Quick Update: Building Infrastructure for STORE Governance 🏗️
We're making steady progress in developing the infrastructure for the treasury, security, execution, and judicial branches of STORE Governance. Our team is working on three key protocols to automate and scale STORE's economy, ensuring it is publicly auditable and manageable while complying with regulations in Switzerland, the United States, and beyond.
1. 🌐 CLEAR Protocol
CLEAR automates payments and compliance, enabling seamless money flow through the STORE economy. It supports both on-chain transactions for crypto assets and off-chain transactions, starting with US dollars, USDC, BTC, ETH, and STORE. The public can access reports on CLEAR activity directly in the STORE protocol, with the protocol itself covering the costs of permanent storage. This is a critical step towards establishing an autonomous global economy for computing and AI.
2. 📊 LEDGER Protocol
LEDGER tackles the challenge of reporting and tax compliance for the STORE economy. Maintaining compliance across multiple currencies and jurisdictions is a significant hurdle in the industry today. By automating accounting and billing processes, LEDGER aims to streamline financial management for crypto-related projects and companies.
3. 🌍 ATLAS Protocol
ATLAS serves as a logistics and communication system within the STORE protocol. It enables branches to propose, vote on, and implement protocols under a system of checks and balances, ensuring democratic consensus on all matters, including payments. Once operational, ATLAS will facilitate public reporting of governance activities across all branches, up to the governor board and governor DAO.
Our ongoing investment in permanent storage, on-chain verification, and public reporting forms the bedrock upon which these protocols will be built. By developing these tools, we are positioning ourselves as a globally governed, publicly auditable economy. The team has been dedicating significant effort to this endeavor, and I am confident that we are progressing at the optimal pace with the right talent to bring these infrastructural components to fruition and prepare for the launch of STORE.