Commercium White Paper (Lite)

Abstract

Commercium is purpose-built as a purely peer-to-peer electronic capital & commerce system harnessing a dual cryptography proof-of-work blockchain (dual-chain). Commercium is designed and engineered for trustless value transfer of specific financial instruments across capital markets, money markets and commerce markets. Commercium compliments the cryptography proof-of-work electronic cash system, Bitcoin, (a purely peer-to-peer electronic Cash system) by providing peer-to-peer functionality of financial instruments that are not electronic cash, across the electronic financial environment, in the modern world.

CMM is a proof-of-work (mineable) cryptocurrency. CMM includes 60 second block times for fast confirmation of transfers. It is the only conversion pairing and method for accessing the value stored in ‘CMMX’ or its various smart contracts. ‘CMM’ is paired to Bitcoin, in case a user requires electronic cash.

CMMX is also a proof-of-work (mineable) cryptocurrency, however, based on the Ethereum codebase and built using solidity. It facilitates Apostille 2.0 as well as provides the technology for peer-to-peer and business-to-business (B2B) needs. It allows the creation & execution of smart contracts, multi-signature escrow accounts, data capture functionalities and value store functionalities allowing real-world financial instruments an electronic cryptography peer-to-peer clearinghouse platform where ‘CMMX’ to ‘CMM’ and ‘CMM’ to ‘CMMX’ are designed to facilitate an exchange to participants from either chain.

Commercium, inferring the entirety of the dual-chain of ‘CMM & CMMX’ and its ecosystem; harnesses the technology of cryptographic proofs, to provide a decentralized and modernized settlements of transactions for transferring value, storing value, professional services, payment processing, and commercial & private smart contracts while offering added value layers of security and data reporting expected of an immutable blockchain on par with Bitcoin. Purpose designed for reducing cost, settlement risk, operational risk, crypto-ISAs and private equity for the peer-to-peer connected world. Aiming to give internet & digital the ability to leverage and use Commercium for value transfer and commerce at scale (domestic or international).

Definition of Commercium[1]

plural commercia \-(ē)ə\

Roman law

commerce, traffic : commercial transaction : business intercourse; also : jus commercii

Executive Summary

Consumers are consistently using the digital environment to transact. The expanse of digital transactions covers a wide arena of industries and sectors with a plethora of services, products and value transfer. Commercium is designed for the consumer of the digital environment and modern world, with an emphasis on capital & commerce markets.

Commercium comprises of cryptographic proof dual blockchain, decentralized and purpose built for real world uses with functionality enabling individuals and business entities to intuitively, and confidently facilitate and operate several electronic financial instruments and activities securely.

Commercium’s ecosystem consists of cryptocurrency & blockchain technology architectures combined with business architectures segmented to facilitate seamless integrations for the electronic (digital) environment and serve as a conduit of physical assets into the electronic environment. This is achieved within being a store of value and value transfer through electronic financial instruments of contracts, swaps and swaptions, private equity interests, ISAs, which are created, modified, traded and settled within the commercium ecosystem.

Through its ecosystem Commercium will harness, being a store of value and value transfer in additional areas such as wealth management & death care markets. Aiming to work with and develop partnerships with regulatory bodies and create necessary entities as it continues to evolve. Modernizing blockchain and realizing the benefits of technological advancement starts with consumer level accessibility and delivering the tools that meet the demands of corporate and regulatory frameworks.

Commercium Blockchains & Cryptocurrencies

Commercium utilizes cryptographic proofs from decentralized dual-blockchain technology to facilitate electronic financial instruments to modernize settlements of transactions. Additionally introducing a newly layered architecture to go beyond master nodes; Apostilles 2.0 delivers opportunity for the many in a variety of ways, one such being an ISA equivalent, a cryptographic Individual Savings Account, along with additional cross-functional business end-points into the digital era.

No (peer-to-peer) mechanism exists to make settlements, provide private equity and offer a capital market cryptographic financial instrument facilitation (with the exception of electronic cash), over a communications channel without a third party. Leveraging cryptographic proof, (as achieved with Bitcoin — electronic cash system), Commercium, will provide such a mechanism.

The products and services create and improve market efficiencies by streamlining the way value is transacted, recorded, without the need for third party facilitators. The Commercium platform accomplishes this by leveraging custom development and network infrastructure designed to integrate distributed ledger technology into one seamless experience for consumers and business adopters.

The commercium blockchains will be delivered through a public distributed ledger network, where individuals (miners), may contribute hashing power (computing power) through a process known as mining. Adopters benefit from the additional data security, speed and accuracy offered by a distributed ledger network through immutable and permanent records. The design of the dual model public blockchain makes Commercium uses broader vs a private blockchain. Commercium serves commerce and capital markets use-cases, in consumer markets inclusive of smart contracts and agreements viable in the business to business markets.

Commercium Blockchain I (CMM)

Commercium (I) is a proof-of-work (mineable) cryptocurrency. Its codebase stems from Zcash. Commercium (I) referred to as ‘CMM’ includes 60 second block times for fast confirmation of transfers. It is the only conversion pairing and method for accessing the value stored in ‘CMMX’. ‘CMM’ is paired to Bitcoin, for ease of use and conversion to electronic cash system.

‘CMM’ is available on a few exchanges. It serves to provide an anchor and conduit for seamless conversions between the electronic cash system of the Bitcoin ecosystem and the capital & commerce markets of electronic financial instruments from within the Commercium eco-system.

CMM

CMM will function as a conversion medium, and is intended for simple, real-time transactions of and for value transfer into the Commercium ecosystem. CMM is an entirely new genesis of the bitcoin codebase. This codebase offers speed and privacy in transactions of value.

The Commercium blockchain is the most highly functional and secure and iteration of distributed ledger technologies to-date and its development team is dedicated to continuous improvement and contribution to blockchain technologies that enable consumer level adoption and application.

Commercium Wallet

The Commercium wallets are pivotal to experiencing the entire digital Commercium ecosystem. There are a variety of wallets for the various user types and operating systems. Currently an OSX, Windows, Linux and web wallets are available.

The mobile wallet will be a unified commercium wallet offering joint and integrated functionality to experience the digital commercium ecosystem with essentials such as; reporting, seamless transactions of value and intuitive contract creation among many other planned developments. Enhancing the experience and potential application of blockchain technologies for everyday users by, delivering a simple and seamless, mobile wallet, is an important goal of the Commercium development team.

Over the course of Commercium development, the wallets will include manage tools for supply chains, reporting, auditing, smart contract creation, token & funding creation, death care services, inheritance wealth management and additional services from modular business units from the commercium ecosystem. As a settlement system, additional easy pay system for the mobile device users will be created, with use-cases for financial instrument uses alongside NFC payment use-cases. Commercium intends to improve the user experience to become an easy to use portal, providing the essentials for capital and commerce market access, at the fingertips of the everyday mobile phone user. We believe Crypto shouldn’t be difficult and neither should the user experience.

Commercium Blockchain II (CMMX)

Commercium (II) is also a proof-of-work (mineable) cryptocurrency, based on the Ethereum codebase and built using solidity with a limited supply. It facilitates Apostille 2.0 as well as caters to business-to-business (B2B) needs. It allows the creation & execution of smart contracts, multi-signature escrow accounts, data capture functionalities, store of value functionalities allowing real world financial instruments to an equivalent electronic cryptography peer-to-peer clearing house where ‘CMMX’ to ‘CMM’ and ‘CMM’ to ‘CMMX’ are designed to facilitate an exchange within the commercium ecosystem.

While CMM is a conduit to enter, CMMX is a conduit to exit the Commercium ecosystem of

electronic financial instruments.

Dual-Chain

The two separate blockchains will enhance user efficiency and limit bottlenecks where an overload of both simple transactions as well as contract execution can grind a single network to a halt. A dual-chain platform creates separation between transferences of value and executing smart contracts, ensuring sophistication is simple. The Dual-Chain enables a more seamless experience for adopters, limiting the waiting times during periods of high network traffic.

Commercium Fund

The Commercium Fund is designed to support the Commercium technologies and Commercium group of companies, performing as modular business units within the ecosystem. Upon initiation of the primary CMM blockchain, a onetime endowment of ten million units of CMM have been deposited into a wallet owned by Commercium. In addition to the initial endowment, Commercium reserves the right to add a % of each Commercium block reward from mining to the Commercium Fund to meet the obligations of maintaining the infrastructure and rewarding developers of the Commercium Platform and blockchains.

Commercium is not a community coin but an international platform backed by incorporated organizations and a series of business units. We understand that transparency is essential to building trust with adopters, regulators and lawmakers therefore we will aim to provide clarity to our stakeholders as and when required.

Regulation

The regulatory landscape is continuously evolving and different around the world. Of late, some governments have shown strong opposition to cryptocurrencies and assets, while others simply want to impose consumer and investor protections, better define the new industry and ensure that taxes owed are actually being paid while reducing or eliminating criminal activity.[1],[2]

Regulation and guidance from lawmakers will take some time to be realized and applied, but given the attitude of world leading nations, this road block will be removed over time and to the benefit of the cryptocurrencies, assets, blockchain technologies and their adopters.

Commercium hopes to work with regulators and lawmakers wherever possible to help guide a seamless transition and the adoption of blockchain technologies as vehicles for the transference of value by consumers and businesses around the world. In order to begin facilitating this, the Commercium Wallet application will focus on immediately offering a simple record keeping tool that will output the information necessary for consumers and businesses to meet their essential income reporting needs.

Conclusion

Accessibility, privacy, ease of use and simplicity will drive the evolution and adoption of blockchain technologies and new payment, settlement and transaction mediums by everyday people. Eliminating misconceptions and learning curves that bar entry into the space is the objective of the Commercium Platform. The development team is dedicated to creating an all encompassing, secure, “push of a button”, software platform that integrates CMM and CMMX blockchains to facilitate peer-to-peer and business capital & commerce market functions, settlements, agreements, value stores and value transfer of multiple transaction, by minimising operational risk and costs. Commercium strives to contribute to blockchain technology and the next wave of implementation.

Historically technology advancements resulted in the rapid growth across the fields of science, medicine, law, economics, infrastructure and wealth distribution. For example, E-trading was introduced to the masses in the early 1990’s and brokers, firms and fees were reduced or removed from the process of investing in capital markets. Retail investors were able to independently pour millions of dollars into stocks, into their retirement funds and save massive amounts of money from fees that were cost prohibitive to potential investors. E-Trading made capital markets accessible and efficient. It increased the rate at which money was able to enter and exit markets, reduced fees, increased liquidity, forced transparency and caused fairer pricing (tightening the spread of an assets value).[3]

This simple advancement and application of internet technology through an interface changed the investment world, taking capital markets from billions of dollars, to trillions of dollars, with real-time, accurate and independent investing. Blockchain and distributed ledger technologies are the next technological revolution and the Commercium Platform will provide a new gateway that creates the same accessibility for individuals that e-trading, the personal computer and the internet browser did in the 1990’s.

Distributed ledger technology will create unity in commerce, increases profits, savings and efficiencies and is superior to private blockchains. Commercium brings functionality and ease of use to the masses.

Technical Specifications

CMM — Primary Blockchain

Algorithm: Equihash

Coinbase: Zcash

Block Time: 60 Seconds.

Block Reward: 8

Maximum Supply: 58,000,000

CMMX — Secondary Blockchain

Algorithm: Dagger-Hashimoto

Fork: Ethereum

Block Time: 30 Seconds.

Block Reward: 3

Maximum Supply: 30,450,000

Forward Looking Statement

The information contained herein is: (i) provided by the principal founders of the organization/entity and (ii) publicly available from directories, publications and websites, as mentioned in the body and the endnotes where possible or appropriate. In some cases, non-publicly available information was used, including independent research, studies or paid services from individuals and organizations. While the information set forth herein is deemed by the organization/entity to be accurate, the organization/entity shall not be held liable for the accuracy of or any omissions from this white paper, or for any other written or oral communication transmitted to recipients and any other party in the course of its evaluation of transactions involving the organization/entity.

Any person or entity seeking to make an investment in the organization/entity or the assets/technology should not rely on the information set forth in the plan as complete. In addition, the analyses contained herein do not claim to be appraisals of the assets, or the valuation of any entity. The organization/entity makes no guarantees regarding any benefits received from investment, nor the legal, tax or accounting effects of any transaction; and this white paper does not constitute an offer to sell, or a solicitation of an offer to buy securities.

In furnishing the white paper, the organization/entity undertakes no obligation to provide recipients of the white paper with access to any additional information or to update this white paper or to correct any inaccuracies that may be contained herein. There exists substantial information with respect to the organization/entity and its future prospects, and there are a substantial number of risks associated with an investment in the assets/technology, which are not set forth in the plan.

Furthermore, the potential fulfillment of ‘forward looking statements’ contained in the plan are subject to change due to unexpected events, market shifts, or circumstances that cannot be known at this time. Forward looking statements are based on expectations, estimates and projections at the time the statements were made that involve a number of economic, business, and numerous risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in the plan may be identified through the use of words such as, but not exclusively to: “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions “may,” “could,” “explore,” or “might” occur. Such estimates and projections are subject to significant uncertainties beyond the control of the organization/entity. Although such projections are believed to be realistic, no representations are made as to their ultimate attainability.

Disclaimer

This white paper is created for information and discussion purposes only. Commercium and the authors of this report do not warrant the accuracy, adequacy or completeness of the information contained within and shall not be liable for any loss or damage resulting from the use of or reliance on any statements or information found in this report. The contents of this document are subject to change.

Commercium may consult with professionals in business, banking and financial regulation. This white paper may be submitted to legal and regulatory experts to seek their support in the examination of regulatory requirements and any guidance relating to the development of the platform. Commercium has a mission to contribute blockchain technologies, to the improvement of Domestic and International Commerce and Trade and will always strive to comply with applicable laws and regulations. The white paper is subject to change in accordance with regulatory review and guidance, as well as input from other stakeholders and interested parties.

This white paper describes the functionalities of the Commercium platform and the critical needs it can fulfill; it also provides an overview of blockchain including, distributed ledger technology, cryptocurrencies, and critical gaps in the current blockchain based payments systems, notably with respect to ease of use, accessibility and seamless and borderless transactions of value.

References:

[1] “Commercium.” Merriam-Webster, Merriam-Webster, www.merriam-webster.com/dictionary/commercium.

[2] Sharp;, Alastair. “Canada regulators say most crypto currency offerings need oversight.” Reuters, Thomson Reuters, 24 Aug. 2017, www.reuters.com/article/us-canada-regulation-digital/canada-regulators-say-most-crypto-currency-offerings-need-oversight-idUSKCN1B42CA.

[3] “SEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities.” SEC.GOV, Securities and Exchange Commission, 25 July 2017, www.sec.gov/news/press-release/2017-131.

[4] E-trading — https://en.wikipedia.org/wiki/Electronic_trading