The initial implementation of the Karuschain platform aims to provide the tracking and tracing capacity to limit the impact of the following global compliance burdens:
• OECD(Organization for EconomicCooperation and Development) and LBMA(LondonBullion
Market Association), responsible for sourcing and due diligence;
• Downstream companies’ CSR (Corporate Social Responsibility) obligation in
Electronics and Jewellery;
• Hardening points on the supply chain to respond to UNICRI’s (United Nations Interregional Crime
and Justice Research Institute) finding of criminal actors within the chain;
• Downstream product end user proof-of-ownership (bullion etc.);
The Karuschain platform will use the Hyperledger software family, our implementation of sophisticated smart contracts (chaincode), and the management of key data flows from legacy systems and innovative hardware throughout the precious metals supply chain to better manage how to unify, protect, trace, and track the precious metal data flows from the greatest number of supply chain participants on the Karuschain platform.
Further details of the platform, the services we will offer and the technology powering the whole project (collectively, the “Karuschain Platform”) are set out in this Whitepaper.
Token Sale Period Phases
Token Sale will be conducted on named exchanges. This initial exchange offering will be publicly announced and information will be available on www.karuschain.com
Total Token Supply
KRS – during Token Sale Period
US $0.10 = 1 KRS, exclusive of transaction fees or costs
karuschain 6 Whitepaper
No minimum investment for Public Initial Exchange Offering Sale Contributors
Accepted Methods of Payment
BTC or ETH transferred to the respective digital addresses specified on the exchanges authorised by
Karuschain as detailed on the KaruschainWebsite, payable at the applicableBTC or ETH price determined by the market rate on the listing exchanges at the time of purchase.
Distribution of Purchased KRS Tokens (KRS)
Contributors to receive KRS upon activation via smart contracts.
The Karuschain platform uses the Ethereum and Hyperledger blockchains, our implementation of
sophisticated smart contracts (chaincode), and the management of key data flows from legacy systems and innovative hardware throughout the precious metals supply chain. Karuschain platform technology will allow supply chain participants to determine the source of the metal
as it flows downstream. It will allow them to track the metal from the source onwards, and then for other participants to trace it backwards to the source. It will allow a participant’s compliance department to determine what compliance data to store on its private blockchain channel and with whom to share read-only access
Our mission is to create valuable and targeted transparency for every participant in the precious metals market and supply chain. Our founder has experienced the need for a technological mechanism that promotes transparency while running businesses in the precious metal extractive industry and acquiring precious metal for investment/value storage purposes.
We strongly believe that blockchain technology and its core advantages over conventional systems form the foundation of Karuschain’s ability to reforge the complex, multinational precious metal supply chain.