Project Qaori

Since Augmented Leadership, what is new? Augmented Economy!

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Since Augmented Leadership, what is new? Resilient Economy!

Genesis

Moving to Thailand has triggered some unexpected enrichment to my world views.

The Augmented Leadership governance framework was the product of the European, Japanese, and American environment and challenges. Working in global European and IT programs taught me about the weaknesses of the old and rich organizations, and I was looking for solutions to improve methodologies in mature environments, operated by highly educated people.

I would not change anything in AL, it’s perfect for what is was invented for. AL will be the foundation of a necessary renewal, new generations, creating work environments to increase the feminine component in the stiff competitive masculine toxic or soft environments, lacking competency in decision-making.

The innovative laziness and weakness of vision and strategy can only be countered by an increased influence of feminine youth. 

What I observe in South East Asia is very different from the old Western World, the challenges are primarily economic.

My views have integrated this additional factor, and I am currently working on the triangle of governance, economy, and data.

It seems to me that these three need to work in harmony to speed up the pace of development that is needed to counter the global challenges of civilization.

This reflection gave birth to the concept and framework of Resilient Economy.

Resilient Economy Principles out of Augmented Leadership

The principles of an Resilient Economy are similar to those of Augmented Governance or Leadership: decentralization, autonomy, competency-based. 

  1. Economic Decentralization

Decentralization refers to the process by which the activities of an organization, particularly those regarding decision-making, are distributed or delegated away from a central, authoritative jurisdiction or legal entity. 

Transfer of authority for economic decision-making and financial responsibility to subnational levels of government or to non-governmental sectors. From a technology point-of-view, the use of the Blockchain is by definition decentralized.

  1. Economic Autonomy

In a Resilient Economy, the actors operate or act independently, without external control or intervention of governments or banks. The organization is a “Decentralized Autonomous Organization” (DAO), by rules determined by an internal governance, not controlled by majority shareholders or by a central government.

When used together, “decentralized and autonomous” often describe systems or entities that both operate without a central authority and can function independently of external control. This combination has powerful implications for transparency, resilience, sustainability, and control. These new forms of governance still need to be matured.

  1. Competency-based Economy

From Augmented Leadership, we remember that when competency and governance need to work hand in hand. The same applies in economy. In Resilient Economy, governance includes rules of consultation of minority stakeholders and experts.

Why a Resilient Economy?

Problems have to be solved from new standpoints, rather than with the mindset that created them, says A. Einstein. Such new standpoints are developed here. We have more technology and low-cost solutions in our toolboxes.

What is going wrong in economy? 

It is not sustainable, not resilient in case of crisis, and the balance of power and wealth within populations is off.

It is a fact that globally, the rich and poor populations diverge in number and in wealth. The main reason for the increasing gap between rich and poor is predator capitalism. Capitalism is based on concentration of capital for big projects, not a bad idea as such. 

The issue starts when the projects are not projects any more but just finance. The project of money is just more money, not more value. Money has developed a proper dynamic, and it erased the purpose of serving the economy in that process. Banks have centralized the wealth and serve the purpose of money, not the purpose of a developing economy. Governance and finance have merged. Governments are tightly interwoven with these leaders of the economy. Everything is driven by speculation, especially the money itself. Cryptocurrencies have only exacerbated speculation with ultra-volatility, making them useless for the large economy. Central Bank cryptocurrencies are pegged by the national currency, and will not change anything in the game, they are just a more convenient and better controllable way to move money, applying the same sovereignty principles. 

Currencies are subject to “quantity ease” which is a way to call printing of money without counter value, not backed by increasing economy or commodities, like gold. Central Bank crypto coins will not escape the rule.

The consequences are bubbles, which is a nicer way to call excessive speculation instead of Ponzi Schemes.

Ponzi Schemes will not develop the general economy, but work in the pockets of the few.

Speculation vs. Investment

Investment and capitalism were a product of the 16th century in the Netherlands, where people put money together to build high-tech ships. That is roughly 500 years of history.  In the 18th century, the steam engine brought capitalism to a whole new level. 

But these were investments in projects, not in money. Money became an object of speculation in the late 19th century, driven by another new technology, the Ticker machine and all the new electrical communication channels. It is roughly 130 years since finance started to get wild and disconnected from the World of entrepreneurs. Governments have deregulated the financial business since the 80ies (Nixon, Reagan, Thatcher, etc.), disconnected from the gold, allowed nested products (derivatives). All that led to the 2008 financial crises, also known as Lehman crisis. 

The Future of Finance

We all know that things have not changed since, but gone worse. Crazy public debt levels and inconsiderate printing of quantities of currencies around the world. Nobody doubts about the inevitable outcome, not if, just when. People will suffer, not all of us, but the many.

Resilient Economy

Resilient Economy is part of the foundation triangle of any civilization:

Economy – Governance – Data

A modern and more elegant way to call: Money, Power, Knowledge. These three principles work together, and none can exist on its own. We have written about decision-making and governance, which is the power part and the importance of sovereignty of data does not need any more explication, latest after the revelations around Facebook/Cambridge Analytics.

When we combine decentralization, autonomy, and economy, we achieve a resilient economy, just as when we combine data and visual to augmented reality.

Resilient Economy Program

We are not going to explain how traders or other “1% people” use data to maximize profits, we are considering the Economy as a whole. We want to develop the social aspects, the economy of the 99% of the population, and how they can profit from an “augmentation”. The final part is an innovative solution proposal and a possible program plan.

King Rama IX and the Social Enterprise of Thailand

King Rama lX of Thailand, who fathered the concept of Sufficient Economy in the early 20th century, laid the foundation of a sustainable economy, bringing slow but steady development to the many.

The visionary King also created the legal framework of Social Enterprise, which is a company that reinvests profits in the next development project of the society, instead of paying out dividend to shareholders.

The Social Enterprise is different from a charity because it is auto financing the current and future operations.

It is different from a classic profit-oriented enterprise because the investors or shareholders cannot expect taking out profits for themselves. It is though a profit-oriented business, just the destination of the profit is aimed at social development.

Under Thailand jurisdiction, a Social Enterprise (SE) benefits from a special tax status in return of the social engagement, exemption from VAT, Special Business Tax, Social Contribution for employees, and a few more perks. But the important aspect is the exemption of financial regulation: The SE does not need licenses from the Bank of Thailand for operating financial operations, banking, exchange, transfer, investment, etc., as long it is within the proper ecosystem.

The Concept of Resilient Economy

Having all these fantastic technologies of the 21st century, Web3, Blockchain, cloud, data processing, AI, makes a new economy possible: a Resilient Economy.

We see it as the middle way of existing conflicting and competing systems, favoring networking instead of concentration of power and money. The next step in economy could be based on a combination of autonomous, decentralized, digital, agile, auditable, non-speculative, non-capitalist, non-socialist.

Did Buckminster Fuller not say:You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”?

We believe that we don’t need to fight any prevailing current system, they auto-destroy. The interests of the existing systems are conflicting, and they are competing, creating entropy instead of development.

All we need to do is to build a system that does not ignore entropy and is built on sustainable principles. The success of such is system is assured by its nature, the respect of the laws of Thermodynamics, Evolutionary Biology, and the research of Harmony and Peace at its heart.

Let’s take the best of capitalism and socialism, skip the failing parts and do what corporations, governments, or the United Nations will never do: create a global autonomous network of people, entrepreneurs, organizations, and take things into our hands. 

It can succeed if everyone has an immediate advantage of using it, and it has to be free, or almost.

Sounds Utopia? It is, and it is not: because we have the tools and a plan. Continue reading, it’s coming.

The Toolbox of Resilient Economy

Firstly, we need our autonomous money, that does not depend on governments and their friends, the banks.

This currency needs to have a fixed value, not a subject of speculation, open to the market and public exchanges. 

Do cryptocurrencies do the job? No. Besides the scam concentration, they are hyper-speculative and built on quick-win strategies. At best there are so-called Stable Coins, but these are pegged to a single currency, connected to the volatile and competing market. The historical Bitcoin is a foreseeable sustainability failure by its technology and centralized money-driven governance. Most of these are highly volatile capitalistic, unsustainable systems. Furthermore, the Blockchain technology is pretty high-tech, slow, geek-friendly, gas fees apply, all in all, not built for street usage.

Solution Approach

We have observed and analyzed the problem and came up with a low-tech solution which can overcome all the challenges. Our solution is so simple, that it becomes difficult to apprehend for preformatted “normal” minds. Its simplicity is the only challenge that needs to be addressed.

Solution Proposal: Project Qaori

We invented a low-cost solution for a fixed-value global currency, by combining a virtual currency and a cryptocurrency on a digital mobile/web platform. We called it Qaori because the cowrie seashell is or was the most used currency in the world since pre-history. A wonderful, handsome object, worn around the neck or ankles, and bartered or exchanged against whatever needed, the first global currency. We like the symbolism.

Qaori is fixed-value currency, which exists in the real world, as a virtual currency and as a cryptocurrency, at equal value. The fact that it is fixed-value makes it useless for speculation. 

Fixed-Value Currency

How can a currency have a fixed value? In fact, it is mathematical impossible, something like squaring a circle, but we found a solution that comes close: we use a portfolio of antagonistic reference values, which tend to compensate for the mutual volatility of each other: when one goes down, another one goes up in reaction. We have all the historical values to compare and follow up in quasi-real time. We use Wallstreet-grade tools to guarantee the respect of the references. Our current portfolio is based on US Dollar, Euro, Gold, Bitcoin and Chinese Yuan (USD, EUR, XAU, BTC, CNY). We will put in place a governance structure that assures the integrity and efficiency of the portfolio and adapt it in the case that one or more of these values become too wild and jeopardize the “fixed-value” quality of the Qaori. The Qaori is minted with a certain time stamp, which is then used as a reference value. 

When you buy or sell the Qaori, the smart contract calculates the actual value of the day. 

This way we beat inflation, how useful is that?

The Roadmap of Resilient Economy

We are currently finalizing the platform, after an MVP called https://qaori.coop , which is already operational and nicely coming along. Take the tour! A mobile version will be done shortly after.

Now we have the blood of the Resilient Economy, what is next? Let people adopt it in their daily lives.

To use the Qaori, people need to be members and part of a community. We will offer more services in the future to make the membership attractive and useful for a higher number of users.

We are not limited in geography, languages, cultures and we hope that the innovative nature of our Resilient Economy platform will interest journalists and media.

The Cowrie (Kaori) Money in History

“The cowrie currency was the longest and most widely used currency of all times. In China cowries were used as money already some 3000 years ago. From there they spread over Thailand and Vietnam into the Indian subcontinent; finally they came into use also on the Philippines, the Maldives, in New Guinea, the South Seas and in Africa. Cowries are sea shells living in more than 200 varieties in warm oceans. They owed their popularity as money to their durability and manageability. They were easy to transport and forgery-proof. Besides, their nice and shiny surface made them popular as embellishments.”

Quote https://www.moneymuseum.com

https://www.moneymuseum.com/en/coins?&id=884
https://en.wikipedia.org/wiki/History_of_money
https://en.wikipedia.org/wiki/Cowrie

The word cowrie comes from Kiswahili Kauri (meaning ceramic/porcelain)

The Classical Chinese character for money () originated as a stylized drawing of a Maldivian cowrie shell

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