In the crypto industry, a white paper explains in simple terms a problem that is solved through a theoretical crypto coin, with the most famous of it being the Bitcoin white paper.
The yellow paper seeks to explain things in a more technical way, usually having developers as their target audience.
The beige paper is a re-write of the yellow paper, aimed at non-techie users who are also interested in the technical functionality of the crypto project.
So, then, what is a purple paper?
Well, the meaning I give it to it, is, that a purple paper is a coin/blockchain that only exists as a dream.
Although in the past I have already tossed around theoretical blockchains or coins, I think that if I put them under one single category/ keyword "purple papers" I can make them more searchable for my readers, and also (perhaps) improve upon the ideas.
So, without further ado, let's get to it
Inventcoin, What's the Idea?
Simple, create a blockchain with its own token in which inventors get rewarded when they submit any actionable invention, with the drawings, instructions, technical specifications, and similar research and development. This input will reward the inventor and will continue to reward him/her if the paper is cited or any sort of engagement is done upon the invention, like experiments done on the invention, etc
Also, it would be a must that all the inventions submitted become part of the public domain definitively.
Incentivized collaboration
If translations of the paper are made by a community member, the person gets a reward, similarly if a non-techie user writes an article about an invention, etc
If the invention is materialized by anyone, including a third party, an NFT of the final prototype is sold to add funds to the community.
If a third party proves an invention to be a success, the community (through a DAO) can create a competitor.
Structure of the DAO
The DAO will coordinate the rewards programs, with each member having a vote and able to influence the payments of inventors.
The DAO will also control companies in the real world, that could have high end laboratories and similar facilities necessary to conduct research and development, giving access to anyone interested as long as they pay the fee set by the DAO.
The DAO will also accept donations in multiple chains, and direct those funds based on the input of the DAO members, for instance, buying patents on the open market in order to liberate that knowledge on the public domain.
Possible benefits
Since the rewards would be done based on the quality of the input, and the DAO is incentivized to pursue inventions that create more resources to the DAO, this, at least in theory, could cause that brilliant researchers are not wasted just due to office politics or extra-academic drama.
Since the whole system is based on crypto, a pseudonymous identity for each researcher could ensure more freedom of scientific expression than before.
What do you think of my brief purple paper? let me know in the comments down below.
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