metadata: {"type": "project", "title": "Delegate", "logoImg": "bafkreiex47jzifycwbvsdmzlnkop5gfv6tvqozp5zjfhn4olhg72jdrcb4", "website": "https://www.delegate.global", "bannerImg": "bafkreiduxdoonesv6dvnhd52mllhmu5s6trpollhnpcdllkowke5uig3iy", "createdAt": 1692092666782, "credentials": {}, "description": "\u201cDelegate\u201d is providing a decentralized way of concluding contracts, and functions as a repository and environment where legally and financially significant information about relationships and connections is securely stored.\n\nIt\u2019s a new way to think about contracts - as they are quick to sign, easy to change and manage and indeed understandable for non-lawyers.\n\n...What is a Delegate?\n\nDelegate is a bridge layer between Web3 and the default world. Delegate makes digital wallets into turnkey legal solutions by the access management of clients' information, the conclusion of contracts of trust, representation, and the provision of nominee services.\n\nWe used to store all that we treasure in our wallets (we are talking about ordinary wallets): banking cards, driver licenses, important visit cards, some family photos etc. Today, a crypto wallet is basically a store of cryptocurrencies. But Delegate turns the concept of the wallet into a real values management point storage of non-financial digital assets: contracts, ownership titles, intellectual property.\n\nDelegate optimizes solutions to queries such as tax and legal advice from relevant professionals worldwide.\n\nOur idea is to do the same thing to a crypto wallet as smartphones did to mobile phones. Crypto wallet will become a remote control for legal relations. Signing and storing contracts, performing legal actions only and exclusively with a wallet.\n\nEpochs of Delegate\n\nDelegate is a universe providing a decentralized way of concluding contracts, and functions as a repository and environment where legally and financially significant information about relationships and connections is securely stored.\n\nThe Delegate consists of three components called epochs.\n\nThe Epoch of New Contracts\n\nOld multipage contracts that users do not read should not guide a new world of the web3.\u00a0Delegate will change the default attitude toward contracts. We assume that a contract is not just an ordinary amount of text put on paper and signed or sealed by the parties. In this epoch, we plan to power contracts to work and be as operable as digital codes. We combine user-friendly text with code, creating a new form that we call liveContract. We will make interactive contracts, allowing clients to directly ask questions when entering a contract and instantly receive answers to the questions related to any contract provision. The Delegate presents the codified contracts \u2014 a mixture of classic contracts, contract reading bots and smart contracts.\n\nThese liveContracts act as little pieces of software moving us from accumulating a dead weight of paper. They live in parallel with us on the Next Web. You can communicate with them; they will remind you of the terms and conditions, the time for performing specific actions, etc.\n\nThe Epoch of Taxation\n\nDelegate will provide the ability to enter or conclude contracts within the network and be immediately informed of any tax implications related to a specific contract. This information includes the tax regulation of virtual assets, transactions, and mining in different jurisdictions, the date of tax liability for a particular type of business and legal structure, and recommendations regarding mitigating the tax burden.\n\nThe Epoch of Legal titles\n\nCryptocurrencies are not the most valuable thing most people own. Our contracts that picture our relations and title rights for our assets is the thing we keep in our safes. On this stage Delegate will provide services regarding the incorporation of companies with ensure support and facilitation for choosing and determining the proper jurisdiction, the legal form of the company, and the qualified and experienced management personnel. Therefore, we want to change the approach to the traditional way of establishing legal entities and eliminate the main current problems for every entrepreneur, like the waste of energy, emotions, and money, by accurately determining the client's needs and demands by coordinating each element within the Delegate network. Clients will be able to store and manage their business through crypto wallet.\n\nThe Epoch of arbitrage\n\nWe think about the court as a service. And for liveContracts we will build up a network of arbitrages in different jurisdictions. This will conclude legal lifetime of any relations people have in their life. You conclude, perform and dispute about the contract directly through the wallet.\n\nFundamentals\n\nNode-Validators\n\nNode-validators are represented exclusively by high-level professional advocates, lawyers, notaries, and compliance officers who receive, verify and store the personal information of clients on a legal basis. Node-validators interact with each other to guarantee smooth and effective solutions and provide a sense of credibility and legitimacy for every action taken.\n\nData Storage\n\nAll the verified and received information is contained in a strongly protected data storage. The Delegate does not possess access to the data storage. In contrast, it is limited to competent node-validators who can retrieve the necessary information concerning the ID to estimate and review a particular query and find a proper solution on a case-by-case basis.\n\nData storage can further advance privacy and safety by preventing linkability across disclosures, reducing the amount of data disclosed, and in some cases removing the need to expose raw data values.\n\nDecentralized Identifier\n\nThe subject of relations within the Delegate network will be a decentralized alphanumeric ID linked to a client. The ID enables the existence of a verifiable and decentralized digital identity and provides the tool required to create complex data preserving the core simplicity. We establish context-specific interactions and provide identifiers containing information about the individual in question.\n\nKYC and Verification\n\nEach Delegate network participant is subject to KYC and verification processes. This approach enables a comprehensive client identification by a node-validator to facilitate further client interactions and relieve him or her from unnecessary and time-consuming treatment.\n\nAfter sufficient verification, the existence of a decentralized identity becomes a reality.\n\nThe ID includes various information and provides effective chains of proof containing objective facts about the identity. Competent node-validators worldwide will use the verified IDs associated with the identity to solve a particular request \u2014 business, legal, and tax queries estimating the necessary actions for every demand.\n\nOperational system\n\nWe divide the operational components into two main stages.\n\n1. The first stage is devoted to verifying a client and storing received information in the data storage.\n\nWhen the client sufficiently verifies his or her data, he or she will be represented by the ID, an avatar of a particular individual. Verified information consists of personal, reputational, and other data that is securely accumulated and stored in the data storage.\n\n1. The second stage devoted to the query submission process consists of three substages.\n\n2.1. The first substage covers the beginning of a query submission process.\n\nThe client can submit the query related to specific demands, and the query becomes the subject of review by a competent node-validator specializing in specified issues. The node-validator gains access to verified information of a referred ID from the data storage only after submitting the query. The node-validator also receives information about the past verification process and based on the principle of partnership relations, fully trusts the data verified by another node-validator, whereas all node-validators are respective professionals.\n\n2.2. The second substage is related to the content of the submitted query.\n\nDelegate offers a diverse range of options for the IDs since we facilitate not only the company incorporation processes but advise on numerous issues, including but not limited to a choice of proper suitable jurisdiction, taxation, and company structures.\n\nThe node-validator estimates, reviews, and finds a proper solution for the submitted query. Proceeding from the content of the query, the node-validator can make a wide range of actions, from a simple report to concluding a trust or representative agreement online and incorporation of a company.\n\n2.3. The third substage is a finalization of a query submission process.\n\nDepending on the content of a particular query, the node-validator registers a company (performs the query) on behalf of the ID and becomes a nominee director, or, in the case of multiple node-validators, a few nominee directors can be presented.\n\nSummary\n\nThe Delegate will cover legal needs of Web3 by changing the way how legal issues should be treated.", "logoImgData": {}, "bannerImgData": {}}
name: Delegate