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The Otonomist - June 20 Issue

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The Otonomist

June 11 · Issue #3 · View online

Our monthly missive with editor content and curated links, mainly on how to build businesses on blockchain.
Welcome to the June 2020 issue of The Otonomist. This month, we present a general model for asset tokenization using US LLCs. We also make the case for blockchains as digital jurisdictions and how they could ultimately acquire sovereign status. Finally, we list some business tools we could not live without.
– Han, Founder & CEO, Otonomos
THE INSIDER
A General Model for Asset Tokenization
Want a share in the revenue of every Beatles song played? Tokenize their back catalogue! (Source: wikipedia.org)
Want a share in the revenue of every Beatles song played? Tokenize their back catalogue! (Source: wikipedia.org)
Blockchain’s killer app may well be capital formation and fractional title.
An instant on-chain legal wrapper that can raise funds and hold title to any asset is arguably one of the primitives of the decentralized space.
In this month’s leader, we present a general model for asset tokenization using smart contracts to record ownership and manage payouts.
Read it here
UNBOUNDED THINKING
Sovereignty on Blockchain: Towards Escape Velocity from the Nation State
The Knights Templar: A template for sovereignty without territory or statehood (Source: britannica.com)
The Knights Templar: A template for sovereignty without territory or statehood (Source: britannica.com)
Could blockchains ever acquire sovereign status to become jurisdictions in their own right?
We look at historic precedents for sovereign communities without physical territory and how the future could have multiple overlapping and competing offchain and onchain jurisdictions.
Read more here

MEANWHILE, OVER AT OTONOMOS…
The Combo Meal: A Wyoming LLC + Wyoming Trust
Does this come with a Trust? Try our Wyoming combo meal.
Does this come with a Trust? Try our Wyoming combo meal.
Our phone (Telegram) has been ringing off the hook after last month’s post on how to DAOfy your legal setup.
There’s manifest demand from the community to decentralize the governance of their project without losing legal integrity.
So we’ve spent some more time with our Wyoming counsel and are happy to share what we learned to see how an LLC + Trust combo could work for you.
Schedule a FREE 30 mins call here if you like to know more.
FOUNDER’S NOTES
10 Business Tools We Could Not Live (Work) Without
If the litmus test for a product or service is that one can’t live without it, then for us the following tools qualify:
  • Calendly just saves time by avoiding the email ping pong on what meeting times work.
  • Coinpayments.net may be slightly clunky but is great when you invoice clients in fiat but want to offer them a choice of cryptos to pay in.
  • Dashlane.com or any other secure password manager with browser extension.
  • DuckDuckGoGo for less surveilled search.
  • Mercury as one of the first neobanks in the US who shows how fiat banking should be done; Wyre for crypto to fiat offramp into Mercury.
  • Protonmail and Protonmail VPN.
  • Out of the many invoicing tools, SimpleInvoices is, well, the simplest: it does just what it says on the tin without over-engineering.
  • Tresorit for fully encrypted (be it centralized) file storage.
  • A Trezor or Ledger hardware wallet.
  • Walletconnect makes your Desktop dApp talk to your mobile wallets such as Trustwallet.
NB - None of the above paid us for our endorsement!
Next month: In your inbox mid-July, our summer issue of The Otonomist with special guest authors, progress on the Otonomos Foundation and an update on OtoCo.
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