As Bitcoin finds its way into mainstream culture and blockchain technology spreads throughout traditional
technology platforms, there is exponential interest coming into the space from developers to venture capital firms.
In the last few years, blockchain technology has seen an enormous increase in attention and development.
As this innovation space continues to grow, more and more projects will need initial funding to take a
proof-of-concept to a production phase. Infrastructure development is currently being built out, such as payment
gateways which are capturing most of the venture capital. Service applications will soon be in demand that will
take advantage of this infrastructure. This next phase of development will be small projects that are not be able
to secure VC funding, let alone large institutional funding. This small business framework defined in title III of the
JOBS Act allowing smaller ventures the ability to solicit funding from the general public, will be how most start-ups
will be able to take their ideas from concept to beta. Our ambition is to provide blockchain related projects an easy,
secure, and efficient way to source development funding from their community of supporters.
Services Crowdfunding CampaignsBlockTrust will host Crowdfunding Campaigns of varying types for interested parties. In order for a Campaign
to be hosted, the developers of the project will need to have their code audited and fulfill the personal
authentication process requirements, which will provide assurance to future supporters on the legitimacy of the
project. Contributions will be stored in a multi-sig wallet and will be released according to the milestone distribution
model defined.
Campaign Types:
Unique Blockchain Campaign
Established Blockchain Campaign
Established No-Token
Share Platform
Affiliated
Donation
Charity
BlockTrust Certification ServiceBlockTrust Certification is a validation process, where by interested parties with blockchain related projects comply
with several steps to confirm the identity of the owners and/or developers of the project, while also reviewing the
integrity of the code. Projects that satisfy our validation process will receive a BlockTrust Certificate, verifying the
integrity of the project.
Personal AuthenticationPersonal Authentication is a verification process, which will provide proof of a developers and/or development teams’
identity. The authentication will have no rating system, while every developer will complete the same process to meet
approval standards. This ensures that developers provide accurate and truthful information.
Authentication process:
Email Address/Facebook/LinkedIn
Telephone number
Official Government Identification
Notarized Verification Form
Repository access verification
Interview with the developer
All essential information on the project and it’s developers will be notarized through the ClearingHouse protocol
on the Viacoin blockchain. All developers that have direct access to the project repository must complete the
authentication process.
Code ReviewThe blockchain codebase is the core element that controls a large number of its features. BlockTrust believes it
is critical that a code of a future currency is extensively reviewed, as well as the wallet along with any features.
BlockTrust requires that notable issues are fixed prior to the launch of the Campaign. Code reviews on each project
will be posted in extensive articles on the project's featured Crowdfund page.
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