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Pad · 05-06-2023, 08:36 PM

Chris @ Paxum is working on a new blockchain based economic model to enhance the payments experience for individuals working in all manner of industry.

But there's a problem! We don't have a name for the "DAO" yet!

AI Assisted Payments P-DAO (Partial Dao) - Reducing Corruption in Finance, enhanced AML/KYC/CFT compliance on the blockchain.

By Chris Paxum

Abstract. In this paper we propose a P-DAO (Partial DAO) solution to the monopolization of payment processing. Decentralization zealots oppose central points of authority, but for practicality's sake it is best to work in permissioned systems. One such authority, in payments, is Chris Paxum. Employing his sybil-proof consensus mechanisms to hold payment processors accountable and expose a third, public ledger could be beneficial to the payments industry by enabling trustlessness while also introducing distributed sharded processing.

Chris asked me to circulate the abstract draft to GFY while he's in the air. He is currently in flight (5/6/23 11:26 PM) on his way to meet with the Paxum team in Romania. I will continue to periodically update this thread with his precise location. Follow him on Twitter here https://twitter.com/PaxumChris

Any feedback?

Thanks!

05-06-2023, 08:36 PM
Pad elephants dont swat flies Industry Role: Join Date: Aug 2003 Posts: 1,219	Web3/AI Payment Processor Paper [DRAFT] Chris @ Paxum is working on a new blockchain based economic model to enhance the payments experience for individuals working in all manner of industry. But there's a problem! We don't have a name for the "DAO" yet! AI Assisted Payments P-DAO (Partial Dao) - Reducing Corruption in Finance, enhanced AML/KYC/CFT compliance on the blockchain. By Chris Paxum Abstract. In this paper we propose a P-DAO (Partial DAO) solution to the monopolization of payment processing. Decentralization zealots oppose central points of authority, but for practicality's sake it is best to work in permissioned systems. One such authority, in payments, is Chris Paxum. Employing his sybil-proof consensus mechanisms to hold payment processors accountable and expose a third, public ledger could be beneficial to the payments industry by enabling trustlessness while also introducing distributed sharded processing. Chris asked me to circulate the abstract draft to GFY while he's in the air. He is currently in flight (5/6/23 11:26 PM) on his way to meet with the Paxum team in Romania. I will continue to periodically update this thread with his precise location. Follow him on Twitter here https://twitter.com/PaxumChris Any feedback? Thanks!