Project Supra
GOAL: A multilateral framework for blockchain-based supercurrencies.
Project SUPRA is an international, independent research and development project investigating the viability of multilateral frameworks in managing value-stable digital currencies.
While developing insurance contracts on public blockchains, we realized the underlying infrastructure of common digital assets would fail over time. For instance, if you price contracts in Bitcoin or Ether, the price volatility in any calendar year introduces too much risk. Similarly, if you price contracts in stablecoins, the stablecoin issuer can introduce catastrophic risks where there previously were none. The underlying challenge is that the world does not have a politically-neutral, value-stable, international digital currency that is safe to use in the long term. We are deeply interested in figuring out what such a theorized currency might realistically look like and how it can be managed transparently and without political interference.
Currently, we are investigating possible solutions for both low-volatility currencies and management frameworks. We expect this research to take several months, at the end of which we will produce a working paper for discussion. After a discussion period, we will consider all comments before deploying a finalized solution.
Interested in learning more? Email us: team [at] blockchainsure [dot] com
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