PO8: Blockchain Ecosystem Democratizing and Decentralizing The Mari...

PO8 is a blockchain ecosystem democratizing and decentralizing the marine archaeology industry. Our scalable technologies take ocean exploration to new heights in search of historical artifacts and treasures, and provide decentralized solutions for the registration, authentication, and transfer of the world’s most prized artifacts

Industry Challenges

Divided Community: Divisions and lack of collaborative framework between competing marine archaeology interest groups.

High Salvage Costs: Recovery expeditions can easily go into the millions, creating a barrier to entry feasible by only a handful of companies with resources.

Centralized Auction Process: Selling priceless treasures or artifacts can cost salvage companies, governments and other owners anywhere from 12 to 20% in sales commissions

OUR BLOCKCHAIN ECOSYSYTEM

PO8’s contributions go beyond ocean exploration and promoting responsible commercial salvage. Our ecosystem ensures preservation of cultural heritage, responsible commerce of valuable artifacts and the creation of a PO8 Stablecoin.

FOUNDATION: The PO8 Foundation will be a custodial recipient of some of the discovered artifacts to be shared with the world to view through travelling exhibitions.

AUCTION: Our Historical Open Auction Platform (HOAP) is a decentralized auction platform ensuring responsible commerce of historical artifacts while providing a secure, transparent and cost effective place to buy and sell precious treasures.

REGISTRY: The PO8 Historical Artifact Registry System (PHARS) creates a method to identify historical artifacts and certify their authenticity permitting government agencies, museums and organizations to register historic artifacts.

RESERVE: A portion of the recovered treasures such as gold and silver will be placed in the P08 reserve and pegged to the P08 token, resulting in token stability.

Technology

The following outlines the software and system blueprints for different parts of the PO8 business model. This includes tokens, sm art contracts, registration services, decentralized auctions, client apps and background systems.

Blockchain Technology Usage

Cryptocurrencies: PO8 and SILVER Smart contracts will define PO8 and its SILVER sub-token “Reward Token Data Mining” with conversions rates TBD. Token Generation Event (TGE) investors will receive a discount on a limited amount.
Smart Contracts: These are private, pre-sale and crowd sale contracts created to manage registration of buyers, token sales, token distribution, bonus distribution and lock up periods.
Registration Services: The PO8 Historic Artifact Registration System (PHARS) allows government agencies, museums and organizations to register historic artifacts. PHARS will create a unique identification and decentralized registration system, that lives in the Block Chain indefinitely.

Decentralized Auctions

Client Apps and Backend Systems

Client Applications

ERC20 Full Wallet: A regular ERC20 wallet client to connect to the decentralized Ethereum network, which features smart contract scripting, and handle multiple tokens, such as PO8 and SILVER.
Buyer Client App: Users download and participate in auctions to buy historical artifacts u sing their PO8 wallet.
Seller Client App: Sellers can register and sell any historical artifact. The seller will register via the HOAP or GAAS systems to create a smart contract for the auction.
Data Mining App: Users that hold PO8 tokens can use this app to participate in small, automated and interactive tasks that will aid in the treasure hunt. Users receive a reward in SILVER tokens based on their contribution and PO8 holdings.

Backend Systems

PHARS

PHARS will live mostly on the blockchain network. The system informs of methods users can employ to uniquely identify historical artifacts. It will serve as a decentralized registry for all artifacts around the world. Once an artifact is registered as authentic, the sy stem ensures it will carry a unique signature for any transaction.

HOAP and GAAS

This system will auto-generate and publish Smart Contracts for sellers, that seek to sell their historical artifacts with the PO8 auction model. HOAP and GAAS will handle direct transactions between buyers and sellers. It will also verify the identity of the seller and buyer (KYC).