Sweetbridge Explained

Today, the world's commercial processes are frequently out of sync, resulting in the costly need for audits, laws, and regulations to protect people and investments. The future is better...

Sweetbridge Platform Overview:

We are designing technology to refocus the way we buy and sell; realigning commerce to be in the best interest of people -- all people. Whether you're an individual, business, or government, the Sweetbridge platform can help you realign and incentivize your commerce for the good of all.

Sweetbridge is more than just a company, product, or application. Sweetbridge is an open-source and member-run project that seeks the benefit of all people everywhere. We are building a network for real-world trade that is simple, secure, fast, inexpensive, and designed for compliance with regulations in each region we operate.

We're building real-time auditing with code that automatically tracks transactions and can be built for automatic compliance with regulations. This allows us to lower risk and create a system where everyone can liberate the value they own, saving time and freeing up money.

But how exactly? A platform that brings it all together.

We are creating a platform that uses the blockchain to keep all parties involved in a transaction in sync, and removes the friction and obstacles of traditional commerce.

We believe basic functions in commerce may now be performed without intermediaries and without external validation as a result of the blockchain.

When the identity of two transacting counterparties can always be reconciled with the aspects of legal title, accounting, and payments, we eliminate the need for intermediaries. This significantly reduces transaction cost and time.

We're making the protocols that support the Sweetbridge platform open source. This blockchain-based protocol provides ingredients needed to solve the biggest challenges of commerce: including trusted identity, access to liquidity, and speedy settlement.

We're using the platform to release a series of native apps we're building, and a platform that developers can use to create their own apps to join us in shaping the Sweetbridge network. You can learn more about our roadmap for building these applications on our Trello board.

You can also sign up to be one of our early Beta testers for the Sweetbridge wallet.

Currencies

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Bridgecoin

BRC

The stable currency of trade in the Sweetbridge Economy.

Real trade at high volumes requires stable currencies. You need to know that the value of the currency you hold won't suddenly decrease before you can buy the goods or services you need. BRC is the stable currency of the Sweetbridge economy.

You use BRC to pay for services and products. All the transactions that happen on our platform happen in BRC. Unlike other stable currencies though, BRC has a few unique features built into its design:

First, BRC is asset backed. Many economies used to have asset backed currencies, for example the US dollar used to be backed by gold. Today most currencies are not asset backed, and are instead constructs of agreed upon worth. Our vision for BRC is different: it will have tangible value attached to it. Better yet, it won’t just be backed by one asset, or asset category, but by a diverse range of assets making it even more stable.

How does this work? The rollout of BRC will be linked to tokenization of assets within the network, meaning that it will be linked to the amount of assets in the economy. As the Sweetbridge Economy grows, and as more types of assets can be tokenized, BRC will be backed by a more diverse pool of assets.

Second, BRC is designed to enable full recovery and recourse on all your transactions. Similar to a credit card, we will be able to clawback money within the system, making it possible for us to guarantee your transaction's legitimacy.

BRC isn't just one currency. There are different BRC for different regions, each pegged to the fiat currency of that region. This helps keep BRC stable and compliant in every region we operate.

Sweetcoin

Sweetcoin (SWC)

The rewards token of the Sweetbridge Economy.

You can think of Sweetcoin like a coupon, but unlike traditional coupons, it can be reused forever so it’s an asset and it is completely transferable. If you don't want to be a member anymore, you can sell your Sweetcoin to someone who does.

Sweetcoin is designed to be allocated for four different uses:

  1. Cashback on in-network purchases, services and interest
  2. Collateral to borrow from its value
  3. Insurance on the value of other assets which increases the line of credit available from them
  4. Stake in the Sweetbridge network
Sweetcoin is like the membership points system of the Sweetbridge network. The more Sweetcoin you own, and hold in the system, the more benefits you receive. The interest we charge is never high, but if you own enough Sweetcoin, you can make it non-existent via Sweetcoin cashback. It's a rewards token like no other available on the market today.

The best thing about Sweetcoin is the more the network grows, specifically the more people and businesses that use our wallet to borrow, buy or sell in-network, the more benefits you get from owning Sweetcoin. Owning a few Sweetcoin today might only provide 10 cents per month in cashback while the network is new, but those same few Sweetcoin could get you 0% interest loans, and significantly lower cost on in-network purchases as the network expands. This means all Sweetcoin owners have a vested interest in growing the economy and inviting more people to join.

Product

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Along with our partners, we are creating a suite of products that provide solutions for the many facets of commerce and money transfer. We're using technology to draw the straightest possible line between you and the outcomes you want such as more liquidity, faster payments, and lower cost of capital. Sweetbridge is your value, unlocked.

View our Trello board to learn where we are at in our product development.

Membership App

Your secure passport to the Sweetbridge network.

The Membership app is your gateway to a growing list of Sweetbrige-enabled applications. It securely guides you through our comprehensive identity process to become a Sweetbridge member. Our robust checks give every Sweetbridge member the peace of mind that everyone in the economy is who they say they are.

Wallet

A portfolio account for all your assets and capital

Banknotes, loose change, credit cards, loyalty cards... Your physical wallet needs to be able to handle whatever you throw at it. We think the same is true of your smart wallet.

That's why the new Sweetbridge Wallet will be able to hold much more than just cryptocurrency. You could hold agreements, assets, liabilities, authorizations, contracts, credentials, medical records and insurance all in one wallet with real-time reporting. What's more, it allows you to see real-time net worth, profit and loss, and cash flow data on all your assets. You can make payments, receive money, link your bank accounts, and automatically track capital gains.

Say goodbye to tax accounting headaches, and welcome in a better way to see all your assets in one place.

Sign up to be among the first to test our wallet as it's being developed.

Membership App

Your secure passport to the Sweetbridge network.

The Membership app is your gateway to a growing list of Sweetbrige-enabled applications. It securely guides you through our comprehensive identity process to become a Sweetbridge member. Our robust checks give every Sweetbridge member the peace of mind that everyone in the economy is who they say they are.

More info+
Less info-

Wallet

A portfolio account for all your assets and capital

Banknotes, loose change, credit cards, loyalty cards... Your physical wallet needs to be able to handle whatever you throw at it. We think the same is true of your smart wallet.

That's why the new Sweetbridge Wallet will be able to hold much more than just cryptocurrency. You could hold agreements, assets, liabilities, authorizations, contracts, credentials, medical records and insurance all in one wallet with real-time reporting. What's more, it allows you to see real-time net worth, profit and loss, and cash flow data on all your assets. You can make payments, receive money, link your bank accounts, and automatically track capital gains.

Say goodbye to tax accounting headaches, and welcome in a better way to see all your assets in one place.

Sign up to be among the first to test our wallet as it's being developed.

More info+
Less info-

Protocols

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All products and services in the Sweetbridge network will be supported by our protocols. A protocol is simply a set of rules and agreements that define how data is communicated between parties, in this case commercial transactions. We all have expectations about how things should be done. For example, if you go to a supermarket you have an expectation there will likely be a line of customers queuing at the checkout, and that you will have to wait your turn. Our expectations in this simple example are governed by a set of simple unwritten rules such as:

  1. The cashier at the checkout can only serve one person at a time;
  2. If there is more than one person who wants to pay for their items, a line should be formed.
  3. The first people to join the line should be the first people to exit the line.

These rules form the basis of successful shopping and we all use them every day. Computers also have these rules for how they communicate and interact, only they are written down in programming form, and can be applied to much more complex scenarios like trade or supply chains. Sweetbridge protocols are rules and conventions that we've written to define what transactions should look like for the next generation of global commerce. If the rules of the economy are set up well, they can protect both the good of the economy itself and the good of the members. Read our whitepapers to learn more about the protocols we are writing.

Accounting Protocols

The first implementation of triple entry accounting that you don't have to integrate with your accounting system.

The Accounting Protocol provides network wide accounting of all transactions in a general ledger with a common but limited chart of accounts. It is not designed to replace the management accounting systems within organizations, but instead is meant to verify accounting treatment of transactions between parties. All Sweetbridge protocols are built using the Accounting Protocol. This protocol is so powerful and simple it makes all of the other protocols possible with only a few man months of effort each. Unlike modern accounting systems, the protocol controls the legal title of assets and their liabilities using smart contracts. It provides a real-time income statement, cash flow, balance sheet and net worth that is verifiable outside of an entity and across counterparties.

Rewards Protocol

The protocol behind Sweetcoin (SWC) which allows anyone to add the power of SWC to their applications, protocols, or business.

This protocol is built on top of the Sweetbridge Accounting Protocol. It uses BRC to create a cashback pool that is distributed to all owners of SWC once a month as cashback. This protocol is automatically supported by any Sweetbridge compatible wallet. Payments processed by the Rewards Protocol automatically track both in-network and out-of-network payments. At the end of each month, the protocol distributes new SWC released as a result of 'proof of economic growth' to users that helped the network grow. Any project or entity will be able to add the power of the Sweetbridge Cashback Rewards system to their project or business through a set of simple APIs.

Value Exchanges

Make high-volume, low-cost transactions

Our value exchanges in the Sweetbridge network will be designed to enable exchanges between any major currency (fiat, crypto, virtual) commodities or tangible assets worldwide. The process is seamless and effortless. Most of the time the process is invisible to users - so that you barely notice you're keeping your money in a cryptocurrency. At the point of sale, it automatically converts in real-time to your designated fiat, so you can move about your life without worrying about converting your BRC into cash currencies useable in today's marketplaces.

No-Risk Settlement

Get paid faster and take more time to pay your bills

Payment terms needn't slow you down or hamper your business growth. In the Sweetbridge network, we're developing ways to reduce or eliminate almost everything undesirable about traditional payment terms.

In the Sweetbridge network, you can reduce working capital requirements to as little as zero, lower supply chain costs, eliminate the need for letters of credit and trade financing, and reduce counterparty risk. In essence, you can increase what matters most to growing your business: increasing cash equivalents on your balance sheet.

Sweetbridge Loans

Money from anything

Integrated with our smart wallet, our loan product will allow members to release liquidity stored in their assets.

We think you'll agree there isn't a loan product on the market that is as flexible as our loans protocol. After all, you will be able to decide what the terms, the due date, and the interest rate will be. Oh, and did we mention there's no credit check, loan application or background check required? It's simple: one loan that you control for all of your assets. Refinance at anytime or skip payments if you have the credit available. There's nothing like this in the market now. This is one of the most exciting products we are building. We can't wait to take it to market.

Shared Talent

Monetize your skills and your talents

What if you could measure the exact value your work had in the economy? What if you could be paid based on that value? What if creative workers could be paid not just one time for the work they create, but every time their work was used in the economy? At Sweetbridge we think there's a better way to monetize and share talent. With our Shared Talent App, we will be able to tie payments to measurable outcomes within markets and supply chains rather than just arbitrary projects, or hourly rates. With Blockchain technology it's possible to write smart contracts that automatically pay someone whenever something else happens, for example whenever their work is used, or whenever a measurable result occurs from the use of their work. We think this could spark a renaissance in how work is valued.

Shared Resources

Optimize your resources to eliminate waste and inefficiency

Our Shared Resources application will allow anyone in the network who has a need, say for warehouse space, to connect with members who can meet that need, for example, a Sweetbridge member who has empty warehouse space. The goal is to reduce waste and lower operating costs through a shared network of resources, and a supply chain that's entirely connected and transparent.

Accounting Protocols

The first implementation of triple entry accounting that you don't have to integrate with your accounting system.

The Accounting Protocol provides network wide accounting of all transactions in a general ledger with a common but limited chart of accounts. It is not designed to replace the management accounting systems within organizations, but instead is meant to verify accounting treatment of transactions between parties. All Sweetbridge protocols are built using the Accounting Protocol. This protocol is so powerful and simple it makes all of the other protocols possible with only a few man months of effort each. Unlike modern accounting systems, the protocol controls the legal title of assets and their liabilities using smart contracts. It provides a real-time income statement, cash flow, balance sheet and net worth that is verifiable outside of an entity and across counterparties.

More info+
Less info-

Rewards Protocol

The protocol behind Sweetcoin (SWC) which allows anyone to add the power of SWC to their applications, protocols, or business.

This protocol is built on top of the Sweetbridge Accounting Protocol. It uses BRC to create a cashback pool that is distributed to all owners of SWC once a month as cashback. This protocol is automatically supported by any Sweetbridge compatible wallet. Payments processed by the Rewards Protocol automatically track both in-network and out-of-network payments. At the end of each month, the protocol distributes new SWC released as a result of 'proof of economic growth' to users that helped the network grow. Any project or entity will be able to add the power of the Sweetbridge Cashback Rewards system to their project or business through a set of simple APIs.

More info+
Less info-

Value Exchanges

Make high-volume, low-cost transactions

Our value exchanges in the Sweetbridge network will be designed to enable exchanges between any major currency (fiat, crypto, virtual) commodities or tangible assets worldwide. The process is seamless and effortless. Most of the time the process is invisible to users - so that you barely notice you're keeping your money in a cryptocurrency. At the point of sale, it automatically converts in real-time to your designated fiat, so you can move about your life without worrying about converting your BRC into cash currencies useable in today's marketplaces.

More info+
Less info-

No-Risk Settlement

Get paid faster and take more time to pay your bills

Payment terms needn't slow you down or hamper your business growth. In the Sweetbridge network, we're developing ways to reduce or eliminate almost everything undesirable about traditional payment terms.

In the Sweetbridge network, you can reduce working capital requirements to as little as zero, lower supply chain costs, eliminate the need for letters of credit and trade financing, and reduce counterparty risk. In essence, you can increase what matters most to growing your business: increasing cash equivalents on your balance sheet.

More info+
Less info-

Sweetbridge Loans

Money from anything

Integrated with our smart wallet, our loan product will allow members to release liquidity stored in their assets.

We think you'll agree there isn't a loan product on the market that is as flexible as our loans protocol. After all, you will be able to decide what the terms, the due date, and the interest rate will be. Oh, and did we mention there's no credit check, loan application or background check required? It's simple: one loan that you control for all of your assets. Refinance at anytime or skip payments if you have the credit available. There's nothing like this in the market now. This is one of the most exciting products we are building. We can't wait to take it to market.

More info+
Less info-

Shared Talent

Monetize your skills and your talents

What if you could measure the exact value your work had in the economy? What if you could be paid based on that value? What if creative workers could be paid not just one time for the work they create, but every time their work was used in the economy? At Sweetbridge we think there's a better way to monetize and share talent. With our Shared Talent App, we will be able to tie payments to measurable outcomes within markets and supply chains rather than just arbitrary projects, or hourly rates. With Blockchain technology it's possible to write smart contracts that automatically pay someone whenever something else happens, for example whenever their work is used, or whenever a measurable result occurs from the use of their work. We think this could spark a renaissance in how work is valued.

More info+
Less info-

Shared Resources

Optimize your resources to eliminate waste and inefficiency

Our Shared Resources application will allow anyone in the network who has a need, say for warehouse space, to connect with members who can meet that need, for example, a Sweetbridge member who has empty warehouse space. The goal is to reduce waste and lower operating costs through a shared network of resources, and a supply chain that's entirely connected and transparent.

More info+
Less info-