Why, What, and How?
Our planet is in crisis. The only way to save it is by changing the underlying flawed 15th-century business model driving it. Foundup does this by introducing a new business model built on a tokenized world.
Every crisis facing our planet from climate change, deforestation, the collapse of fisheries to dead zones, and pollution of our oceans can be linked to our inherently flawed, 15th-century business model (capitalism 1.0). It treats our planet as an infinite object by demanding perpetual growth.
Ideas become corporations that fund Wall Street and corrupt our politics with special interest groups creating the Wealth and Power Cycle. Unless we change our business model we risk losing everything. The modern blockchain was envisioned by UnDaoDu and engineered by a 19-year old to allow us to explore new modern business model alternatives.
The blockchain was invented in the 1980s and was used to usher in Bitcoin in 2009 and used as the underlying technology launched Ethereum in 2014.
Open !nnovation Framework
Placed in the Creative Commons April 11, 2012, as Attribution- NonCommercial-NoDervis 2.1 Japan License and used to create Bitclout.
Because of the blockchain, we can now Imagine a world of tokenized decentralized, AI-managed beneficial DAOs that are own by their stakeholders -- their consumers, collaborators, and creators. Whose valuation is driven by measuring their intangible benefits on our planet, its living systems, and in sharing with others by funding UBI, free education services and free healthcare for all.
Welcome to social beneficial Capitalism 3.0 paradigm. A new 21st-century business model managed by AI-managed smart contracts will arise from a global network of Decentralized Autonomous Nonprofit Organizations (DANOs) that invests up to 100% of its net profits back to the blockchains for launching more foundups.
A layered Open Tokenization Ecosystem platform called Foundups for launching tokenized ideas backed by UPS tokens. Some of the ideas will level up and become nonprofit DAOs called Decentralized Autonomous Nonprofit Organizations (DANOs) that reinvest 100% of their net profits autonomously back into launching more foundups.
Imagine anyone able to tokenize anything? Some of these tokens behave like bitcoin. Scare and finite. Others behave like NFTs. Some of these tokens will become Foundups -- open tokenized decentralized startups on any blockchain that level up and become DANOs that launch and fund more foundups that level-up and become DANOs. Eventually replacing the corporation.
Join our open community www.foundups.org
UnDaoDu with his Gifted Engineer
Devcon2 Shanghai 2016
Open Innovation Framework Engineer