The Importance of Business Information
The business information industry is worth $800 billion and is used by companies of all sizes and industries for marketing, sales, compliance, and other strategic business functions.
Traditional Approach to Collecting Business Information
In the past, the collection of business information was outsourced to large credit and information bureaus who acted as central trusted third parties and stewards of all business information. However, the information they collected was focused on financial events, not current and did not represent critical operational performance.
The Role of Centralized Organizations
Today, a select number of large companies such as Dun and Bradstreet, Experian, and Equifax control most business information. However, these centralized organizations control the information they don't produce, disincentivize higher quality information, and the information they provide is limited in scope and depth.
The Future of Business Information: Trust Exchange
Trust Exchange is an information network that enables organizations to connect, collaborate, and exchange mission-critical information largely used in highly regulated industries such as banking, pharma, and government. The platform has over 40,000 users monitoring 100,000 companies and envisions enhancing the Trust Exchange network with a blockchain agnostic protocol and token used to incentivize a multi-sided marketplace between organizations, information creators, information validators, and data consumers.
Benefits of the Trust Exchange Platform
The new platform would enable organizations to create their own collaborative network, establish monitoring procedures and policies, and incentivize the creation and validation of various forms of information utilizing a token and sealing these transactions into an immutable blockchain layer. The new Trust Exchange platform would have a wide variety of applications across industries and would be the first network effect platform of its kind. By implementing the token-driven system outlined here, organizations can create a decentralized, crowd-powered system that is infinitely more effective, lower cost and more flexible.
Tokenized Digital Certificates
Trust Exchange will issue and sell Tokenized Digital Certificates (NFTs) which will entitle the holder to several benefits. First, in order to earn contributor rewards, you must purchase and hold either a Curator or Validator Certificate. Second, the daily contribution rewards will be distributed based on which Digital Certificate is held by each user. In the near future, Custom Digital Certificates will be issued by Trust Exchange customers (banks, cities, non-profits, etc.) which will entitle the holder to additional rewards and bonuses.
Founder Series Curator Certificate Sale
Trust Exchange will sell its first series of Digital Certificates beginning on March 1. This "Founder" series will be a limited edition that will entitle the holder to earn rewards through the 2023 calendar year and an additional "Founders Bonus" which will be delivered to each holder's wallet for the life of the project. Thereafter, each annual issue of Digital Certificates will expire at the end of each calendar year.
The first Digital Certificate Sale will commence on Mar 1, 2023, and will include the Founder Series of Curator Certificates with the Validator Certificate sale to occur shortly thereafter. Rewards will accumulate immediately upon purchase.
Features and Benefits of Founder Series Curator Certificate
If you would like to learn more, you can join our Discord Server
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