DGES Documentation
  • Welcome to DGES
    • Problem Statement
    • Tasks
    • Goals
    • Proposed Solutions
  • Ecosystem Overview
    • Platform Overview
    • Ecosystem Tokens
      • GeoNFT (GNFT)
      • LandNFT (LNFT)
      • RoyaltyNFT (RNFT)
  • Ecosystem Commissions and their Distributions
  • DAO and Governance
    • Voting Mechanism
    • DGES DAO Reserve
    • Mitigation of DAO Attacks
    • No Native Token
  • Use of Funds
  • Technology
    • Blockchain Infrastructure
    • GNFT
      • GNFT Extensions Library
    • LNFT
    • RNFT
    • DAO
    • Integration with Other Blockchains
    • Development Tools
    • Security Measures
      • Audits
  • Use of Funds
    • Road Map
  • Socials
    • Contacts
  • Marketplace
    • NFT Marketplace
      • Mint
      • Sell
    • Terms and Definitions
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  1. Welcome to DGES

Problem Statement

With the advancement of technology, we increasingly turn to digital tools that help us find, process, and store information. In other words, we use these tools to track and manage almost any process in our daily lives.

The digital landscape offers many technological solutions related to data management tied to geolocation for both users and businesses in various fields, from supply chain management to social interaction applications. However, despite the wide functionality of these solutions, there are serious problems associated with:

  • Centralised structures of these applications and trust in these structures

  • Fulfilment of obligations and asset security

  • Privacy and long-term data storage

  • Transparency of operations, reliability, confidentiality, and pricing policy

The quality and reliability of data provided by existing applications—such as the accuracy of information about time, place, and events—depend on the integrity of data providers and their operational stability. This poses a significant risk:

  • If a provider discontinues their services, suffers a cyberattack, or significantly updates the application, the continuity of data—and, consequently, the entire system—could be at risk.

Such problematics with currently existing solutions make it clear: A decentralised platform that ensures data reliability, stability, compatibility, and integrity is needed.

Decentralised Blockchain Solutions

Decentralised blockchain solutions with integrated smart contracts can successfully solve all the above-mentioned problems by:

  • Optimising processes

  • Eliminating the human factor

In the next generation internet (Web 3.0), blockchain plays a key role in the interaction between businesses and consumers of goods and services.

However, despite the obvious advantages of blockchain technology, it remains amateur and requires solving a number of issues to become fully integrated into our daily lives. These issues will be discussed further.

The Evolution of Money and Cryptocurrencies

The invention of money as a universal unit of exchange to measure the value of products and services has allowed humanity to evolve significantly, optimising and rapidly transforming the barter economy that existed before. In other words, it optimised the natural exchange of unique values.

In decentralised blockchain networks, this function is performed by cryptocurrencies, which:

  • Optimise the processes of exchanging goods and services

  • Eliminate intermediaries through the tokenisation of units of exchange

  • Enable the creation of smart contracts with pre-set parameters and mechanisms

The problem with implementing these solutions lies in the huge gap between the blockchain industry and the real sector of physical businesses and consumers of goods and services.

Currently:

  • Most cryptocurrency projects aim at creating substitutes for banking products within the cryptocurrency sector.

  • These projects are highly specialised, confined within their own blockchains, imposing their native tokens on users.

  • They are often created and used only for speculative purposes.

The Need for Tokenisation of Unique Values

The significance of money as a unit of exchange in our daily lives is difficult to overestimate, and today we have the opportunity to use cryptocurrencies instead.

However, there is an even more significant problem hindering the full adoption of blockchain technologies in our everyday lives: The lack of tokenisation of the most fundamental type of assets—the unique values themselves.

In other words, there is a lack of tokenisation of:

  • Ownership rights to goods and services

  • Physical and intellectual property

  • All types of information requiring transparent and reliable recording

This process is necessary to enable the use of smart contracts in the exchange of unique values using cryptocurrencies.

The Role of NFTs

The technology of non-fungible tokens (NFTs) successfully addresses this problem by reliably recording the unique parameters of any object in the blockchain network.

However, despite the huge potential of this technology, most NFT projects use it very narrowly, mainly to promote NFT collections of digital images, which often cannot be converted into practical and valuable assets.

This trend diverts society from understanding the technology and its potential useful applications in all areas of life and, consequently, broader acceptance.

To address these issues, our team has formulated a series of:

  • Tasks

  • Goals

  • Proposed solutions

NextTasks

Last updated 5 months ago