Set of use-cases for BitShares 2.0

[BunkerChainLabs-DataSecurityNode]

As some of you noticed, I helped (a little) with the new bitshares.org page before I went on vacation. My plans back then have also been to prepare a more abstract list of features in terms of USE-cases.
Back then I couldn't finish them up in time and have them read through by someone else.
As the graphene project is now public I think I should ask the whole community for input.

I do have a rather low-tech description of use-cases and my current descriptions are "messy" at best. As I feel the list of use-cases should have a prominent place on the bitshares.org page we need them to be crystal clear and easy to understand.

This is what I have so far:

Use Cases
=========

BitShares offers a unique set of on-chain features that allows for trust-less
and counterparty-risk free interaction. In the following, we want to give a
brief overview of applications and use-cases for the BitShares network.

## Exchange Foreign Currencies, Commodities and Indices

## Stock Trading

## Decentralized World-wide Fund Raising

## Bond Market

## Prediction and Information Markets

## Investment Funds

## Direct Debit Card and Recurring Payments

## Random Number Based Services

Stuff that is not covered at all yet are features that can be built upon UIA .. like:

- initial public offers (IPOs)
- gift cards
- fan tokens (similar to baseball cards/BTS Music)
- members ship tokens
- ownership tracking
- authentication (bts login)

Other features that might result in applications:
 - threshold signatures (3rd party trusted-cold storage)
 - document verification

Who every can

• come up with more use-cases or
• add/improve descriptions

please feel free to post here!

This is something I'm in the process of doing too.
Identifying use cases, highlighting profit potential and cost reduction and conducting interviews with existing players like CCEDK, Banx and Peak Venture in order to get their experience of the process of integration.
A large hurdle to be overcome is the imagination of potential-integrators - clear and concise case studies can mitigate this.

I am currently in talks with CCEDK with aims to host these "BitShares Prospecti" on a private website for referral income, although I would be interested in contributing to a public document also.

Here's my thread discussing what I'd like to do: https://bitsharestalk.org/index.php/topic,17212.msg219913.html

Identify business use-cases such as gold dealing, couponing, prediction markets, decentralized banking services and produce industry-specific and easy to understand Prospectus' outlining how and why to integrate with BitShares.

I will strive to use these materials to target and close existing businesses and walk them through the set-up, in public on the forums.
These use-cases will then be encorporated into industry specific prospecti.
I envision that 3 use cases for each industry will be sufficient that there will no longer be a need for public walkthroughs.
By that point, the prospectus will contain all necessary information and proven-claims of profit increases and cost reductions due to BitShares integration of competitors in the industry.

Yeah, when I saw this @xeroc I thought you should get in touch with @Permie because he was looking at the exact same thing.

[Permie]

As some of you noticed, I helped (a little) with the new bitshares.org page before I went on vacation. My plans back then have also been to prepare a more abstract list of features in terms of USE-cases.
Back then I couldn't finish them up in time and have them read through by someone else.
As the graphene project is now public I think I should ask the whole community for input.

I do have a rather low-tech description of use-cases and my current descriptions are "messy" at best. As I feel the list of use-cases should have a prominent place on the bitshares.org page we need them to be crystal clear and easy to understand.

This is what I have so far:

Use Cases
=========

BitShares offers a unique set of on-chain features that allows for trust-less
and counterparty-risk free interaction. In the following, we want to give a
brief overview of applications and use-cases for the BitShares network.

## Exchange Foreign Currencies, Commodities and Indices

## Stock Trading

## Decentralized World-wide Fund Raising

## Bond Market

## Prediction and Information Markets

## Investment Funds

## Direct Debit Card and Recurring Payments

## Random Number Based Services

Stuff that is not covered at all yet are features that can be built upon UIA .. like:

- initial public offers (IPOs)
- gift cards
- fan tokens (similar to baseball cards/BTS Music)
- members ship tokens
- ownership tracking
- authentication (bts login)

Other features that might result in applications:
 - threshold signatures (3rd party trusted-cold storage)
 - document verification

Who every can

• come up with more use-cases or
• add/improve descriptions

please feel free to post here!

This is something I'm in the process of doing too.
Identifying use cases, highlighting profit potential and cost reduction and conducting interviews with existing players like CCEDK, Banx and Peak Venture in order to get their experience of the process of integration.
A large hurdle to be overcome is the imagination of potential-integrators - clear and concise case studies can mitigate this.

I am currently in talks with CCEDK with aims to host these "BitShares Prospecti" on a private website for referral income, although I would be interested in contributing to a public document also.

Here's my thread discussing what I'd like to do: https://bitsharestalk.org/index.php/topic,17212.msg219913.html

Identify business use-cases such as gold dealing, couponing, prediction markets, decentralized banking services and produce industry-specific and easy to understand Prospectus' outlining how and why to integrate with BitShares.

I will strive to use these materials to target and close existing businesses and walk them through the set-up, in public on the forums.
These use-cases will then be encorporated into industry specific prospecti.
I envision that 3 use cases for each industry will be sufficient that there will no longer be a need for public walkthroughs.
By that point, the prospectus will contain all necessary information and proven-claims of profit increases and cost reductions due to BitShares integration of competitors in the industry.

[xeroc]

maybe with bts2 we can even put (long-term) bonds in the basket .. @vikram @bytemaster

[VoR0220]

Fonds? Is that a typo for bonds? Or am I missing something?

My fault .. bad translation .. I was refering to "investment funds" .. like a "set of different stocks"

Okay so like a basket of goods and options?

commodity like
- bitGOLD
- bitSILVER

stock like:
- NASDAQ
- NIKKEI

Fundraisers (now possible) like
- MOONFUND

emerging industries (possible with bts via sharedrop) like
- NOTE

but also currencies like
- bitUSD
- bitCNY
...

all put together into one basket/account (multisig)
and publicly auditable via blockchain ...

you can then issue shares of that basket and sell them as investment into whatever is in the basket ..

imho this could be sold as game changer .. (only if enough liquidity and options are available)

And I would agree with you Xeroc. This is a good marketing approach.

[xeroc]

Fonds? Is that a typo for bonds? Or am I missing something?

My fault .. bad translation .. I was refering to "investment funds" .. like a "set of different stocks"

Okay so like a basket of goods and options?

commodity like
- bitGOLD
- bitSILVER

stock like:
- NASDAQ
- NIKKEI

Fundraisers (now possible) like
- MOONFUND

emerging industries (possible with bts via sharedrop) like
- NOTE

but also currencies like
- bitUSD
- bitCNY
...

all put together into one basket/account (multisig)
and publicly auditable via blockchain ...

you can then issue shares of that basket and sell them as investment into whatever is in the basket ..

imho this could be sold as game changer .. (only if enough liquidity and options are available)

[VoR0220]

Fonds? Is that a typo for bonds? Or am I missing something?

My fault .. bad translation .. I was refering to "investment funds" .. like a "set of different stocks"

Okay so like a basket of goods and options?

[xeroc]

Fonds? Is that a typo for bonds? Or am I missing something?

My fault .. bad translation .. I was refering to "investment funds" .. like a "set of different stocks"

[VoR0220]

Fonds? Is that a typo for bonds? Or am I missing something?

[jakub]

As I feel the list of use-cases should have a prominent place on the bitshares.org page we need them to be crystal clear and easy to understand.

Absolutely right.
The current bitshares.org is doing a great job as a technical overview but it needs to be complemented with good use-cases.

[betax]

Great initiative xeroc, I am looking for something like this.

[xeroc]

As some of you noticed, I helped (a little) with the new bitshares.org page before I went on vacation. My plans back then have also been to prepare a more abstract list of features in terms of USE-cases.
Back then I couldn't finish them up in time and have them read through by someone else.
As the graphene project is now public I think I should ask the whole community for input.

I do have a rather low-tech description of use-cases and my current descriptions are "messy" at best. As I feel the list of use-cases should have a prominent place on the bitshares.org page we need them to be crystal clear and easy to understand.

This is what I have so far:

Use Cases
=========

BitShares offers a unique set of on-chain features that allows for trust-less
and counterparty-risk free interaction. In the following, we want to give a
brief overview of applications and use-cases for the BitShares network.

## Exchange Foreign Currencies, Commodities and Indices

With BitAssets, a market-pegged derivative of a physical counterpart, e.g.
bitUSD or bitGOLD, the BitShares Decentralized Exchange (DEX) allows world-wide
trading of arbitrary market pairs. The DEX not only reflects classical FOREX
pair such as USD:EUR using the corresponding BitAssets, i.e. bitUSD:bitEUR, but
also allows trading of commodities like bitGOLD, bitSILVER, etc. against any
other asset. Furthermore, with privatized BitAssets, it is possible to trade
derivatives of indieces, such as Dow Jones, DAX, or Hang Seng,

## Stock Trading

Besides trading of the market-pegged BitAssets, BitShares also offers to issue
your own stock in the DEX at comparably low cost. These user-issued assets (UIA)
can fully comply with the regulations of most governments and offer additional
functionalities for issuer and investors.

## Decentralized World-wide Fund Raising

With BitShares, decentralized crowd funding never was easier. Technically the
process breaks down to as few as two steps: a) Create a new token that should
represent your project, and b) issue and sell your shares on the DEX. It's your
choice whether you want to sell them for bitUSD, bitEUR, or any other token and
you define the price for the share. The MOONFUND token of moonstone.io was among
the first crowd funding tokens to use BitShares.

## Bond Market

With bitUSD and bitGOLD, or any other market-pegged bitAsset, we have the unique
opportunity to offer trust-less Bonds on the blockchain with a world-wide
decentralized market to define the interest rates.

## Prediction and Information Markets

Prediction markets are quickly implemented with BitShares and the DEX. All that
is needed a proper prediction criteria in the description of a newly created
asset that anybody can issue by putting up collateral. The price of this asset
reflects the probability of an event to occur. Participants that have voted
correctly will be able to sell their shares back to the network at a higher
price and make a profit. This feature, in combination with the bitUSD, allows to
reimplement most binary prediction and information markets currently established
in a decentralized and trust-less manner.

## Investment Funds

In BitShares, it is possible to reflect most classical Fonds combining public
corporate accounts with an user-issued asset. In practise, a Fonds manager buys
a pool of stock on the blockchain and puts them in a publicly known corporate
account from which funds are only spendable by a set of linked accounts (similar
to Multi-Sig in Bitcoin). The manager can then create a new user-issued asset
and sell portions of their portfolio. The advantage for costumers obviously is,
that everyone can verify the funds stored in the Fonds and verify the portfolio
of their Fonds manager.

## Direct Debit Card and Recurring Payments

A debit card for bitUSD/bitEUR or any other bitasset is easily implemented using
the Recurring & Scheduled Payment functionalities of BitShares. Here, any
costumer can authorized a credit card issuer to withdraw up to a predefined
amount of bitUSD from your account in a defined period, e.g. $1k per month, or
$100 per week. With this, it also becomes possible for your landlord to obtain
your rent simply by allowing him to withdraw from your account once per month.

## Random Number Based Services

BitShares offers a decentralized source of entropy (randomness). As many
cryptographic services are based on good public entropy, with BitShares you now
have yet another verifiable and source of entropy.

Stuff that is not covered at all yet are features that can be built upon UIA .. like:

- initial public offers (IPOs)
- gift cards
- fan tokens (similar to baseball cards/BTS Music)
- members ship tokens
- ownership tracking
- authentication (bts login)

Other features that might result in applications:
 - threshold signatures (3rd party trusted-cold storage)
 - document verification

Who every can

• come up with more use-cases or
• add/improve descriptions

please feel free to post here!