Net-Zero Blockchain Technology
VagaChain — Sustainability, Life Cycle & Supply Chain Management
3rd Generation — Layer 1 Blockchain — to tackle the most critical compliance and pressing sustainability challenges businesses face in achieving operational excellence.
At Vagabond, our supply chain management, sustainability and life cycle assessment accounting/management modules are at the core of the revolutionary VagaChain (VAGA) blockchain technology. The usage of this distributed ledger with decentralised applications (dApps) will entitle — right from the start — carbon neutral and compliant ESG reports, sustainability data and carbon offsets that are auditable, transparent and interoperable with private/public blockchain technology systems as well as with other traditional centralised infrastructure.
VagaChain is at the centre of the growth and innovation agenda, providing increased Life Cycle and Circular Economy transparency as well as reducing costs and risks across value chains. VagaChain is a robust, low emission, fast blockchain with industry-standard use-cases and a trusted ecosystem of people, standards, tooling and practices for innovative green solutions.
VagaChain is a fully decentralised 3rd generation, open-source and energy efficient ledger that combines high speed and low fees, with pre-defined on-chain modules, supporting all forms of trade financing as well as supply chain management, sustainability, life cycle and ESG data reporting.
VagaChain intends to extensively scale the Web3 user community by providing developers and businesses the ability to instantly port applications and assets from other inefficient siloed database systems and traditional financial infrastructures with its low cost, high throughput, Net-Zero blockchain technology.
In essence, the third generation of crypto and blockchain aims to solve the issues facing the first two generations, which are considered to be Bitcoin, the original cryptocurrency, and Ethereum, the first cryptocurrency to offer smart contracts and decentralised apps (dApps).
Tendermint Blockchain Technology
Powered by Tendermint blockchain technology and Cosmos Hub SDK framework, including IBC protocol from day one, VagaChain offers multi-chain interoperability to all IBC compatible blockchains such as Binance Smart Chain (BSC), Crypto.com coin, Cosmos Hub (ATOM) and more.
VAGA Cryptocurrency
The native asset connecting the VagaChain network is the VAGA cryptocurrency. Maximum supply is approx. 200 million VAGA coins with an initial inflation rate of 0.1. VAGA can also potentially be used in proposing and voting on future network upgrades as well as providing a means of exchange for network fees and transactions, ensuring a “basic unit of account” between cryptocurrencies under the VagaChain V20 token standard ecosystem.
VagaChain Blockchain Characteristics:
- Predefined Life Cycle Inventory, Management and Assessment Accounting protocols
- Cradle-to-Gate, Cradle-to-Grave & Cradle-to-Cradle LCA tools and pre-defined processes
- Regulatory compliant on-chain data protocols for ESG, Sustainability and Carbon Footprint reporting
- On-Chain Decentralised Governance (DAO)
- Proven Byzantine-Fault-Tolerant (BFT) Proof-of-Stake (PoS) Infrastructure
- Asset Tokenization which includes but not limited to: NFTs, Phygital, Documents, Certificates, Event Tickets, Cryptocurrency (Tokens) and Fiat Stable Coins.
- Smart Contracts with extremely low transaction (gas) fees, fractions of a penny
- Cross-chain Decentralised Exchange (DEX), DeFi and dApps
- Interoperability — IBC Protocol, the internet of blockchains
- On-Chain Contract & Identity Management
- FAST — transaction finality under 1 sec — over 7855 TPS
In Resonance for a Lower Carbon Footprint Future
VagaChain, together with Vagabond’s proprietary software and decentralised applications (dApps), allows enterprises to attain regulatory compliant carbon offset data, carbon emission reports, product life cycle assessments and ESG performance & sustainability reports to assess risk exposure to social and environmental events as well as current and future financial sustainability.
Not only is this important from a legislation compliance standpoint for enterprises, SME’s and nonprofit organisations (NPO’s), but also for communities and customers as there is an environmental conscious need to know about a company’s environmental and social practices to inform their advocacy and purchasing decisions.
Regulatory Compliance
Vagabond’s Sustainability suite of dApps generate ISO 14040 compliant data, certified for financial and sustainability reporting, allows access to reliable, traceable and comparable data on-chain, with VagaChain’s built in sustainability derived protocols and modules — promoting frictionless data input and extraction without the need of going through loops and hoops, patch ups and smart contract workarounds — which are all prone to failure and maloperation.
Only with trustworthy data on an immutable public ledger can we guarantee regulatory compliance in all sustainability and life cycle assessments, saving time and cost whilst driving transparency, traceability, and accountability within organisations, between organisations, and their stakeholders.
Together with Vagabond’s circular economy know-how, experience and revolutionary blockchain technology, we are able to adapt and transform ESG, sustainability and carbon data residing on archaic traditional technology standards onto efficient, transparent and verifiable databases, via a public immutable ledger, allowing the Circular Economy to function alongside sustainable minded protocols that work today, tomorrow and in the next +100 years with full transparency.
We speak your Language
Vagabond BaaS with turnkey solutions enables startups and scale-ups to use Blockchain technology with less cost and time, which is well documented and supported by the Vagabond Team and accessible within minutes.
Through robust API endpoints, VagaChain allows legacy IT infrastructures to integrate blockchain services and specific industry leading modules without costly and timely changes.
VagaChain Software Development Kit — VAGA SDK
Written in Golang and Rust, this library toolkit supports & enables developers to build software that can interact with the VagaChain blockchain. Brings developers, partners and clients to the blockchain world by providing a full set of functions and simple abstractions over core data structures that a decentralised application (dApp) or blockchain application requires.
VAGA SDK currently supports the IBC protocol which enables seamless interoperability with other decentralised ledgers, such as: Tron, Binance Smart Chain (BSC), Solana, Polygon, XRPL and many other L1 blockchains with embedded IBC protocol compatibility.
WASM Smart Contracts
VagaChain uses WebAssembly (WASM) to process smart contracts. Rust is the preferred programming language for writing smart contracts on VagaChain, although JavaScript and Typescript may be used as well.
Use-Cases & Utility Galore
Vagabond unlocks new limits through VagaChain blockchain technology, from raw material sourcing over Life Cycle Management to commerce, and to enable a circular economy with its built in predefined on-chain modules that support the following and more:
- Sustainability & ESG performance reporting (ISO 14040 compliant);
- Supply chain management & logistics;
- Life Cycle Accounting (LCA), Life Cycle Inventory (LCI), Life Cycle Management (LCM);
- Digital Product Passports;
- Customer Relations Management (CRM) & Human Resources Management (HRM);
- Trade financing;
- Real estate & property management;
- NFT certificates, event tickets and fungible asset management;
- WASM smart contracts;
- eCommerce, NFT marketplace builder, social media creator;
- Mint fungible & non-fungible tokens; and
- Metaverse: incl. GameFi, Esports, Roadway and Property Mapping & Management.
These are just some use-cases on the Vagabond Ecosystem.
On-Chain Decentralised Governance (DAO)
The importance of decentralised governance goes far beyond the implications on value chains. DAO’s allow democratic decision making by community and code, with equal participation opportunities between all participants, removing the need of centralised organisations that hold too much decision-making power. A DAO removes the murkiness of corporate hierarchy and individual financial interests for the sole benefit of all stakeholders, streamlining operations while achieving an autonomous self-governing system.
The Vagabond Sustainability & Life Cycle DAO is seen to complement international standards, principles and frameworks by allowing democratic decision making in a decentralised manner by both code and community, decreasing the chances of data manipulation and fragmentation as a result.
Different proposals can be submitted through on-chain governance and be put up for community voting. The list below is including but not limited to:
- Standardisation of metrics
- Standardisation of systemic processes
- LCI data standards, estimates and ranges
- Platform proposals, changes and governance
VagaChain Commerce
Vagabond offers the first decentralised digital eCommerce marketplace builder for non-fungible tokens (NFTs) and phygital assets, allowing users to deploy full featured eCommerce solutions that rival traditional Web2 open source marketplace building solutions commonly known today (e.g. WooCommerce, Magento, PrestaShop, Shopify, etc.).
The Vagabond V-NFT eCommerce platform provides a multitude of modules for instant minting of NFTs, physical items (phygital), storing of assets, URI and metadata as well as Web3 payment gateways, shipment management and shopping cart/checkout integrations.
We ambition to become the Wordpress for Crypto by envisioning a codeless blockchain based architecture with seamless integration of the traditional economy, curating digital transformation into a more efficient, transparent, and inclusive economic Web3 ecosystem.
Using Vagabond’s NFT Marketplace builder, businesses and individuals will be able to create their very own, completely personalised eCommerce NFT marketplace where their target audience will be able to buy, sell and explore a catalogue of digital assets, items and services. With full API connection capabilities for seamless cross platform integrations, user’s can effortlessly create a marketplace on their platform of choice and move through the world of NFTs like a true professional.
Vagabond’s eCommerce platform, in tandem with VagaChain blockchain technology, completely removes common friction hotspots allowing for seamless transformation of traditional eCommerce infrastructure into a full featured Web3 experience.
Trade Financing
The trade finance industry has emerged as a key focus area for realising the efficiencies of blockchain technology. The resulting VagaChain-based trade network is designed to improve the trade finance lending process, helping banks and financial institutions access new markets with new products, while reducing risk and streamlining cross-border trade for buyers and sellers as they grow their business and expand into new countries.
Vagabond Blockchain solutions for trade finance are built to curate new trading partnerships, uncover new liquidity pools and establish synergies between new business models and trading hubs. Distributed ledger technology, smart contracts, enhanced security, built-in governance (DAO) and extensive control capabilities for real-time access to trade finance data, all facilitated by the extensive use of Non-fungible tokens (NFTs) on the VagaChain blockchain network.
NFTs can also be thought of as digital certificates of authenticity, which includes but not limited to:
- digital representation of a contract
- certificate of origin (CO)
- letter of credit (LC)
- bill of landing (BoL)
- or any other pertinent legal document
All data is stored and verified within an immutable NFT, intrinsically linked to VagaChain blockchain technology.
This stands to revolutionise trade finance by mitigating risk and streamlining systemic processes relating to digital assets, value chains, carbon data reporting, and most importantly, allowing the seamless transfer of ownership in a reliable, transparent and tamper-proof manner.
Why VagaChain?
- Data provenance is visible and verifiable by all counterparties
- VagaChain network is leveraged to connect with similar trade finance business networks across the Vagabond ecosystem and beyond
- Regulatory compliance guaranteed through real time auditing
- Platform standardisation across trade finance and trade credit insurance solutions, unlocking business opportunities in new markets across the globe
- Pre-defined on-chain protocols in tandem with NFTs allow compliant legal representation of trade documents for execution of global trade transactions
- Letter of credits are modelled on Vagachain as self-executing contracts, mitigating business risks through bank facilitation of the trade flow and settlement process
- Access to the largest provenance data network to assess and manage compliance status, chain of custody reporting, fraud detection and media-rich provenance records for both objects and assets.
New. Product. Protocol.
The Vagabond Product Passport sets a new benchmark into redefining the circular economy, cradle-to-cradle, turning supply chain data into value.
Unify data. Automate reporting. Drive results.
Circular lifecycle data through a global identification system built on the protocol layer of VagaChain, enables customers, retailers and recyclers to manage, identify and share product information on a global scale. Vagabond Product Passport:
- Reduces Resource Consumptions
- Increases Transparency
- Increases Traceability & Product Provenance
- Unlocks Resale, Recycling & Regeneration
- Enables Measurement & Accountability
A product passport is the tokenization of a produced or sold product. This tokenization makes it possible to assign and store unaltered data to the product, for example, to comply with the EU regulations of the Supply Chain Act.
The product passport can also include comprehensive services and business models of the circular economy or ESG reporting, such as storing performance data or warranties and securing the return of recyclate.
The Vagabond Product Passport allows public and private data storage and referencing when tokenised to protect intellectual property and trade secrets, giving complete control to the data owner.
With current and upcoming global regulations, Vagabond Product Passport enables businesses to:
✔ Create value through circular business models
✔ Authenticate compliance and legal obligations
✔ Curate data-led decision making
✔ Identify chemical hazards
✔ Automate CO2e data reporting, cradle-to-cradle
✔ Exchange data harmoniously across value chains
VagaWallet
Vagabond’s VagaWallet, a Web3 ready wallet, available for both iOS and android devices, enables full control of VagaChain assets (tokens, NFTs, certificates, event tickets, etc.) as well full VGO (BSC) and VGB (XRPL) token compatibility. Users are able to securely hold their assets, transfer, and generate passive yield through the Vagabond reward system, by easily taking a single daily snapshot of token holdings and exchanging the reward points for the compatible token of choice, directly on the wallet.
Full QR code functionality, seamlessly sign and authorise transactions, interact with Web3 dApps and even manage event tickets, certificates and contract agreements as well as fungible and non-fungible tokens (NFTs).
Web3 Ready
Through the use of VagaChain blockchain technology, decentralised storage (IPFS) and self-sovereign identity in a community-driven setting, Web3 will take away the data ownership from the Web2 giants and give it back to the users. These can then decide who gets access to their data and to their identity.
VagaWallet is expected to launch by the end of Q4, 2022, before the VagaChain Mainnet launch date (TBA). A beta program with a limited public participation has recently been completed and final adjustments are currently being made for the upcoming launch. User findings and discussions can be found on our telegram and discord social media channels.
vApps
vApps are a combination of WebApps, dApps and Vagabond specific utility apps embedded in the VagaWallet for great user experience and infinite versatility. Allows users and developers to natively interact with the VagaChain network to enable application specific transaction flows, identification streams and other capabilities made available both inside and outside the Vagabond platform.
Some examples of vApps:
- VagaSwap DEX interface
- Vagabond V-NFT premium functionality
- VagaChain V20 token issuance
- Event tickets and management dApps
- Trade Financing dApps
- V-Mobility Battery Analytics and LifeCycle management dApps
- V-Meta Esports P2E marketplace and token economy dApps
- Vagabond Product Pass — Supply Chain Management
VagaChain Protocol
Network Security — Validators
Running a VagaChain validator, also known as a full-node, allows the user to participate in the consensus to help achieve agreement, trust, and security across the VagaChain decentralised network. Validators are the foundation of any Proof of Stake Network and their role is to propose and validate new blocks of transactions while ensuring high uptime and server security.
Why Run a VagaChain Validator Node?
When users run their own node, they greatly contribute to the VagaChain network by increasing safety and decentralisation. Nodes also enable faster response times and quick uninterrupted access to the chain state, by utilising dApps which interact with VagaChain. A validator is further rewarded by gaining a commission from each block provision and transaction fee, proportional to their staked amount. Validators also have the opportunity to participate in governance of the blockchain.
Staking
VagaChain is based on Proof Of Stake (PoS) technology. As such, one of the most important activities a token/coin holder can participate in is staking their VAGA coins to help secure the network, which essentially locks the selected tokens over a period of time on the ledger by means of a smart contract. The more VAGA coins are locked as stake, the more block rewards a stakeholder receives and the more secure the network becomes.
Testnet
The VagaChain blockchain is currently live on Testnet V2 and is set to be released on Mainnet including Wallet & DEX on the 06th of December, 2022, with its native coin VAGA listed on major exchanges (TBA). VagaChain will include all available tools from Vagabond into its infrastructure in 2022, allowing for a continuous experience with existing users.
Tokenomics
Coin Distribution
With no Initial Coin Offering (ICO) or Token Sale, VagaChain’s native coin VAGA will be airdropped to the Vagabond community, more specifically VGO (BSC) and VGB (XRPL) token holders by a 1:1 distribution ratio.
Allocation
VagaChain has a total max supply of 200M VAGA coins with a theoretical inflation rate of 0.1. Initial circulating supply will be approx. 40M coins with a max circulating supply of 80M coins. The remaining 120M are locked and used as utility within the Vagabond Platform and ecosystem.
Coin Burn
A coin burn mechanism will ensure a hard cap on the max supply of approx. 200M VAGA coins, which helps maintain coin scarcity in the benefit of all stakeholders. As transaction volume increases over time, the coin burn will adapt accordingly, reducing the circulating supply programmatically via the use of a smart contract.
VAGA Airdrop
When it comes to our overall launch strategy, our thinking is simple: reward those who actively participate in the Vagabond ecosystem, execute like our lives depend on it and equally distribute the coin, 1:1, with each and every VGO and VGB token holders. Liquidity will be provided shortly after on the VAGA DEX as well as on major exchanges (TBA), to help streamline and stabilise healthy market dynamics of the VAGA coin on the open market. No hectic IDO, whitelist or confusing sales mechanics.
Please refer to the article available in the link below which provides full details of the VAGA Airdrop, including all the necessary guidelines, procedures and expected roadmap.
All in all, pretty straight forward.
Q4 Roadmap
✔ VagaChain L1 3rd Gen Blockchain Mainnet Launch
✔ VagaPay Payments Gateway
✔ VagaSwap DEX
✔ VGO/VGB Snapshot
✔ VAGA Airdrop Distribution Event
✔ VAGA CEX Listings
✔ Vagabond V2 Platform
✔ Vagabond Product Passport
✔ LCA LCI LCM — Life Cycle & Sustainability Modules
✔ VagaWallet iOS/Android
✔ Reward Point Exchange Live
✔ LCA LCI LCM Modules
Documentation
White Paper
The current article is not to be considered as a White Paper. A detailed technical paper is currently in the works for VagaChain and will be revealed to the public by the end of Q4 2022.
Guides
Updated weekly, Vagabond provides full documentation and insights for all platform divisions, including guides, procedures and technical papers for seamless usage, implementation and development on the Vagabond platform and VagaChain blockchain protocol.
Available here: https://docs.vagabonds.cloud/vagabond/
Disclaimer
This article does not constitute any investment advice, financial advice, trading advice or recommendation by Vagabond Solutions, its affiliates, or its respective officers, directors, managers, employees, agents, advisors or consultants on the merits of purchasing the VGO, VGB or VAGA coin nor should it be relied upon in connection with any other contract or purchasing decision.
The uncertainty in tax legislation relating to cryptocurrency tokens and digital assets may expose cryptocurrency token holders to tax consequences associated with the use or trading of the token.
Digital assets and related products and services carry significant risks. Potential purchasers should take into account all of the above, together with any other applicable risk disclosures we provide and the advice they obtain, and assess the nature of, and their own appetite for, relevant risks independently and consult their advisers before making any informed decisions.
About Vagabond
Vagabond is a Blockchain-as-a-Service (BaaS) platform that enables businesses to implement the benefits of Blockchain into their operations. We see a significant market potential that addresses the most notable challenges companies face in deploying blockchain solutions — the cost and time of implementation and adoption. Vagabond sets to build its community for individuals and supports users to experiment, learn or run their dApps (e.g. NFT Marketplace Builder) based on the Vagabond platform. Vagabond’s primary strengths are predefined processes and modules that the user can use and adapt without writing a single line of source code.
For further information, please contact Vagabond at: https://vagabonds.cloud/contact
Twitter: https://twitter.com/vagabondappio
Telegram Discussions Channel: https://t.me/vagabonddiscussion
Telegram Announcements Channel: https://t.me/vagabondappio
Discord Channel: https://discord.com/invite/3ty3u3u5Gy
YouTube Channel: https://youtube.com/@vagabondapp
Website: https://vagabonds.cloud
