Upload
others
View
2
Download
0
Embed Size (px)
Citation preview
Copyright © 2020~2021 AROWANA TECH PTE. LTD.
Reliable-Digital Asset Platform
for Gold Market Innovation
Confidential Document
This document contains confidential information that has not yet been published.
Copying and/or distributing this document without the permission of the author can lead to civil and
criminal measures.
Arowana TokenWhite Paper
Version 0.96
Copyright © 2020~2021 AROWANA TECH PTE. LTD.
Index
01. Summary
02. Project Introduction
2.1. Our Mission
2.2. Key Points
03. R-DAP (Reliable-Digital Asset Platform)
3.1. What is R-DAP?
3.2. Digital Asset Ecosystem
04. Project Service Model
4.1. Digital Gold Voucher
4.2. Digital Gold Pawnshop
4.3. Digital Code
4.4. Hancom Pay
4.5. Shopping Mall
4.6. Gold Auction
05. ARW Token
5.1. ARW Token Use Case
5.2. ARW Token Distribution
06. Business Partners
6.1. ARW Hancom Partners
6.2. ARW Hancom Partnership Vision
07. Team Introduction
08. Project Roadmap
09. Closing
2
Copyright © 2020~2021 AROWANA TECH PTE. LTD.
Table[Table 1] ARW Token Distribution
[Table 2] ARW Token Usage
Figure[Figure 1] Gold Life Cycle
[Figure 2] Hancom Arowana Gold Ecosystem
[Figure 3] R-DAP Characteristics
[Figure 4] R-DAP Diagram
[Figure 5] Digital Asset Ecosystem
[Figure 6] DAML Architecture
[Figure 7] R-DAP Interoperability Schematic Diagram
[Figure 8] Digital Gold Voucher Trading
[Figure 9] Digital Pawnshop
[Figure 10] Digital Code Overview
[Figure 11] Digital Code Technology Applications
[Figure 12] Hancom Pay Service Overview
[Figure 13] Hancom Pay Architecture
[Figure 14] Multi-complex Shopping Mall
[Figure 15] Gold Auction
[Figure 16] ARW Token Business Model
[Figure 17] Hancom Arowana Platform Ecosystem
[Figure 18] Hancom Arowana Platform Ecosystem Vision
3
Copyright © 2020~2021 AROWANA TECH PTE. LTD.
Gold has carried a meaningful significance as the most important asset with real value throughout history
to this day.
Despite the enormous intrinsic value of gold, the actual distribution market is marred with various
problems such as the lack of trust in the quality of the mining process, the processing, the selling of gold,
the lack of transparency in the transaction process, the number of untraceable transactions and the
double taxation. Additionally, not everyone can easily participate in gold trading because its transport
and distribution around the world are not as freely exercised as real assets.
Due to gold’s large spread between the bid and ask prices, the gold price needs to rise usually by at
least 20% to be able to sell the gold without a loss. This is the reason gold depreciates by 1.5% due to
labor costs, VAT, fees, and losses when melting gold. The market price of gold is determined by a
complex calculation method that is influenced by the real-time international gold price and exchange
rate. Therefore, in consideration of the international market price and supply and demand situation,
companies set their own standards and use them, but it is not consistent, and in most cases, profits are
made through single-shot trading. It should be noted that there is a difference between the price of
imported gold and the price of gold purchased for the general public. The current gold distribution
process is so complex and opaque that untracked transactions are commonplace. If individuals buy gold
20% cheaper than the international market price and then sell it abroad, they can earn a profit, but this
can also lead to negative transactions and outflow of national wealth.
Our Arowana (ARW) project aims to resolve such issues by making the gold market’s distribution
process more reliable by utilizing blockchain, artificial intelligence, and cloud computing technology. The
project will also contribute by nurturing gold-related businesses and providing a platform that facilitates
the guarantee, exchange, and trading of gold.
To make gold accessible to everyone and to make gold ownership easier, the trust in and security of the
ARW brand must be built. The biggest difference from other gold token projects is that various new IT
business technologies such as Hancom’s digital code and robots are connected like a net under
blockchain, AI, cloud computing to support digital vouchers, digital pawnshops, multi-complex shopping
malls, Hancom Pay, and Gold Auction services. Through these innovative technology applications, we
provide a functional and profitable business model, and the holders of real gold and ARW token can
minimize the associated costs.
01. Summary
[Figure 1] Gold Lifecycle
4
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 5
A new gold distribution ecosystem is needed to solve the problems of the existing gold distribution
ecosystem. The ARW project aims to create an Arowana Gold Jewelry ecosystem that provides reliability
and transparency by using innovative technologies such as blockchain, artificial intelligence, and digital
code.
It transparently manages the stages from raw gold to processing, distribution, and sales with blockchain
technology, and enables safe transactions after digitizing real assets based on the R-DAP (Reliable-Digital
Asset Platform).
Based on this, it provides convenient and differentiated services to users, such as real gold-based digital
gold voucher issuance and transaction service, digital asset-based mortgage loan service, and a multi-
complex shopping mall that combines metaverse and artificial intelligence technology.
In addition, the Arowana Foundation issues ARW tokens which are used by participants in the Arowana
Gold Jewelry Ecosystem and operated for the purpose of value sharing and coexistence of the project.
02. Project Introduction
2.1. Our Mission
Our goal is to provide a “transparent gold distribution ecosystem with digital financial
services by combining innovative technologies such as gold vouchers and digital codes
based on blockchain, artificial intelligence, and the cloud” through this project.
[Figure 2] Hancom Arowana Gold Ecosystem
Raw Gold Ore Processing GoldMulti-Complex
Shopping Mall
Digital
Assets
Transparency Trustworthy Digital Voucher Digital Code Valuation
Digital Finance
Digital Pawnshop
Digital Voucher
Digital Assets
Management
(Hancom Pay, ARW) 1
2
3
4
5
Auction6
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 6
Use of blockchain technology solves the problem of trust and reliability that occurs during the process of
importing, processing, and distributing gold.
Information from the point of import to the processing and distribution (e.g., when, where, and by what
process the gold jewelry was provided to consumers) is recorded on the blockchain and transparently
disclosed.
• Gold Distribution Transparency
The key aspects of the ARW Project are as follows:
The Arowana platform applies Hancom's cutting-edge technologies and provides a blockchain-based digital
financial platform for gold trading by combining artificial intelligence, blockchain, and cloud technologies.
- Arowana Gold Voucher trading platform applies blockchain technology to ensure transparent and convenient
transactions.
- Arowana gold jewelry products can be authenticated by inserting a digital code and the user's content can be
recorded.
- In the multi-complex shopping mall, XR (VR + AR) technology, the core technology of Metaverse, is applied to
make it easy and enjoyable for anyone.
- It provides a better purchasing experience, analyzes user patterns, and recommends customized products
using Hancom's artificial intelligence technology.
- All services are built on for the cloud to ensure high availability and global scalability.
• Innovative Technology Platform Integration
It provides an environment for issuing and trading digital vouchers for real gold using R-DAP (Reliable-
Digital Asset Platform).
Digital vouchers are guaranteed based on a blockchain, can be exchanged in kind, and will further
provide digital asset-based financial services such as loans and deposits.
• Digital Assets
- It provides a service for purchasing, trading, exchanging, and withdrawing a digitized voucher for real
assets.
- It provides a digital pawnshop service that allows a loan with digital assets as collateral.
- It also provides a convenient payment environment through Hancom Pay, which provides a variety of
payment methods at once.
- It provides an auction service that allows users to trade P2P after appraisal of the amount of money
they own.
• Differentiated services
2.2. Key Points
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 7
03. R-DAP (Reliable-Digital Asset Platform)
R-DAP offers efficient digital asset management, fast and secure transactions, and simple trading of
digital products.
3.1. What is R-DAP?
[Figure 3] R-DAP Characteristics
ARW Framework
The R-DAP service platform uses ARW tokens (utility tokens) to support an efficient exchange and
consumption of a diverse range of multi-media goods and services.
[Figure 4] R-DAP Diagram
Infrastructure Cloud infrastructure Digital asset platform
Key
Technology
Digital ID Digital Code
Service
User
ChannelMobile
Service App
PC WebService Web
PC WebAdmin Web
General User Corporate User Administrator
Blockchain platform
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 8
3.3. Why R-DAP?
R-DAP builds an ecosystem of valuable digital assets through six innovative services that do not exist in
the current gold market.
3.2. Digital Asset Ecosystem
partner
[Figure 5] Digital Asset Ecosystem
R-DAP provides the following main features:
• Certified cloud-based infrastructure
Resource allocation of the authorized cloud is built on elastic usability that adapts to the business’
situation.
1) Fast resilience and efficient use of resources
Built with responsive cloud-based services to support global customers in minutes.
2) Optimized for global business
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 9
R-DAP plans to support sequential issuance, exchange, and trading of assets in the digital asset
ecosystem (Figure 5) according to the different types and uses of NFT, FT, and Hybrid tokens.
1) Digital asset issuance and management
Digital assets issued on R-DAP reduces digital conversion and compliance costs by complying with
domestic and foreign financial supervisory agency regulatory and digital asset guidelines, enabling smart
contract-based transactions.
2) Compliance with domestic & international digital asset
guidelines
In partnership with an ISMS-certified, trusted wallet company, R-DAP provides multi-signature support for
the secure protection of digital assets.
3) Digital asset protection
• Blockchain-based digital asset management
R-DAP designs optimized digital assets based on DAML (Digital Asset Modeling Language) and provides
contract modeling Multiple Party Agreement (MPA).
4) DAML & contract modeling
[Figure 6] DAML Architecture
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 10
R-DAP supports multi-blockchain (protocol) architecture for high scalability and interoperability.
5) R-DAP Blockchain Compatibility
Contract & TX / Confirmation layer (Pre Trade) : DLT (Financial contractability, Observability, Privacy, Enforceability)
Accounting / Ledger-DB layer (Post Trade): Blockchain (Tokenization, Verifiable finality)
interoperability
[Figure 7] R-DAP Interoperability Schematic
• AI-based platform
For customers of R-DAP's services, the chatbot provides service usage guidance, related product
questions and answers.
- In conjunction with the AI-based natural language processing engine, the chatbot services a customer
response manual, data-based FAQ learning, and a text-based AI chatbot that executes interactive natural
language-based inquiry and transaction commands.
- Speech recognition (STT) and speech synthesis (TTS) functions will be deployed later to provide
specialized learning and a familiar voice interface.
1) AI-powered chatbot
XR-based jewelry virtual fitting provides buyers with an immersive service experience.
2) AI-based virtual fitting
- When selecting a product, the camera is used to process realistic images as if the product was being
worn.
- Real-time AI video synthesis function based on input video data and selected products can be used to
enhance the virtual fitting function further.
After analyzing the customer's investment propensity, we recommend investment products suitable for
user’s investment propensity. The recommendation service is provided step-by-step by securing and
learning the price fluctuations of items such as gold/precious metals.
3) AI-based asset management
Copyright © 2020~2021 AROWANA TECH PTE. LTD.
4.1. Digital Gold Voucher
04. Project Service Model
Digital gold vouchers based on real gold can be provided to allow users to make transactions,
purchases, and exchanges between individuals and businesses.
A. Buy gold vouchers based on physical gold
Users can purchase and trade digital gold vouchers issued through R-DAP using cash, spot or ARW
tokens.
• When you bring real gold to Arowana Gold Exchange, gold is appraised (purity and weight
verification) and deposit is exchanged for digital gold vouchers
• Use Hancom Pay to purchase a digital gold voucher by paying in advance, a simple payment, or a
general payment
• ARW token holders can purchase gold vouchers on the voucher purchase platform
Transactions: Transactions of digital vouchers are divided into 1) individuals and individuals, 2)individuals and businesses, and 3) transactions between operators, and R-DAP supports all three typesof transactions.
Exchange: We also provide a service to exchange mileage owned by partner companies or their own
mileage for digital vouchers
Withdrawal: Digital gold vouchers can be withdrawn in real gold. Withdrawals are provided through the
Arowana Gold Jewelry Exchange.
Different taxes are levied depending on the country from which it is withdrawn.
[Figure 8] Digital Gold Voucher Transaction
B. Digital gold voucher transaction process
11
Copyright © 2020~2021 AROWANA TECH PTE. LTD.
4.2. Digital Gold Pawnshop
Arowana provides a service that allows you to borrow cash using a digital gold voucher or physical gold
as collateral.
Customers who need funds can borrow money using various gold products (pure gold, art gold products,
gold coins, etc.) as collateral, and can receive the collateral back after repayment of the loan.
[Figure 9] Digital Pawnshop
Digital financial platform
precious metalmortgage loan
products
Loan Company
loan managemen
t
Digital Gold Voucher Delivery
Loan execution
digital assetsmortgage loan
products
User
Jewelry Appraisal
・Loan application: Apply for a cash loan with real gold and digital gold vouchers as collateral
・Loan repayment: Collateral is returned after repayment of the loaned product
・Loan liquidation: If the loan is not repaid, the collateral is liquidated.
12
Copyright © 2020~2021 AROWANA TECH PTE. LTD.
4.3. Digital Code
By applying digital codes to various objects and sounds, it provides authenticity authentication and
various digital contents.
A. Issuing, warranting, and printing a trusted warranty card
B. Guaranteed Gold, Diamond Value and Quality
C. Guarantee of authenticity and provide appraisal
D. Life content provision
[Figure 10] Digital Code Overview
Coding technologies such as dot and color pattern, latent image, and digital pattern are applied to the
image.
[Figure 11] Digital code application technology
13
Copyright © 2020~2021 AROWANA TECH PTE. LTD.
4.4. Hancom PayHancom Pay provides an all-in-one integrated payment service that enables payment in various
payment environments at once.
・General payment: Card payment, real-time account transfer, virtual account transfer
・Simple payment: Provides simple payment through card and account registration
・Hancom Cash: Prepaid payment through charging
[Figure 13] Hancom Pay Architecture
[Figure 12] Hancom Pay Service Overview
Hancom
Pay
App
User
Service Payment
General/Simple Payment
Credit Card Virtual AccountBank Transfer
Hancom Pay Management
Hancom Cash (Prepaid)
Token PaymentPrepaid Payment
P
Account RegistrationCard Registration
Operation SettlementBack Office
14
Copyright © 2020~2021 AROWANA TECH PTE. LTD.
4.5. Shopping Mall
Arowana Multi-complex Shopping Mall is a new type of social communication platform using new IT
technologies such as artificial intelligence. There are also plans to expand by applying AR, VR, and XR
technologies, which are the core technologies of Metaverse.
[Figure 14] Multi-Complex Shopping Mall
Metaverse
Multi-Complex
Shopping Mall
15
Copyright © 2020~2021 AROWANA TECH PTE. LTD.
4.6. Gold Auction
Gold Auction provides services after appraising the gold and diamonds owned by users and trading
them in the form of an auction.
A. Gold and diamonds appraisal/auction
• If you request an appraisal of gold and diamonds, a blockchain-based digital appraisal will be issued
after appraisal by a professional appraiser.
• If the auction is registered based on the assessed amount, the sale is made to the final successful
bidder, and the amount is settled with Hancom Pay.
B. Special exhibition
• Limited edition products will be produced in collaboration with celebrities and famous authors.
• Limited edition products will have a secure digital code applied to them to provide authenticity
authentication and customized contents.
• There are plans to expand gradually to support the production of NFT limited edition products
through collaboration with artists.
16
[Figure 15] Gold Auction
Seller
Buyer
Selling Gold
and Diamonds
Receive Money
Buying Gold
and Diamonds
Pay Money
Gold Auction Platform
P2P Gold Exchange
P2P Diamond Exchange
Special Promotion
(Limited Goods etc.)
Hancom Gold Exchange
Gold and
Diamond
Appraisal
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 17
05. ARW Token
5.1. ARW Token Use Case
・Membership: For membership registration when using ARW tokens in multi-complex shopping malls
・Purchase and sell digital gold vouchers: Buy and sell digital vouchers with ARW tokens
・Digital pawnshop: Loan gold and digital vouchers as collateral from digital pawnshops
・Shopping mall purchase and reward: Purchase of precious metals and digital gold vouchers at the
shopping mall
・Shopping mall fee: Fee for using the platform of the shopping mall
[Figure 16] ARW Token Revenue Model
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 18
5.2. ARW Token Distribution
Token Name Arowana Token (ARW)
Network ERC-20
Total Issuance 500,000,000 ARW
Issuance Price 1 ARW=US$0.04
[Table 1] ARW Token Distribution
Private Investor 10%
Marketing 20%
R&D 10%
Foundation 30%
Partner 30%
[Table 2] ARW Token Usage
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 19
06. Business Partners
6.1. ARW Hancom Relation
The Arowana Foundation formed the Arowana Hancom platform with Hancom Group to create the
Hancom Arowana platform ecosystem.
The platform operating corporation supports platform development and operation, and the participating
company supports platform-based business as a service sales corporation.
The platform operating corporation distributes Arowana tokens under the authority of the Arowana
Foundation, and the service sales corporation plays a role in increasing the value of Arowana tokens
through business.
Users use Arowana tokens in various ways such as purchasing goods, obtaining rewards, and paying
fees within the platform.
[Figure 17] Hancom Arowana Platform Ecosystem
※ Hancom Arowana platform ecosystem partners will be opened to companies with high future value with Hancom Group, and the initial
transaction of Arowana tokens will be distributed by related companies.
Arowana Gold Exchange Hancom With Hancom Codegate(Gold/Jewelry/Gemstone
Distribution)(Hancom Pay, Blockchain) (Digital Code)
Arowana Auction
(Gold Auction)
Blockchain AI Cloud
Hancom Arowana Platform Ecosystem
Arowana Hub
(Platform Operating Corporation)
Arowana Gold Jewelry(Metaverse Virtual
Shopping Mall)
Healthcare Robot Education AI
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 20
6.2. Arowana Hancom Relation Vision
The investment funds of partners and investors participating in the Arowana Hancom platform
ecosystem are used for technology development, operation, and gold trading ecosystem of the 6 major
services of the Arowana project.
A portion of the proceeds of Arowana tokens paid to partners and investors will be used for M&A or
equity investment to expand the Arowana project as a return method to increase investor value. Through
this, the purpose is to provide value and profit to the owners of Arowana tokens.
The Arowana Foundation uses all investment funds to increase the coin value.
In principle, the value and benefits of Arowana tokens are provided to token holders.
Hancom Arowana Platform Ecosystem Vision[Arowana Token Investment = Value Sharing and Coexistence ]
01
Token investment by related companies used for technology development/operation of gold trading ecosystem
02
A significant portion of the profits from the business is returned to investors
03
Expansion of the Arowana projectby increasing token asset value through M&A or equity investment
[Figure 18] Hancom Arowana Platform Ecosystem Vision
Copyright © 2020~2021 AROWANA TECH PTE. LTD.
07. Team Introduction
CTO Sangyup Song Ph.D.
CEO of Hancom Singapore
Hancom With CTO
Blockchain Head
CSO Kyeongtaek Joo
Hancom
Head of Management Support
CEO Jongkap Jeong
Arowana Tech CEO
Hancom With Research Head
Arowana Platform Head
AI Head Joon Seo
AI Research Institute
Hancom Intelligence
21
CLOUD Head Wonsuk Jung
Hancom CTO
Cloud Head
Legal Consultant Sunghu Kim
Hancom
Legal Team Lead
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 22
08. Project Roadmap
2021
Digital gold voucher release
Hancom Pay launch
Digital trading function
Multi-complex shopping mall
launch
ARW Token Issuance
2022
Digital code release
Digital gold voucher
purchase function
AI-based Platform Integrations
Virtual asset withdrawal
function
Gold auction launch
Digital pawnshop launch
Integration with global digital
gold trading platforms
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 23
The ARW team wrote this white paper for reference purposes only to provide specific information about
the services and teams that the ARW team is planning to those who have a lot of interest and affection
for the ARW token. This white paper is not intended to encourage you to invest in the ARW team or
platform and has nothing to do with it.
In addition, the ARW team has prepared and provided this white paper to you ‘as-is’ and does not
guarantee that any content in the white paper, including the conclusions, will still be accurate in the
future.
The ARW team does not represent or guarantee the accuracy of any matter related to this white paper
and does not assume any legal responsibility for it.
For example, the ARW team does not guarantee:
I. this White Paper is based on legitimate rights and does not infringe on the rights of third parties.
II. this White Paper is commercially valuable or useful
III. this White Paper is suitable for the achievement of the specific purpose you have
IV. this White Paper content is error-free, etc.
Furthermore, the scope of the disclaimer is not limited to the preceding examples. This includes, but is
not limited to, cases where you use, refer to, or base your own decision-making on this white paper, and
other actions.
The resulting consequences, whether profit or loss, are entirely at your discretion. In other words,
please note that the ARW team will not be liable for any damages, losses, debts, or other damages
caused to you by using this White Paper.
09. Closing
* Paper History
0.95 / ARW Continuous improvement of the project business infrastructure
0.96 / ARW Suggestion of service model specification and platform expansion vision for project
implementation
Copyright © 2020~2021 AROWANA TECH PTE. LTD. 24
Confidential Document
This document contains confidential information that has not yet been published.
Copying and/or distributing this document without the permission of the author can lead to civil and
criminal measures.
Thank you
Arowana Tech