructure with a focus on Decentralised | Autonomous | Redundant | Persistent | Asset |Secure attributes.
Each Individual (HUMAN), ORGANISATION, INTELLIGENCE is able to connect in myriad manner, organising their activities in a flexible and highly configurable framework.
An Individual may wish to generate revenue using their personal phone as an "edge" device. A business may share their IT capacity in exchange for access to "edge" content delivery and function processing worldwide.
Long-term persistent storage, redundant transaction processing and multi-node secure digital asset and currency vaults become available for each Protocol and DAO adopting Alliance iii.o.
Your phone, tablet, laptop, desktop, watch or IOT device is an "edge" device. It can store, process, and communicate, generating Revenue for you. It can connect with n number of networks and with HUMANs, ORGANISATIONs and INTELLIGENCEs worldwide and beyond.
Alliance iii.o is designed for an individual with a mobile phone (an "edge" device) or connecting all of their devices... for ORGANISATIONs and INTELLIGENCEs as well...
The Protocols are designed for a HUMAN and for use in small local Organisations as well as large multi-nationals. Linking to OneGlobal™ is the first step to personal privacy and the ability to reclaim control over your data and your digital life.
Alliance iii.o is designed to enable parties to realise the value of their content and activities as well as paying others when appropriate. These payments are designed to be achieved through offsets with AGM.
In addition to core access protocols and gateways for HUMAN, ORGANISATION and INTELLEGENCE, various Components may be configured similar to "Lego" blocks, to create a new Protocol...
Form core team, develop concept, apply seed funding, form ISO, establish PROTOCOL SPONSOR
Define core DAO PROTOCOL, select additional DAOs for inclusion, develop currency, value, NFT and transactional allocation details and economics
Select and configure PROTOCOLs and COMPONENTS, add new requirements, integrate with applicable Community, overlay on Network and Gateway Protocols
Select and configure applicable Digital Asset types, build funding matrix, develop allocation Protocol, complete final Governance Protocol, schedule roll-out plan
Dystance™ Protocol represents underlying nodal mesh network architecture of all Protocols operating under Alliance iii.o.
The new Protocol subscribes to Dystance™ Protocol and assures a portion of revenues benefit Dystance™ Protocol.
Alliance iii.o Protocol core components operate under the Waterhouse Protocol.
Waterhouse Foundation, a non-profit foundation designed to facilitate core information technologies, was formed by Alasdair G. "Sandy" Barclay in 2001, an early pioneer in business computing.
The new Protocol subscribes to GlobalFirst Protocol for protocol registration, OneGlobal Protocol relates to identity and addressing, IPX Protocol for IP management and WikiCentre Protocol for publishing "The Authorised Version".
Waterhouse Protocol sets up registration of the Protocol with GlobalFirst™, creates core Identity, network and addressing framework, establishes links to authorised version publishing platform and connects core IP use and production framework.
Next, Pegasus Protocol establishes the core data, process and metadata schema framework.
Virtual Spectator™ Protocol provides a wide range of interactive, streaming and technologies within the nodal mesh network architecture.
The new Protocol subscribes to Virtual Spectator™ Protocol for visual, graphics, graphical processing, narrow and group casting and other communications technologies.
New Protocol assures a portion of revenues benefit Virtual Spectator™ Protocol.
DAOs | APP Infrastructure -
A
Component Network benefits from a Decentralised Autonomous Organisation
("DAO") of participants, by reducing jurisdictional situs risk, creating
a digitally enforced governance protocol and one or more means of
transacting between participants.
The APP Framework, enables an array of Component Integration when designing and implementing a new PROTOCOL.
At this point, the base Protocol components have been mapped and are now ready to add additional component integration, configurations and specialty provisions to facilitate interactions with one or more Ecosystems.
This section focuses on traditional "Infrastructure Utilities" which are evolving with "Digital Twin" technologies to enhance economic interaction, velocity of money and increase economic growth to improve local Community Quality of Life.
For particpants wishing to use this Component Digital Infrastructure Architecture of Alliance iii.o, the following information may be useful in constructing a new PROTOCOL to be available for local and/or global use.
Each type of Digital Organisation is highly configurable, designed to integrate with traditional organisations as a Digital Twin, mirror traditional types of HOMEWORLD organisations, as well as operate within DIGITALUNIVERSE based on its applicable Governance Protocol.
These ORGANISATIONs may operate with a nexus to one or more HOMEWORLD jurisdictions, or be layered on top of an "atomised" nodal mesh with no centralised nodes.
The IAC™ Marketplace Protocol represents a "bridge" from legacy institutional financial | risk | capital markets systems and operations to what comes next in DIGITALUNIVERSE and the role of "ai" in commerce, our individual activities and improving Quality of Life.
The customised section of the Protocol involves the core objectives, procedures, components, etc.
As illustrated above, our 40 years of operations in HOMEWORLD have experienced significant regulatory changes in the past decade. These legacy issues must be included in the Protocol.
In addition, it is useful to anticipate those requirements for operating in DIGITALUNIVERSE in the future, where most of continuous operations will be driven by INTELLIGENCEs.
Some of the Components are specific to IAC™ Marketplace and are thus within IAC™ ECOSYSTEM and some Components are Infrastructure Utilities used by IAC™ Marketplace Participants.
The Protocol establishes a GOVERNANCE framework for the ECOSYSTEM, its Components and Operations.
Establishing an International Sponsor Organisation
Configuration of Core IAC™ Marketplace and third-party Components
Protocol DAOs and Component Integration
Digital Assets developed for new Protocols
The IAC™ Ecosystem is defined by the IAC Protocol. Its objective is to undertake a business model which transforms IGF's historic operations into a "risk" marketplace, and evolves through DX - Digital Transformation and advanced AI. The benefits of these efforts and creation of an expanded ECOSYSTEM are primarily to be embodied in a form of token, designed as a "currency" for use within a decentralised autonomous organisation or "DAO" which relates to its participants and through various Digital Infrastructure Utilities ("DIU"), Digital Units Organisations ("DUO") and Digital Assets Organisations networks ("DAOn"). In addition, various affiliated Protocols and their related ECOSYSTEMs are embedded to establish a robust transitional ECOSYSTEM.
IAC Digital Currency Units ("iAC dcu") are at the center of participation of individuals and entities in what is being envisioned as a global risk currency. Unlike fiat currency, it is designed to be supported by IAC ECOSYSTEM revenues and assets derived in part from a percentage of Policy residuals, earnings from IGF, expansion of new IAC Cube™ instances, and use of IAC as a global risk currency. The following sections describe in more detail, the implementation regime for establishing an ECOSYSTEM under a Master Protocol, benefited by embedded Protocols and their affiliated token structures.
IAC ISO is owned by non-profit charitable | educational foundations, with no foundation holding 25% of more, thus no beneficial owners.
The Board of Directors and other governance bodies may be structured to fit the Protocol.
Revenue above expenses is allocated to Foundations.
An ISO provides an entity to operate globally with an expanding group of parties wishing to enhance the Protocol and Core Focus Objectives.
A portion of revenues may be allocated to ISO to pay for staffing, stipends, travel, conferences, educational chairs ...
IAC™ Marketplace describes an ECOSYSTEM as defined under Alliance iii.o Protocol, which sets forth fundamental principles to which The IGF System™ PROTOCOL subscribes. The IGF System™ Protocol establishes the digital governance framework of IAC™ Marketplace and incorporates the IGF Act and applicable Bermuda legislation and regulation.
IGF Core - Public Marketplace Technology | Operations Unit - IGF, its insurance, assurance, and financial guaranty insurer subsidiaries founded in 1998 (the original IAC Cube™), its wholly-owned insurance manager licensed in 1982 and it Bermuda infrastructure services unit.
There are three Policy Forms which are simply backed by cash and government obligations - very simple. Once Policy terms are agreed, the computers can simply update, pay applicable service providers and government and a claim... if and when!
FlexGIA™ is unique and a bit more complicated. In addition to cash and government securities, it can involve a wide range of "portfolio assets", some of which may be difficult to value. The issue is not our ability to pay, it is setting the next period's interest crediting rate, as well as when opportunities might exist for us to exercise market and contract options which benefit us and our policyholders.
So, years ago IGF Principals negotiated a series of transactions which gave rise to IGF and all IAC™ Insurers having access to the most advanced risk and valuation analytics technologies, which have been used every day by leading global banks.
Payments, custody, know your counterparty and other systems are a part of the IG portfolios.
The technology assets provide siginificant core ai resources to IAC™ Marketplace and are to be housed in redundant data centres in Bermuda to support n number of digital IAC™ Insurers.
Our insurance securitisation technology ingests insurance risk and premium on one side and capital | surplus on the other side, to enable an IAC™ Insurer to always be capable of paying a 100% loss on each and every Policy.
Introduction of the patented FlexGIA™ Policy in 2005 created a source of "surplus" for an IAC™ Insurer, in addition to outside investor capital.
Input conditions for each Policy and each IAC™ Insurer are designed to be immutable, subject to permitted adjustments, and routinely operate without HUMAN intervention.
The simplicity and modularity of The IGF System™ enables us to create "Risk as a Service", or "Insurer in a Node", in essence pushing out policyholder and market professional interaction to global digital networks (DAOs), which ultimately transact across "digital IAC™ Insurers", each in Bermuda.
IGF Act Companies are comprised of IGF Core units and IAC™ Insurers within an IAC Cube™.
IAC Cube™ - a replicatable hybrid of three insurance, assurance and financial guaranty legal entity insurers, each paired with a DX - Digital Twin logical compute, ai intelligence, and an IAC Cube™ DT-Quad multi-functional Quantum Gateway, designed to be "spun up" in a manner similar to a "cloud' instance.
All insurers described above operate under Investors Guaranty Fund, Ltd. (Policyholder Reserves) Act, 1991 (the IGF Act) and are collectively referred to as "IGF Act Companies", from which "IAC" was derived.
An IAC Cube™ is a hybrid of Digital Twins and IAC™ Insurer legal entities located in and operating from Bermuda. Participants in Sponsor Decentralised Autonomous Organisation ("DAO") and other DAOs may interoperate with an IAC Cube™ as permitted under IAC™ Rules and Regulations of The IGF System™.
As a part of our implementation strategy it is our objective to have our first Bermuda data centre installation operational, using the latest ai nvidia DGX and other applicable integrated POD computers.
IAC Cube™
Each IAC™ Insurer is designed to have multiple instances of discrete process, memory, storage and network resources.
Each IAC Cube™ is to include a separate administrative | configurable function node, as well as three IAC™ Insurer nodes.
IAC ISO forms the statutorily required "parent" entity to enable application of the IGF Act to each IAC™ Insurer operating within an IAC Cube™. Similar to many open source IT initiatives, IAC ISO member owners must be non-profit, charitable | educational organisations.
IAC ISO's unique design enables "protected portfolios", which eminate from the IGF Act enacted in 1991. In addition to each IAC™ Insurer within an IAC™ Cube and its gateway IAC™ API Quad, core independent operational units of IAC™ Marketplace integrate into IAC ISO framework.
In addition to IGF Core and IAC™ Insurers, several decentralised autonomous organisations ("DAO") are included within IAC™ Marketplace.
A DAO represents a group of participants, some HUMAN, some non-natural legal entities and many digital nodes located around the world.
IAC Digital Monetary Reserve - Similar to recently emerging digital assets | currency | DAO organisational structures providing DeFi, digital infrastructure services and a wide array of emerging and disruptive technology platforms, IAC™ Marketplace includes a form of private digital currency operated under the auspices of IAC™ Digital Monetary Reserve, an independently governed organisation designed to administer this new form of "private currency", a "Reserved Currency" using The IGF System™ statutory Reserves structure to protect and maintain assets supporting IAC digital currency units.
IAC digital currency units may be issued by IAC Currency Reserve and IAC Cube™ IGA-Type IAC™ Insurers, subject to oversight of IAC Currency Reserve Board of Governors, implemented by IAC Market Operations, and subject to IAC™ Rules and Regulations of The IGF System™.
As envisioned, parties acquiring IAC digital currency units ("dcu") globally become part of the IAC currency decentralised autonomous organisation.
IAC digital currency PROTOCOL is designed to be backed by traditional fiat currencies acquired through purchases of IAC dcu for premium, claims and IAC™ Ecosystem fee payments. Policy issuance may be denominated in IAC and dual currency.
A portion of Policy residual interests from IAC™ Insurers are to be allocated to IAC global currency reserves, as well as proceeds of investments of IAC currency reserves in IAC™ Insurer reserves.
IAC currency reserves represent an additional source of surplus to back Policy issuance activities across IAC™ Marketplace.
IAC global currency reserves are to be held under statutory protections of Investors Guaranty Fund, Ltd. (Policyholder Reserves) Act, 1991.
IAC are designed to be transferrable on a peer to peer basis and across participant network systems, subject to applicable know your counterparty and other regulatory requirements.
IAC Market Intelligence, an independent organisation, through its affiliate, aiNumerics has been an analytics partner of IGF Core for more than two decades. Under the transition to IAC™ Marketplace, IAC Market Intelligence integration is to include APIs into IAC ISO framework connecting IAC Currency Reserve, IGF Core, IAC Cube™ instances, and IAC™ Society.
This component unit is to provide a full range of analytics and Protocol based ai services related to underlying asset support and Currency issuance activities. IAC Cube™ instances are to provide core underlying risk factors data, to be combined with core RCP technologies from IGF, to facilitate IAC™ Marketplace Intelligence for use by IAC Market Operations.
IAC DAO Connect - IAC™ Marketplace includes a separate interface in IAC ISO for DAO participants connecting into the Ecosystem. Each DA0 has separate routing and APIs for any DAO connection to IAC™ Marketplace.
WHAT IS A DECENTRALISED AUTONOMOUS ORGANISATION?
A Decentralised Autonomous Organisatio
n ("DAO") may be viewed as a group of HUMANs, natural legal persons, non-natural legal persons (often referred to as juridical persons) and/or, with the recognition of robots by UAE and digital intelligences by other countries, i.e. INTELLIGENCEs. It may also include digital nodes and other types of tangible and intangible assets.
Decentralised indicates the network has no "central" point. Further, a DAO is autonomous. In essence, it has a set of governance conditions, similar to bye-laws of a company, which cannot be changed without participants within a DAO agreeing to effect such alterations. Finally, it has the broadest definition of "organisation", if essence, a method of assembling discrete elements, rather than a fictitious legal person.
Well, that's one definition! With more than 18,000 "digital currency" protocols, let alone n number of digital assets, use tokens, non-fungible tokens, etc., there are similarities, there are n differences between DAOs.
The above might be descriptions written by non-technical parties. When we peer deeper into actual technology implementation, differences become more plentiful and impactful. For example, existence of a server node, might give rise to a central point, thereby creating a "jurisdictional" nexus of a DAO, subjecting it and/or its participants to the laws of a particular jurisdiction, if not multiple jurisdictions.
A serverless network properly constructed of adhoc nodes with atomised processing, memory, storage, and network interaction with "edge" devices and logical containers, may enable a compelling argument that such DAO is ajurisdictional, i.e. without physical jurisdiction, or its jurisdictional attributes are solely within its own governance, consensus and sovereignty.
For example, one might argue that a DAO comprised solely of HUMANs under UN Declaration of HUMAN Rights, might be considered a sovereign DAO. Such ORGANISATION might include in its GOVERNANCE PROTOCOL ("Constitution") a means of voting consensus to alter the parameters of interaction between the HUMAN participants of the DAO.
This new approach is not without governance, consensus and voting requirements within the DAO.
The design of a DAO and its "bridge" or "connection" points becomes particularly important. Fortunantely, centuries of precedence provide guidance, for example, "free trade zones", "ports", and "agents".
JURIDICAL DAOs
Recently various US States, including Wyoming, and other jurisdictions have created juridical recognition of DAOs which file within their jurisdiction. While these might be useful, one can argue they are not then "decentralised" or "autonomous". Arguably, the DAO and its participants may come under the laws of the specific jurisdiction.
CURRENCY DAOs
Jurisdictions such as Wyoming USA, have enabled exceptions to money transfer regulations for digital currency which is registered in their jurisdiction.
In recent years, non-legal technologists and even lawmakers have simply included defintions of "crypto-currency" "protocol" and "decentralised autonomous organisation" or "DAO" on a combined basis within a structured arrangement ("sometimes referred to as a Protocol"), even including them into new laws passed in various jurisdictions. The net impact may bring in Protocol, DAO, Participants and Currency into a state jurisdiction, and a federal jurisdiction.
Rather than creating a Currency DAO, elements of a Currency may be better defined in a PROTOCOL, with elements of Currency movement and exchange integrated between a transport DAO and a DAO establishing relationships between parties.
JURISDICTION AS A SERVICE
This concept is different than "Government as a Service". Using a Component in a particular jurisdiction may give rise to a range of benefits and use cases.
Hence, establishing a "bridge" between various types of DAO and Components can be particularly useful. Design of a PROTOCOL, with DAOs, Currency and Digital Assets, as well as Component architecture involves more than techonologists, but rather a multi-disciplinary and multi-jurisdictional team.
My DATA is My DATA ?
Alliance iii.o begins with the HUMAN, then ORGANISATION which may include HUMAN and INTELLIGENCE. Addition of Waterhouse Protocol establishes identity of the foregoing, assignment of unique addresses and publication of authorised version of "known counterparty", as determined by counterparty.
Alliance iii.o is designed to facilitate identity of intellectual property and intangible assets ("IP|IA") and apply applicable property rights.
DAOs may facilitate immutable Terms of Service for use of Data and Other IP|IA, unlike current practice which enables data distributors rights to change Terms at will.
In keeping with international treaties related to Intellectual Property rights, defining data and creative works as property of the HUMAN who created it, establishes a different contractual framework for use of such content.
The model creates an author, publisher, user relationship controlled by the owner or assignee.
ELEMENTS AND ATTRIBUTES
It is important to separate these concepts, as has been the practice in law for millenia. For example, a DAO might refer strictly to methods and means of transport, storage, security, access, etc. The adhoc nature of both tangible and intangible assets within such a continously coalescing relational mesh may itself sustain sufficient but microsecond permanence of atomised digital particles on a singular pseudo-random and now true Quantum random pathway, never to be repeated. How can a "country" exert its "jurisdiction".
Each endpoint, among myriad ending and beginning points, is simply a receiver or a "digital firing mechanism" of a "packet" whose message is unintelligible".
A DAO relating to HUMAN, ORGANISATION and INTELLIGENCE, designed to facilitate and accommodate myrid elements and attributes which are synergistic when used with a transport DAO, may be useful for highly sensitive activities and for parties who value privacy and security.
Generally, these concepts are well understood in international trade, conveyance, transfer of ownership and other such concepts, and may be easily overlain within information technologies, but rarely are subject matter experts of such archaic concepts in law, invited into the development teams of modern IT. Neither are newer concepts, such a "STAR" Issues, i.e. Security (Securities), Tax, Accounting and Regulatory.
Alliance iii.o incorporates more than 40 years on contextual information technologies, where juridiction matters, how something is built and how it does something may be more important than what it does.
US based Infrastructure Services - Role participants may find acting as an Underwriting Member for IAC™ Marketplace, IAC™ Insurers and participating SPRS Insurers an opportunity to assist their local Communities through their regional Port Authority Opportunity Zone IAC Cube™.
Non-US Underwriting Members may benefit from operating their Underwriting Member activities through a BridgeBanc™ Directed Portfoliio Facility with digital infrastructure provided by an O|Zone™ Infrastructure Business provider.
IGF Principals and O|Zone™ ISO participants have developed a framework Community Initiative, initially to be prototyped in the United States.
The infrastructure involves a Port Authority Opportunity Zone ("PAOZ"), comprised of Governmental Authorities in a 10+|- county | parish geographic area. Each PAOZ is to have an IAC Cube™ and other components which facilitate municipal bond financing, digital assets activities, economic development and a range of new Initiatives.
Under the plan, an estimated 330 PAOZ are to be established, hence 330 IAC Cube™, or nearly 1,000 IAC™ Insurers.
Qualified Opportunity Zones within a PAOZ are subject to a range of tax incentives and other benefits.
O|Zone™ PAOZ ISO is to be the Sponsor of each IAC Cube™ licensed under Port Authority Opportunity Zone™ Initiative.
The O|Zone™ Infrastructure Business Role is designed to provide equipment, software and other intangible assets in Digital Medallion P3 business arrangements.
An O|Zone™ Infrastructure Business participant benefits from bonus depreciation on computer equipment, software and other intangible assets designed to facilitate global Underwriting Member infrastructure for assuming risk on IAC™ Marketplace.
One or more IAC Cube™ may facilitate debt warehouse facility operations for O|Zone™ Infrastructure Business Owners, who benefit from various tax incentives.
Individuals underwriting insurance known as "Lloyd's Names" have been known globally for centuries.
The concepts of Underwriting Members and implementation of one or DAOs combine an old concept and new technologies, to create the potential for globally robust organisations whose members individually access risk exposures to underwrite and assume.
The opportunity to diversify across extraordinarily large numbers of participants, individually creating portfolios of risks, based on individual preferences and risk tolerance.
As a new perspective, the technologies applicable to digital assets, enable small amounts to be risked by millions of participants... for example, large numbers of people buying small lottery tickets.
An Underwriting Member assuming levels of single risk exposure acceptable to them to take a total loss, across large numbers of participants, are expected to provide substantial funding of higher levels of risk exposure which generate proportionately larger amounts of premium.
The ability of these Underwriting Members to benefit from decimalisation of these risks, is designed to further enable these risks to generate even higher premiums with more diversification.
The unique design of IAC Currency as a global risk currency enables an opportunity to create a "risk ecosystem" transacting in IAC Currency.
IAC Currency Reserve is proposed to provide transactional capital and surplus to IAC Cube™ IAC™ Insurers to add new forms of risk profiles within assets supporting IAC Currency.
Smaller amounts of widely diversified types of risk ("MicroRisk") may be further facilitated through IAC Currency converted to AGM currency for micropayments and risks in Digital Assets | Currencies.
Integration of Underwriting Members combined with IAC and AGM currencies may expand global markets for types of bespoke and intractable risk solutions which may be transacted across IAC Cube™ instances.
IAC Society™, an independent organisation, structured as a DAO, which connects into an IAC™ Marketplace interface through IAC ISO.
IAC™ Society has been designed as a membership based organisation of
individuals and small teams with a core focus on innovation, expansion
and assuring safety, soundness and fidelity of IAC™ Marketplace, its
IAC™ Insurers and IAC™ Marketplace Participants who associate and transact
global risk transfer and mitigation.
In addition to their protective and
educational roles, IAC™ Society has a primary focus of maintaining HUMAN relationships, as well as maintenance
and enhancement of mutual trust between individuals and groups.
A Trusted DAO - IAC™ Society is designed to facilitate expansion of IAC™ Marketplace
Participants and Sponsors of IAC Cubes™ and their activities.
IAC™ Marketplace is designed as a "logical compute" platform evolving to ai Intelligences enabled digital infrastructure with limited HUMAN interface and operations over the next decade.
Each Component within IAC™ Marketplace is a core group of technologies and HUMAN resources. Their respective incentives are focused on optimising the specific Component. For example, management of IGF will be incentived to enhance IGF shareholder value and liquidity.
As an independent organisation, IAC Currency Reserve and its Board of Governors are designed to focus on IAC Currency, increasing its Reserve Assets, expanding its use, creating liquidity and new uses within IAC Ecosystem and undertaking actions to increase its value.
Management of other IAC™ Marketplace Components are incented to optimise the particular functions of their Component.
A focus of DX - Digital Transformation is evolving operations to digital ai enabled interaction, with HUMAN activities escalated to more senior positions, creating additional and higher paying jobs within Bermuda.
As artificial Intelligences become more prolific, we believe it it important to maintain a core group of contactable HUMAN participants with a focus on innovation and the best interests of IAC™ Marketplace and its participants and, by design, that group is the DAO - IAC Society™ and its members.
IAC™ Marketplace participants are currently engaged in establishing initial prototype Sponsor Groups ("ISO"), IAC Cube™ | IAC™ Insurers and projects related to:
i) increasing Bank capital and creating new services,
ii) expanding Insurance Company surplus,
iii) funding medical facilities and equipment as well as reprocessing denied Medicare claims,
iv) restructuring hospitality debt, and
v) developing myriad Opportunities under international O|Zone™ private | public | partnerships P3 and Community framework.
The following information is illustrative only and not a projection or forecast, it demonstrates various rationale for organising IAC™ Marketplace as the Marketplace technology service group - IGF and individual IAC™ Insurer as discrete, purpose specific IAC Cube™ units.
For example, the O|Zone™ PAOZ Initiative being initially rolled out in the United States, focuses on establishing 330 Port Authority Opportunity Zones, each with an IAC Cube™ to support bespoke and intractable risk exposures within these 10+ county geographic regions.
Jazz Hospitality™ Initiative focuses on remediation of hospitality and commercial real estate properties and defaulted loans as a result of the COVID pandemic.
The impact of COVID on insurance companies is a primary driver of Insynge™ PAR+™ Surplus Note Program for Insurance Companies, designed to increase regulatory surplus ratios and provide bespoke indemnity coverages for abnormal loss development exposures linked to COVID related insurance loss reserve conditions.
Various Opportunities have recently become available to apply IAC™ Marketplace and other Alliance iii.o technology components in facillitating additional subordinated regulatory capital for US Community Banks as well as increasing their service revenue and providing additional risk mitigation, as well as an array of recently approved traditional and new services under the "Volcker Rule" amendment.
In the energy sector, recent events have opened opportunities for risk mitigation and use of other technologies within Alliance iiil.o, including O|Zone™ RLDC Inititiative.
Of significant focus is a project associated with medicare denied claims recoveries and other medical related activities, designed to incorporate FlexGIA™ to fund a special situations portfolio - a debt warehouse for factoring medical receivables and funding medical equipment and facilities.
These FlexGIA™ funded Initiatives involve formation of IAC Cube™ instances primarily for use of their applicable IGA Type IAC™ Insurer, for issuance of FlexGIA™ as a primary funding source for these ISO related Initiatives.
Given the proposed FlexGIA™ configurations, it is expected these Policies can be undertaken manually until digital assets systems are fully operatonal within the coming months.
As a part of our implementation strategy, IGF Principals have identified a series of Opportunities for which the IAC™ Marketplace may be useful.
Historically, IGF Principals provided each of the primary transactional activities which were part of building the risk platform and its prototyping.
With the introduction and inclusion of the Investors Guaranty™ portfolio capabilities into The IGF System 5.0, the aforementioned projects represent the first production phase, in which IGF Principals are partnering with third-parties through the IAC™ Marketplace model originally envisioned in the global insurance securitisation patents.
