The PAZ Project PAZ Project... · 3 / 50 The PAZ Project as stock trading. This white paper clearly states the presence of unforeseen risks and uncertainties associated with PAZ Foundation

The PAZ Project

PAZ Foundation

Cryptocurrency Platform for Peace and Donation

www.pazfoundation.org

2 / 50 | PAZ: Peace Token

Important Disclaimer about This Document

Participants should read and understand this section carefully in order to clarify

uncertainties or ambiguities regarding legal and financial matters directly or indirectly

related to the contents of this document, and to avoid unnecessary difficulties, disputes,

and legal actions in the future. Should you have any uncertainty in making a decision

or taking action regarding this document, you must consult a proper expert.

PAZT, as defined and explained in this white paper, is a utility token and stable coin

used for remittances, and PazCoin is a token to be listed and distributed on exchanges

through ICO.

As defined and explained in this white paper, PazCoin does not constitute securities in

any jurisdiction. This white paper is not intended to offer any kind of guide or sale, nor

it is intended to promote a bid for or investment in securities in any jurisdiction.

This document does not require or sell PazCoin. Participants should not use or rely on

any information contained in this document as legal evidence in future transactions,

contracts, or investments regarding PazCoin.

PAZ Foundation will become the governing foundation that oversees the PAZ Project

and manage all payments and contributions for PazCoin in order to provide funds for

PAZ-related business and operations.

No person is liable for making any legal agreement pertaining to the sale, purchase, or

donation of PazCoin based on this document, nor can this document be used as grounds

for sending or receiving payment in cryptocurrency or in other currencies.

The terms and conditions of any contract between the participant and PAZ Foundation

relating to the sale, purchase, or donation of PazCoin, or any other matter, will be

defined by a separate document and have no relation to this white paper. In the event

that a discrepancy is found between that contract and this white paper, the former

prevails.

You are not eligible to purchase PazCoins if you are a citizen or permanent resident in

a country where the public dissemination of cryptocurrency is prohibited or considered

3 / 50 The PAZ Project

as stock trading.

This white paper clearly states the presence of unforeseen risks and uncertainties

associated with PAZ Foundation and the business and operation of PazCoin. The

document also states that the participant must perform due diligence before deciding to

purchase PazCoin. While the authors of this document have taken extreme care to

ensure that the contents are true and accurate, participants should fully understand that

this white paper advises against blindly relying on the contents of this document or

making a decision without having undergone a verification process.

Denial of Liability for Loss

To the maximum extent permitted by the applicable laws, regulations and rules, and in

any matter related to this document, PAZ Foundation and the operators of the PAZ

business will not be liable for loss of any kind, including financial or non-financial loss,

including but not limited to loss of sales, income, profits, rights, reputation, or data.

Participant’s Agreement and Warranty

By recognizing and acknowledging the authenticity of the full or partial content of this

white paper, on behalf of PAZ Foundation and PAZ System, you agree on and warrant

the following:

You agree and acknowledge that PazCoin is not defined as or constitute a security of

any kind under any jurisdiction.

You agree that this white paper is not a guide for or recommendation of any kind of

sale or donation, and that it does not promote securities or seek to attract investment in

securities or contributions in any jurisdiction, and that you are not liable to make any

kind of agreement.

In the case that you purchase PazCoin, you acknowledge and agree that PazCoin cannot

be interpreted, classified, or handled as follows:

▪ Any currency other than cryptocurrency

▪ Bonds or stock issued by any individual or entity

▪ Rights, options or derivatives on bonds or stocks; or other securities


You acknowledge and fully understand that if you are a citizen of or have a residency

in a country where the public dissemination of cryptocurrency is prohibited or

considered as stock trading, you are not eligible to purchase PazCoin.

You are fully aware that there may be unforeseen risks in future operations related to

PAZ Foundation, its business and operations, and PazCoin.

You acknowledge and agree that PAZ Foundation will not be liable for any kind of

financial or non-financial loss including but not limited to loss of sales, profit, or data.

Risks and Uncertainties

Prior to purchasing coins, prospective buyers of PazCoin must carefully consider and

evaluate all information contained in this white paper, legally binding contracts, and all

associated risks and uncertainties that are related to PazCoin. If some of these

unforeseen risks and uncertainties develop into real conditions, they can have a

significant impact on PAZ Foundation’s business, financial status, and operation results

or prospects, in which case you may lose all or part of PazCoin’s value.


Contents Denial of Liability for Loss ....................................................................................................................... 3

Participant’s Agreement and Warranty ............................................................................................... 3

Risks and Uncertainties ............................................................................................................................. 4

Contents .......................................................................................................................................................... 5

Figures ............................................................................................................................................................. 6

Tables ............................................................................................................................................................... 6

MAPS ................................................................................................................................................................ 6

Background & Motivation ........................................................................................................................................................ 7

Problem Statement ..................................................................................................................................... 7

Cash .................................................................................................................................................................. 8

Currency That Does Not Need Bank is Reality ............................................................................. 10

Bitcoin ........................................................................................................................................................... 11

Blockchain ................................................................................................................................................... 12

Cryptocurrency Exchanges .................................................................................................................... 13

OMPP/WOFP .............................................................................................................................................. 13

PazCoin ......................................................................................................................................................... 14

PAZ System & PAZ Foundation.......................................................................................................... 15

PAZ Ecosystem, Partners, & Participants ........................................................................................ 15

1 Vision of PAZ Project .................................................................................................................................................. 18

1.1 Project in Brief ............................................................................................................................................... 18

1.2 PazRemittance ............................................................................................................................................... 19

1.3 PazDEX ............................................................................................................................................................. 20

1.4 PazTalk .............................................................................................................................................................. 20

2 PAZ System Structure ................................................................................................................................................. 22

2.1 PazRemittance ............................................................................................................................................... 22

2.1.1 PazRemittance Global’s Vision ..................................................................................................... 24

2.1.2 Principles of PazRemittance Global............................................................................................ 24

2.1.3 Structure of PazRemittance Global & Regional Remittance Center ............................. 25

2.2 PazDEX (Decentralized Exchange) ......................................................................................................... 27

2.3 PazTalk (Decentralized Social Media) ................................................................................................... 29

3 PAZT Cryptocurrency................................................................................................................................................... 32

3.1 PAZT: A Blockchain Cryptocurrency ...................................................................................................... 32

3.2 Implementation: GoChain GO20 Token .............................................................................................. 32

4 The PAZ Clients ............................................................................................................................................................. 34

4.1 PAZ Wallet ...................................................................................................................................................... 34

4.2 KYC Process .................................................................................................................................................... 34

5 PAZ System Blockchain .............................................................................................................................................. 36

5.1 PAZT and the Ledger: GoChain Blockchain ....................................................................................... 36

6 PAZ Foundation .............................................................................................................................................................. 38

Summary ...................................................................................................................................................... 38


Governance Goals .................................................................................................................................... 38

Development Goals .................................................................................................................................. 39

PAZ Ecosystem .......................................................................................................................................... 39

PAZ Technical Team ................................................................................................................................ 39

Summary ...................................................................................................................................................... 39

7 Issuance of PazCoin for ICO (ERC20).................................................................................................................... 41

7.1 Allocation of PazCoin ................................................................................................................................. 41

7.2 Investment of Tokens ................................................................................................................................. 42

8 Roadmap .......................................................................................................................................................................... 43

9 Conclusion ....................................................................................................................................................................... 44

10 PAZ Foundation............................................................................................................................................................. 45

10.1 Core Team....................................................................................................................................................... 45

10.2 Advisors............................................................................................................................................................ 47

10.3 Partners ............................................................................................................................................................ 49

Figures Figure 1 PAZ Ecosystem Participants ................................................................................................................................ 17

Figure 2 PAZ System major components ........................................................................................................................ 18

Figure 3 Three key components of PazRemittance Platform .................................................................................. 22

Figure 4 Remittance process between Korea and China using PAZT .................................................................. 23

Figure 5 Remittance process between Hong Kong and US prepaid card ......................................................... 23

Figure 6 Structure and Roles of PazRemittance Global ............................................................................................. 25

Figure 7 PazRemittance Global Layer Structure............................................................................................................ 25

Figure 8 PazRemittance Global & Regional Remittance System Structure & Data Flow............................. 26

Figure 9 PazDEX Architecture............................................................................................................................................... 27

Figure 10 PazDEX transaction flow .................................................................................................................................... 29

Figure 11 Implementation of PazDEX ............................................................................................................................... 29

Figure 12 Functions and highlights of PazTalk ............................................................................................................. 31

Figure 13 PAZ Wallet screen shots .................................................................................................................................... 34

Figure 14 Breakdown of tokens earned from presale ................................................................................................ 42

Figure 15 The PAZ Project Roadmap ................................................................................................................................ 43

Tables Table 1 Comparison between CEX & DEX ...................................................................................................................... 27

Table 2 Blockchain comparison ........................................................................................................................................... 33

Table 3 PAZ Token Allocation Plan .................................................................................................................................... 41

Table 4 PazCoin Sale Schedule............................................................................................................................................ 41

MAPS MAP 1 Globally, 1.7 billion adults lack a bank account in 2017 ............................................................................... 8

MAP 2 A billion adults with bank account still pay utility bills in cash in 2017 ................................................. 8


Background & Motivation

Problem Statement

The PAZ Project’s goal is to use Blockchain Technology to provide the basis for an

ecosystem that addresses economic and financial support for the underprivileged and

the poverty-stricken class around the globe, and that has been one of the world's biggest

problems.

There are individuals, and organizations with humanitarian intention and funds to help

the poor class of people, but the funds are not moving effectively to where they are

needed. One of the problems is that the current financial system is ineffective and very

costly. There has been only one option for all of us when we send money to others

remotely, and that is to use the current financial infrastructure, but now we do have

other option, and that is blockchain and cryptocurrency.

The world is full of hungry people, and there are institutions and individuals trying to

help them, but why aren't they connecting? The OMPP / WOFP started as a United

Nations agency in 1991, and in 2007 it became an independent authorized international

organization established under Article 60 of the Swiss Civil Code with a vision to create

a way to effectively assist the world's needy.

Blockchain technology now provides an opportunity to overcome the pitfalls of the

current financial infrastructure. The PAZ Project intends to make this a reality.

In 2017, there are 1.7 billion people in the world who do not have an account with a

financial institution or Mobile Money Service. Most of them are extremely poor, under-

educated or uneducated, and they need economic support. But 70% of the population

has a mobile phone. In other words, they can access the Internet and most of the

communication is via text messaging or SNS. Thinking forward, enabling blockchain-

based wallets for them is a technical hurdle to solve. Half of this population lives in 7

countries: Bangladesh, China, India, Indonesia, Mexico, Niger and Pakistan. (See MAP

1 below)


MAP 1 Globally, 1.7 billion adults lack a bank account in 2017

Source: The World Bank Group, Global Findex Database 2017, the World Bank Group

Cash

Most of them are engaged in agriculture or labor, and their payments are paid in cash.

The cash is still the main payment tool in these societies. It is also estimated that one

billion people in developing countries have a bank account and pay their utility bills in

cash. (See MAP 2 below)

MAP 2 A billion adults with bank account still pay utility bills in cash in 2017


Source: The World Bank Group, Global Findex Database 2017, the World Bank Group

In such a society, the dependency on cash is still very high that high social costs,

inconveniences, and time inefficiency incurred due to the prevalent use of cash. There

has been a movement to reform this into blockchain, but it is not active yet.

The economic and social effects brought by a cashless society are that the digitization

of all monetary transactions will end up reducing costs incurred by cash, a real

currency. An examination of the costs incurred from the use of cash in different

countries reveals that while Nordic countries are at 0.3% of GDP, a relatively low

metric, a cash-dominated country like Russia score relatively high at 1.1%.

In the United States, the use of cash is costing the government around two hundred

billion dollars of expenses per year, on top of the loss of one hundred billion dollars

per year from double tax evasion – the highest in the world. According to a study by

McKinsey & Co., the scale of underground economies in countries with less than 50%

cash payments average at 12%, while those with more than 80% cash payments average

at an almost tripled 32%.

A cashless society can also reduce various crimes caused by cash use. In a related study,

the crime rate in Missouri dropped 9.8% after the type of welfare subsidies for low-

income earners was switched from cashable coupons to registered electronic payment

cards. In types of crime, robbery and theft involving the possession of cash declined

the largest amount since this enforcement. Crimes not directly related to the possession

of cash, such as tax evasion and bribery, can also be reduced and prevented by a

cashless society since all electronic transactions leave a trace.


Currency That Does Not Need Bank is Reality

The history of banks began 2,000 years ago with the loaning of grain. Later, the ancient

Greek and Roman empires adopted the acts of depositing and exchanging currency.

Since then, we have always been very naturally accepting of the involvement of banks

in our everyday transactions.

Currently, when individuals transact with currency, they do so through banks without

a second thought. Most people do not see banks as middlemen like they do real estate

agents. Then in November of 2008, an anonymous software engineer and

mathematician under the name of Satoshi Nakamoto claimed that we can transact

remotely sending and receiving electronic money without the involvement of a bank,

or a trusted third party.

Satoshi Nakamoto released Bitcoin to the world proclaiming that “The central bank

must be trusted not to debase the currency, but the history of fiat currencies is full

of breaches of that trust.”1

The world has already made a rapid progress with blockchain, the core technology of

Bitcoin. The progress of blockchain is similar to the fact that a population that only

used cash has evolved very quickly to use a credit card. It is note-worthy that the pace

of changes and adoptions around blockchain and cryptocurrency is so rapid even when

compared to the speed the Internet changed the world.

In 2009, Satoshi Nakamoto has released to the world an open-source program that

demonstrates the ideologies of blockchain. Since then, more than thousands of

cryptocurrencies including Bitcoin and Ethereum have come into existence, and we

have already entered the path to the world of cryptocurrencies and blockchain-based

systems. Cryptocurrency and blockchain have been proven to be of paramount value

proven by the demand from the market despite the controversy surrounding them.

1 Bitcoin open source implementation of P2P currency - Satoshi Nakamoto :

http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source


While blockchain is a system of distributed ledgers that doesn’t require a central bank,

it is interesting that numerous banks around the world are racing to study blockchain

and showcase its implementations to improve and reform their own old systems.

Bitcoin

Financial institutions, including banks, are setting up various security measures in an

attempt to keep their transaction ledgers safe. Meanwhile, Satoshi Nakamoto has

overturned the way we think about centralized security practices. Instead of a system

where important information is kept in a very secure facility not accessible from the

public, Satoshi came up with a method of preventing the tampering of data by publicly

sharing all information, suggesting that the more people share the data, the more secure

the system becomes.

Amidst the fever for cryptocurrency and blockchain, we hear news about various

cryptocurrency crimes on a daily basis. But it does not come close when it is compared

to the frequency of cash-related crimes; Cash provides complete anonymity about

transactions, while Bitcoin leaves a trace for every transaction in the blockchain. In

2017, CNBC reported that criminals are ruling out cryptocurrencies like Bitcoin as a

payment tool for crimes since it has become very easy for authorities to track Bitcoin

transactions.

While rigorous figures on criminal activity in digital currencies are hard to determine,

Shone Anstey, co-founder and president of the Blockchain Intelligence Group,

estimates that Bitcoin's illegal transactions fell from about half of the total volume to

about 20 percent last year. According to CNBC sources, criminals have begun to detect

change, and one of the trends is that Bitcoin now works just like normal and legal

capital, not criminals' possessions.

In the United States, cryptocurrency exchanges have been given official approval to

operate in some states. In 2013, the Canada Revenue Agency (CRA) became the first

in the world to impose a tax on Bitcoin. In the European Union, VAT is not imposed

upon purchases of cryptocurrencies like Bitcoin as they are recognized as currency.

In May of 2016, Japanese lawmakers amended the Act on Settlement of Funds to begin

to accept cryptocurrencies as a public payment method. As a result, it was clearly

stipulated that no taxes, including consumption tax, will be imposed on


cryptocurrencies. Although the blockchain and cryptocurrency industries are currently

undergoing a transition period being attacked with frequent disputes, issues, and

instability, the time has only just begun for blockchain and cryptocurrency.

Blockchain

Satoshi Nakamoto’s historical announcement that “the history of fiat currencies is full

of breaches of that trust,” gave us reason to believe that:

1. We can eventually move out of a ‘centralized transaction system’ into a

‘decentralized transaction system’ to shift the power from the ‘central’ to the

‘public’

2. Public can have equal chances of participation in the currency system through

‘mining’

3. Safely store assets via this innovative technology that will protect ledgers from

being hacked and tampered with

4. In this way, people anticipated that they could finally be free from the

continuous “breaches of that trust” of the central bank once they let loose of its

control.

But what has actually happened? A revolutionary blockchain system has come to be

recognized by the general public as a tool that encourages cryptocurrency speculation,

and the legalization and practical applications of blockchain technology are being

confused with those of cryptocurrency. What is really a race for countries around the

world to implement blockchain systems is being packaged and promoted as a race to

implement cryptocurrencies, along with a propaganda that leads people to believe they

could be the next heroine of a fairytale where 10,000 BTC2 goes from having the value

of two pizzas to 70,000~80,000 times the worth, all in all degrading the valuable

technology to a mere tool for Alt Coin speculation.

No central authority in the history of mankind has allowed its power to be taken away

so easily. When the public started to make use of the equal opportunity that was

‘mining’, the power of capital had already put a mining factory in motion, and in turn,

our personal computers failed to provide us with any opportunity.

2 Pizza for bitcoins?, Bitcoin Forum, https://bitcointalk.org/inDEX.php?topic=137.0


Cryptocurrency Exchanges

Cryptocurrency is based on a system that is fundamentally hack-proof and therefore

designed to keep our ledger protected and assets safe. Cryptocurrencies, however, have

been hacked on numerous occasions because they were held not in ‘decentralized

exchanges’ but in ‘centralized exchanges’, and the assets we believed were safe,

vanished right in front of our eyes. Customers were generally unaware of the fact that

this blockchain technology – supposedly safer than traditional banking – in fact had

nothing to do with the internal mechanics of centralized exchanges. Hence, they trusted

these centralized exchanges with their assets, only to see them disappear in a flash. It

would have come as a shock to the customers who had at least never experienced

outright theft with traditional banks.

The history of crypto exchanges, too, has now become “full of breaches of that trust”.

These exchanges abused their possession of customers’ assets and assumed the role of

their delegate without agreement, all with a clear priority of maximizing their own

profit over maximizing the safety and profit of the public’s assets.

The problems with fiat currency, illustrated by historical records, will not be solved by

cryptocurrency but simply transferred onto a digital world. The Internet brought along

with its rise the revival of the porn industry – but is that reason to blame the Internet?

Likewise, are we going to blame and discard blockchain for all the harms that were

brought along with it? Even now, numerous cryptocurrencies and ICOs are using

blockchain as a mere buzzword while taking advantage of the public’s misled

expectation that the value of their coins will rise, in order to encourage speculation.

OMPP/WOFP

International Organization for World Peace OMPP (Organization Mondiale Pour Laix)

/ WOFP (World Organization for Peace) is an international organization for world

peace and solidarity for international contributions. In 2005, after the founding of the

organization in Geneva, in 2007 it was registered as an international contribution and

research organization established under the Swiss civil law as an organization that is

neutral in politics and religion. At the time, OMPP / WOFP was launched by 181

people, including the UN delegation of national affairs and secretary-general.3

3 Home: www.ompp.org


OMPP/WOFP announced plans for the PAZ Project in 2017, which means “peace” in

Spanish. The PAZ Project aimed at remittance service and funding for low-income

people around the world, especially in developing countries, using blockchain

technology. In developing countries, financial transactions carry high cost since banks

are sparsely located, and bank accounts are difficult to open. Especially in the case of

workers remitting to their families from abroad, the current remittance service is time-

consuming and cost high fees. The practical goal of the PAZ Project to solve these

problems by deploying blockchain technology, and provide the underprivileged a real

value.

Antonio Hyun Jong Lee, who was appointed as the secretary general of Asia and

Pacific Area of OMPP / WOFP in Aug 2019, serves as the general manager of the

PAZ Project, the official project of OMPP.

PazCoin

Since the birth of ‘PazCoin, the world’s most beautiful cryptocurrency’ was announced

in Buenos Aires, Argentina on November 28, 2017, it has shed light on various

problems that have surfaced and declared to work to provide solutions.4

PazCoin and the PAZ System were developed with a vision to return to blockchain’s

original spirit and to lead the way in using cryptocurrency and blockchain to make the

world a more beautiful place. We will continue to work with our friends around the

globe and with PazCoin users in order to turn this vision into reality.

Most ICOs and cryptocurrencies premise that blockchain will spread just like the

Internet has, using it as a basis to advocate that their cryptocurrency will shoot up in

value when blockchain and cryptocurrency soon become ready for primetime – a belief

no less elusive than the infamous Bitcoin-pizza story.

Many also predict the collapse of a bubble in cryptocurrencies and blockchain. If this

prediction is proved accurate, those who had hoped for the realization of a crypto- and

4 PazCoin Launching Event, Buenos Aires, Argentina, Nov. 28. 2018,

https://www.youtube.com/watch?v=znf6btOnzZo&t=34s


blockchain-world and participated in ICOs, will be the ones to be sacrificed on the altar

of failed ICOs and failed development efforts.

PAZ System & PAZ Foundation

The PAZ system plans to pursue commercialization by applying the features of

blockchain that are most intuitive to its fundamental spirit, ultimately leading the

evolution of blockchain and society as a whole. PazCoin and PAZ System will build a

global remittance/payment network by pioneering technologies of PazRemittance, a

solution for the overseas remittance and payment. The PAZ system plans further to

develop the global network, as well as to make efforts to improve the regulations and

restrictions between countries through cooperation with international organizations.

The PAZ Foundation, with a team of highly proficient experts in each field, has

prepared a timely alternative to the rapidly changing blockchain industry and the

cryptocurrency market. In addition to PazRemittance for remittance services, PazDEX

(Decentralized Exchange) will be released for a transparent and secure transaction

system. PazDEX, a secure decentralized exchange, PazRemittance, a global remittance

system, and PazTalk, a decentralized social networking platform, will work together to

effectively deliver the maximum benefits to users.

Unlike the creators of Altcoins who proposed no real solution to the illegal activities

and hacks that attacked the users of their own tokens and Main-nets, the PAZ

Foundation will put our best effort to ensure that our customers are satisfied and that

their assets are well protected.

The PAZ Foundation will be established in Singapore as a non-profit organization

under the Singapore's corporate law. The foundation will be the governing entity for

all management, governance and sales of PAZ Ecosystem, and will be the backbone of

all PAZ Ecosystem.

The PAZ Foundation will inherit the OMPP / WOFP's vision and strategy, and will be

implementing and operating the PAZ System. Therefore, all future issues of the PAZ

Ecosystem will be addressed by the PAZ Foundation.

PAZ Ecosystem, Partners, & Participants


In addition, in the world of fiat currencies, numerous international financial institutes

like the World Bank (WB), Asian Development Bank (ADB), Inter-American

Development Bank (IDB), International Monetary Fund (IMF), and Asian

Infrastructure Investment Bank (AIIB) are working to establish international

partnerships to create and revise international standards, and to take measures to restrict

or support matters regarding the currency – efforts which are almost nonexistent in the

world of blockchain and cryptocurrencies.

PazCoin and the PAZ System will establish international partnerships and form expert

committees with specialists worldwide, in an effort to create order and stability in the

blockchain and cryptocurrency markets – both of which are currently in a transition

period. We will do our part in increasing the value of cryptocurrency until it becomes

an everyday application, instead of a mere subject of speculation, ultimately becoming

a vehicle for genuine happiness.

The ultimate goal of the PAZ Project is to contribute to world peace and to support

those in need in socio-economically marginalized areas. To this end, the PAZ

Ecosystem will be established in collaboration with existing international organizations

and nonprofit charities, which will be structured as follows:

1. User Groups: General users using PAZ (downer providers, beneficiary

beneficiaries)

2. PAZ Foundation: The principal of the PAZ Project that develops and operates

the PAZ System

3. Cooperation Agencies and Enterprises:

A. Existing Charity Institutions and Charity Networks

B. International Organizations for Religion and Charity, Religious and

Academic Organizations

C. NGO Organizations

D. Existing remittance networks, especially institutions and companies

responsible for the last mile of remittances in developing countries with

poor financial services

E. Payment Gateway in Each Country

F. Existing Cryptocurrency Exchanges


Figure 1 PAZ Ecosystem Participants


1 Vision of PAZ Project

1.1 Project in Brief

The PAZ Project team, composed of the best experts in each field, prepared the

remittance, settlement, donation, and trading solutions that are best suited to the rapidly

changing blockchain environment and changes in the cryptocurrency market. PAZ

System has the following components:

1. PAZ Wallet for Users

2. PazRemittance Service for International Transfers

3. PazDEX (Decentralized Exchange) for transparent and secure transactions

4. PazTalk SNS for personal communication

5. PazCoin and PAZT Cryptocurrency for Trading and Payment within the PAZ

Ecosystem

Figure 2 PAZ System major components


1.2 PazRemittance

For people sending money to family members overseas, like immigrant workers

sending money back home or families with children who study abroad, they are often

required to pay a high remittance fee, to go through a complicated and inconvenient

authentication process, and to wait for the remittance to pass through more than four

institutions over 2 to 4 days, all to send a small amount of money.

The culture of donation and charity is yet another victim of the present remittance

system. The beautiful mind to help the needy and the desire for peace have been stalled

and denied by the high transaction cost, the long authentication process, and the

constraints of time and space. The fact that a twenty-dollar donation is sent through the

system only to come out to the other end as less than five dollars, is the strong and

undeniable evidence of inefficiency of the current remittance and administrative

systems.

The biggest advantage of blockchain is the convenience of remittance. Anytime,

anywhere with internet and wallet, you can send coins to other parties at low cost with

maximum reliability. PazRemittance aims to build a Global Remittance Network using

this blockchain technology.

Such a Remittance Network basically requires the function of converting or trading

virtual currency into fiat money. For this purpose, the PAZ Project implements

PazDEX.


1.3 PazDEX

‘Anonymity’ is considered a strength of cryptocurrency in that it requires only the

wallet address and simplifies the authentication process. But the fact that it can

simultaneously be exploited as a crime tool, the anti-crime measures needs to be in-

place for the security of the well minded public. In 2017 alone, there have been more

than 12 hacks on cryptocurrency exchanges. Over the last few years, cryptographic

coins worth of 1.25 billion USD have been lost or stolen.5

PazDEX has been designed and developed by the top notch engineers as a decentralized

cryptocurrency exchange. It provides maximum stability deploying the classical proven

techniques of traffic distribution for load balancing, and server replication. PazDEX is

fundamentally a trustless network, and has no central hub to control the funds. Users

are able to manage their own assets at all times, and all transactions are peer-to-peer

based.

Inherently PazDEX cannot engage in the diversion of customer funds without their

approval, which has been an undesirable but common practice in centralized

exchanges. PazDEX also complies with the KYC (Know Your Customer) and AML

(Anti-Money Laundering) procedures in all countries. Users will easily be able to

access PazDEX from anywhere in the world through its franchise network that spans

the globe. Lastly, PazDEX enables a smooth and easy exchange process through its

user-friendly UX, simple mechanism, and customer support.

1.4 PazTalk

PazTalk is also implemented based on distributed blockchain technology. You can

conveniently send PAZT to the other party through PazTalk. Unlike the existing SNS,

the message is not transmitted through the main server system, but the participant's

computer is used to send and receive the necessary information and text. The automatic

translation function enables communication in multi-language situations.

The secure, decentralized PazDEX, the global PazRemittance, and the decentralized

5 A Case for Decentralized Cryptocurrency Exchanges, https://www.ccn.com/case-decentralized-cryptocurrency-

exchanges/


PazTalk will work together to effectively benefit users. Unlike other altcoins, released

to the world with no countermeasures against illegal activities and hacker attacks, PAZ

Foundation do our best to protect the assets and happiness of PAZ Ecosystem

participants.


2 PAZ System Structure

2.1 PazRemittance

PazRemittance is a system whereby PAZT and other cryptocurrencies are sent and

exchanged simultaneously. Through PazRemittance, assets are transferred securely and

quickly between individuals, and the transferred cryptocurrency is automatically or

manually exchanged into the fiat currency of the receiving party.

The PazRemittance platform consists of three key components:

▪ Cryptocurrency Remittance App & Server

▪ Cryptocurrency Exchange App & Server

▪ Cryptocurrency Trading App & Server

Figure 3 Three key components of PazRemittance Platform

PazRemittance provides a global system through which users are able to send PAZT to

anywhere they wish in the world, and the funds will be exchanged into the respective

local fiat currency. We call this global system PazRemittance Global.

The Figure 4 below shows a process where a user in Korea is remitting to a receiver in

China using PAZT, and the money is deposited into the receiver’s Chinese bank


account in the local fiat currency (CNY).

Figure 4 Remittance process between Korea and China using PAZT

The next figure shows a process where a user in Hong Kong is sending funds, using a

prepaid card, to someone in the USA who receives the money in USD, the local fiat

currency.

Figure 5 Remittance process between Hong Kong and US prepaid card


2.1.1 PazRemittance Global’s Vision

PazRemittance Global’s visions are as follows:

▪ Our vision is to build a global remittance service network based on blockchain

technology anywhere in the world.

▪ Our goal to is provide a reliable technology so that anyone can send or receive

funds from anywhere with minimum cost and maximum convenience.

▪ We are developing a blockchain-based technology as well as a self-activated

business model to enable wide adoption of our service.

2.1.2 Principles of PazRemittance Global

PazRemittance Global provides a reliable and decentralized and stable cryptocurrency

PAZT via innovative technologies, enabling a liberating overseas remittance

experience. The platform aims to provide a low-cost, ubiquitous paradigm of multiple-

currency exchange for the global citizens, based on the following principles:

A. Exchange between all types of currencies: We intend to provide a platform

to enable all types of currency exchange such as:

▪ Fiat-to-fiat

▪ Fiat-to-digital

▪ Digital-to-digital

B. Independent: We intend to remain independent from any kind of authority or

central control. Owned directly by its users, the platform will never be affiliated

with any political party, economic, or financial organization.

C. Borderless: We aim to eliminate all political and geographical barriers so that

everyone around the world will have an opportunity to freely exchange funds

without any obstacles or restrictions.

D. Frictionless: We intend our service to remain online, so that users can access

our service anywhere, at any time, at extremely low costs.

E. Legal Boundary: We intend our service to remain inside the legal boundaries

of international guidelines and currency exchange regulations.


2.1.3 Structure of PazRemittance Global & Regional Remittance Center

PazRemittance Global is operated with regional centers as its understructure. The role

of these regional centers is to establish a local customer base as well as operate local

remittance services and currency exchange services.

Figure 6 Structure and Roles of PazRemittance Global

The PazRemittance Global Network consists of four layers of contributors that

cooperate with each other, as illustrated below.

Figure 7 PazRemittance Global Layer Structure

The roles of each layer are as follows:


1. RemittanceGlobal : Top layer, in charge of engineering, regional partners, rule

setting, and global marketing

2. Regional Partner : Second layer, in charge of regional marketing, recruiting

point persons, and operating regional currency exchanges

3. Point Person : Individuals who are in charge of recruiting users (End

Customers)

4. End Customer : Remittance service users

Below is a flowchart that shows the operational structure of the PAZ Regional

Remittance Center and RemittanceGlobal.

Figure 8 PazRemittance Global & Regional Remittance System Structure & Data Flow

PazRemittance Global provides all software components necessary for establishing

regional centers.


2.2 PazDEX (Decentralized Exchange)

PazDEX takes on a hybrid approach that combines the strengths of existing centralized

exchanges and the strengths of decentralized exchanges. While decentralized

exchanges offer a stronger security of assets, they fall behind in liquidity, ease of use,

and range of functions compared to centralized exchanges. PazDEX plans to overcome

these shortcomings through offering an easy UI/UX and an integrated wallet through

which users will be able to conveniently manage their assets and trades. Furthermore,

we plan to address the issue of liquidity through collaboration with centralized

exchanges.

Figure 9 PazDEX Architecture

Table 1 Comparison between CEX & DEX


The differences between a CEX and a DEX are described in the chart below. The major

difference is in who manages the funds: while in an CEX the exchange manages all of

the users’ funds, in a DEX, the users manage their own funds, under their own

responsibilities. With PazDEX, users will not only be assigned their own wallets, but

also manage their own private keys.

The figure on the next page shows how Ethereum Smart Contracts are used in the

operation of a DEX. In particular, it shows the system through which user A and user

B transfer their funds from their individual wallets to their respective PazDEX wallets

in order to trade.

This trading mechanism is enabled through the use of Smart Contracts and will be

introduced as a beta version of DEX before the full version is released.


Figure 10 PazDEX transaction flow

The figure below shows the implementation of PazDEX as its own complete platform.

Figure 11 Implementation of PazDEX

2.3 PazTalk (Decentralized Social Media)

PazTalk is a decentralized platform which, like any other popular social networking

sites, enables users to create open profiles, share information and communicate with

each other. Unlike the traditional social networking platforms, however, PazTalk

allows its users to exchange information directly, one-on-one or one-on-n, without

having to pass through a central server.

When a PazTalk user sends a message to his or her friends and family, it is delivered

through a P2P network. All data and information regarding messages sent on the

network are stored in a distributed storage network based on IPFS (Interplanetary File


System), which keeps the messages safe from outside surveillance. To ensure privacy

and stability, the PAZ System is designed to securely manage all data and also to allow

users the option to make their messages disappear after a certain period of time. The

aim of IPFS is to enable the creation of a fully decentralized app, and make the Web

faster, safer, and more open. We plan to implement this IPFS in PAZ System to ensure

the privacy and security of all user information stored on the network.

The decentralized PazTalk has the following characteristics:

▪ Decentralized Architecture

All exchanged data and multimedia are encrypted and stored in the distributed

IPFS.

▪ Self-Governing

PazTalk is managed and controlled by each user, who creates his or her own

rules. Users remove unimportant messages and spam themselves, and we plan

to pay PAZ in return for their efforts.

▪ Integrating Decentralized Wallet

PazTalk and PazWallet work together seamlessly. No third person controls or

owns the users’ assets. In other words, each user will be in complete control of

their own assets.

▪ Existing SNS like Facebook Migration Tool

PazTalk System plans to provide migration tools so that users can easily

transfer their data including user profile, recent posts, and friend lists, from

existing social networking sites like Facebook and WhatsApp.

▪ Guarantee Privacy

We do not own any content or information that belong to our users. We do not

share our customers’ personal information with anyone. We assure that

information that is deleted by users will be permanently removed and that no

copies will be saved.

PazTalk is an innovative messenger where users can securely and instantly forward

messages, as well as PAZ. Users can also choose to have their message translated

automatically upon sending. All data and information will be stored in a place that is

out of reach from third party viewing or inspection.

▪ Secure transfer of PAZTs in conjunction with a message


▪ PAZT to PAZT

▪ PAZT to Fiat Currency with PazDEX

▪ Automatic translation of messages into user-specified language upon sending

▪ Exchanged messages stored securely in IPFS

Figure 12 Functions and highlights of PazTalk


3 PAZT Cryptocurrency

3.1 PAZT: A Blockchain Cryptocurrency

PAZT is a pure cryptocurrency with a fixed supply. PAZT has been built with an

architecture that makes it divisible and not subject to long-term inflation. However, as

explained below, most of the PAZT supply will be stored as reserves and for exchange

purposes, and a required supply of PAZT will be distributed into the market in the near

future.

Like with other cryptocurrencies, PAZT’s unit of account PAZ is fungible and

transferable, and expected to trade and be exchanged for other cryptocurrencies as well

as legal tender. PazCoin is issued as a stable cryptocurrency with a fixed amount and

fixed price. The implementation of PAZT used in PazDEX, PazTalk and

PazRemittance is described below.

3.2 Implementation: GoChain GO20 Token

PAZT is compatible with Ethereum and incorporates all the benefits of Ethereum and

is implemented with GoChain, which has a TPS speed 100 times faster than Ethereum.

GoChain is more than 7500 times cheaper gas fee than Ethereum. GoChain (gochain.io)

supports smart contracts and DApps and is compatible with all programs developed on

Ethereum. GoChain is a scalable, high-performance, low-cost cryptocurrency and

blockchain that can run decentralized programs:

▪ Build decentralized applications and rock solid smart contracts

▪ Fully compatible with existing Ethereum wallets, smart contracts and other

tools

▪ Fast transactions and high volume - 5 second blocks, 1300 tps

▪ Low fees - 7500x cheaper than Ethereum

The table below compares the speed and transmission rates at the current state. Of

course, Ethereum and Bitcoin are continually working on various projects for

scalability, and we believe the speed will be improved, but it is not the situation that


can be applied right now. Therefore, the cryptocurrency used in the PAZ Project are

implemented as GO20 standard specifications on GoChain, which is compatible with

Ethereum smart contracts. Several organizations have reported that GoChain has

performed well in all respects when comparing Ethereum with GoChain under the same

conditions.

Table 2 Blockchain comparison


4 The PAZ Clients

4.1 PAZ Wallet

PAZ Wallet is provided for users of the PAZ ecosystem. PAZ Wallet provides the basic

means of accessing the services of the PAZ System and allows you to check the balance

and transaction history of PAZT and PazCoin.

Figure 13 PAZ Wallet screen shots

PAZ Wallet provides a simple and convenient

environment for users to make overseas remittances, coin

transactions, SNS, and Token Sends with one PAZ Wallet

app.

4.2 KYC Process

Cryptocurrency can be overwhelming for consumers who have never interacted with

the technology before – and rightly so, as unfamiliar language like ‘transaction fees’,

‘private keys’, and ‘32-byte wallet addresses’ can be as much as entry barriers for most

users. PAZ System removes this complexity and improves the experience for

customers.

In order to participate in PazCoin, users must first sign up for PAZT Wallet through

the PAZT KYC process. The KYC (Know Your Customer) process is done online and

the whole process takes three minutes to complete. The user must upload a valid photo

identification, upon which the server will examine the photo using a verification

software, and register the user. Additional requirements such as email authentication

and residency verification are used as supplementary KYC processes.


Unlike the traditional wallets where the majority of important user resources such as

the private key are stored on the server, the PazCoin Wallet will be implemented as a

system where users will control and be responsible for their personal information. This

fundamentally prevents the compromise of user assets in case of server hacks, and will

be a necessary building block in the implementation of the DEX.


5 PAZ System Blockchain

5.1 PAZT and the Ledger: GoChain Blockchain

The average block time of the Ethereum network as of August, 2018 is 15 seconds. The

Ethereum network is currently operating on a Proof of Work (PoW) blockchain, which

has a slow processing speed. However, once Ethereum shifts to a Proof of Stake (PoS)

system and scaling solutions like Sharding, Plasma, and Raiden are implemented and

verified, the block time is expected to decrease significantly.

The number of daily transactions on the Ethereum network is growing steadily. As of

2018, the number of transactions per day has reached 800,000 and is expected to

increase further as new applications are launched and more users join the network. The

Ethereum network will be adjusted with new resources to handle higher volumes and

increase processing speed.

Vitalik Buterin’s research on scalability suggests that Ethereum would eventually

achieve 1 million transactions per second, but only once innovative approaches are

taken in order to improve the Ethereum blockchain. Of the problems that need to be

solved, the first is that the verification time of an Ethereum transaction takes longer

than what is expected by the average user – hence is not yet practical for applications

that require fast responses. The second is that for every transaction on the Ethereum

blockchain, a fee must be paid. To address these issues, PAZ System is planning to

develop its own PAZ mainnet. This mainnet will either be Ethereum-based, or its own

blockchain that is a variation of EOS. Once Ethereum or EOS is technologically stable

and transaction speed is dramatically improved, we will use either one of the platforms

to develop PAZ System main backbone blockchain. Ethereum and EOS are both great

blockchain platforms, but we feel that it is still too early to judge which one is better.

EOS offers better solutions in areas where Ethereum is lacking – scalability, TPS

(Transactions per second), and cost of using DApps – but there are areas which have

not yet been technologically verified. On the other hand, Ethereum has been responding

to competitors by announcing a roadmap with plans to improve performance: including

implementation of Sharding to increase scalability, Raiden to improve transmission

speed, and Casper for shifting to Proof of Stake (PoS).


A popular challenger to Ethereum, EOS started out with a blueprint for blockchain

operating systems and supporting smart contracts as well as overcoming the issue of

speed, which has been the biggest pain point for Ethereum. These areas are closely

related to the issue of scalability – and as a solution, a new consensus algorithm has

been proposed by the EOS camp, which is the Delegated Proof of Stake (DPoS)

method. DPoS is different from the traditional Proof of Stake (PoS) in that it is a

consensus mechanism using the concept of delegates.

This means that rather than every EOS owner participating in policy decision processes

and block production, twenty-one elected representatives are delegated these rights. As

of April 2017, Ethereum handled 20 transactions per second, whereas EOSIO Dawn

3.0 scored around 1,000 per second. However, this still falls short of the target for the

EOS development group Block.one, which is 8,000 TPS – we’ll have to wait and see

how far they get.

Another shortcoming of EOS is transaction fees. Users of the Ethereum network pay a

fee called ‘gas’ for every transaction. With EOS, on the other hand, users can make as

many transactions as the amount of tokens they own. Thus, while on the Ethereum

platform users must pay a fixed percentage of fees for every transaction, on the EOS

platform developers must be in possession of the tokens. EOS promotes free use for

participants and allows developers to leverage resources in proportion to their shares,

allowing DApp developers to create a revenue strategy that is effective and easy to

predict.

The development team of this project has done all these technical reviews in depth and

decided to use GoChain as the 1st main backbone of the PAZ Project. As mentioned

earlier, GoChain is rated as superior to any existing platform in terms of speed and

transport costs. In the future, we will upgrade the main backbone to take account of

technological developments.

In conclusion, we will make the PAZ System blockchain by incorporating excellent

technology into the proven GoChain platform and use it to develop PazRemittance

system, PazDEX, a decentralized exchange, and PazTalk, a decentralized SNS.


6 PAZ Foundation

Summary

The PAZ Foundation, an organization that oversees the fair and productive growth of

the PAZ ecosystem, will be organized. The PAZ Foundation oversees the remittance,

transaction and currency exchanges of PAZT and PazCoin. It also provides the tools

necessary to ensure that all services work seamlessly within the PAZ ecosystem.

Ultimately, the PAZ Foundation will work to develop the PAZ ecosystem into a

decentralized autonomous network.

The PAZ Foundation will inherit the vision and strategy of OMPP / WOFP and will be

the owner of implementation and operation of the PAZ System. All future issues of the

PAZ Ecosystem will be addressed by the PAZ Foundation.

The ecosystem of PazCoin and PAZT consists of a community of partners adopting

PAZ cryptocurrencies. The PAZ Foundation is intended to be an independent

governing body for members of this ecosystem.

The PAZ Foundation will be established in Singapore as a non-profit organization

under the Singaporean incorporation law, and will establish long term policies and

make important decisions on:

▪ Implementation and technical support for PazCoin and PAZT

▪ Setting the guidelines and registering of members of the PAZ Ecosystem

▪ Operations of PazRemittance, PazDEX, & PazTalk

▪ Establishing an international Crypto financial organization similar to

international financial organizations

▪ Research and support for the blockchain environment for world peace

▪ Research on the PAZ blockchain system and the PAZ Reward Program to

promote the environmental awareness

Governance Goals

The PAZ Foundation will devote resources to establishing fair and transparent


governance structure and processes, taking into account the opinions and circumstances

of all participants within the Ecosystem. This open management model determines and

oversees:

▪ Analysis and response to legal issues

▪ Analysis and response to industry standards and compliances

▪ Other important matters about the PAZ Ecosystem

Development Goals

The foundation will lead and financially support the development of the platform on

which partners in the ecosystem can create value and grow with each other. The PAZ

Foundation will further promote the development of the PAZ Ecosystem software by

bringing in a team of developers, and maintain an open-source codebase and PAZ APIs

for participants of the Ecosystem.

PAZ Ecosystem

PAZ Foundation will be built to serve as an organization that oversees the equitable

and productive growth of the PAZ Ecosystem. PAZ Foundation will also manage

PazCoin’s remittance, trades, and currency exchanges, and provide tools to ensure that

all services are running smoothly within the PAZ Ecosystem. Ultimately, the PAZ

Foundation will work to enable the PAZ Ecosystem to evolve into a decentralized and

autonomous network.

PAZ Technical Team

The PAZ Technical Team is formed, which is responsible for the smooth operation of

the PAZ ecosystem and the development of technologies for growth. The PAZ

technical team, which consists of top level experts in each field such as IT and

Blockchain System, is responsible for direct and professional technical support for the

PAZ Ecosystem, which consists of PazRemittance, PazDEX, and PazTalk. It will grow

as a team that leads the stability, autonomy and technology of the world's blockchain

system.

Summary

We expect the PAZ Ecosystem to be a decentralized, independent, and autonomous


system based on its core PAZ cryptocurrencies. Moreover, we expect that the PAZ

Ecosystem will expand geographically to achieve global reach, as well as multiply in

numbers of participants and partner organizations. The PAZ Foundation, through

economic and technological advancements and with PazCoin at its core, will strive to

create an open and independent PAZ Ecosystem in our everyday life. The key to this

Ecosystem is the guarantee that all participants, including users, partners, and founders,

will have economic incentives within the system.


7 Issuance of PazCoin for ICO (ERC20)

7.1 Allocation of PazCoin

Table 3 PAZ Token Allocation Plan

Total Supply Token Sale 3rd Party

Donation

Team/

Advisors

PAZ

Foundation

Operation

Reserve

PazCoin 100% 20% 30% 10% 30% 10%

Total

Supply 5,000,000,000 1,000,000,000 1,500,000,000 500,000,000 1,500,000,000 500,000,000

The table above shows the total supply and allocation plan of PazCoin. PazCoins

allocated to the PAZ Foundation will be frozen for five years, and will be used for the

following purposes:

▪ Donation: the PAZ Foundation will donate PazCoins to third parties. However,

the donated tokens will be frozen for 10 years from the date of donation and

will be used for various settlements and expansions of the Paz Blockchain

System, including the creation of a blockchain environment for peace and

international solidarity, as the value of PazCoins increases in 10 years or more.

▪ PAZ Foundation Operating Cost: the PAZ Foundation has been established to

ensure independent management and growth of the PAZ Ecosystem, and a

proportion of the Foundation’s share is allocated towards the continuous

operation of the Foundation as well as legal and development costs.

The next table shows the scale, schedule, and target amount of each Presale.

Table 4 PazCoin Sale Schedule

Currently, PazCoin has not been sold in any presale or private sale, and will be listed

on a main cryptocurrency exchange in late 2019 / early 2020. The initial listed price

will be set at a reasonable price in consultation with the exchange. Funds earned

through the sale of PAZ tokens will be used to fund PAZ operations and to establish

the PAZ Foundation, and some will be used to build the PAZ Ecosystem, develop the

Private Sale Presale ICO Total Supply

PazCoin 0 0 1,000,000,000


PAZ System and additional features, and implement the PAZ long-term roadmap.

7.2 Investment of Tokens

Figure 14 Breakdown of tokens earned from presale

The funds earned through the token sale will be invested for the operation, promotion

and development of the PAZ Foundation, as shown in the table above. The

Engineering/Dev proportion will be allocated to the development team for the

development of all systems and services that will materialize the ideologies of the PAZ

Foundation.


8 Roadmap

Figure 15 The PAZ Project Roadmap


9 Conclusion

For some time, the ICO craze attracted large amounts of funds into the market. One

ICO alone would attract 100 million USD or 500 million USD, and people would call

this a success. However, it does not take long for one to realize that this ‘success’ is

simply a collection of people’s funds without existential sustaining business models.

Shouldn’t the scale of success be determined only once the proposed business is carried

through? As proposed in the beginning, most ICOs so far presuppose that the

blockchain environment will be created in every part of the world, but blockchain

systems are still only in their infant stage. These ICOs base their models on the premise

that many people will use their cryptocurrency in an environment where

cryptocurrencies are readily available for use in shopping, money transfer, and tax

payment.

Our PazCoin and PAZ System have been created to set up the PAZ Blockchain System

in all parts of the world and to foster a safe, convenient, and happy environment for

foreign workers and all people in need. In order to carry through with this plan, we

have been sharing the PAZ spirit with global experts in various fields such as

international politics, IT, environmental science, and NGOs – and this spirit is

spreading very rapidly. The PAZ Blockchain System will create a differentiated PAZ

Ecosystem.

PAZT in PAZ System is stable coin which is used as a Utility Token. The price is fixed

like USDT and works with US Dollar. On the other hand, PazCoin, which will be listed

on the cryptocurrency exchange and purchased by the public, will be traded only at a

limited amount. The value of PazCoin is directly related to the growth of the value and

profit of the PAZ Foundation.


10 PAZ Foundation

10.1 Core Team

Antonio Hyun Jong Lee

Founder/CPO

Strategic Planning & International Business Development

Secretary General of Asia and Pacific area of WOFP/OMPP

EZEN SOFT Co., Ltd, Planning Director

CEO, Iskra Pictures Co., Ltd.

Amities Internationales Andre Malraux(France) Secretary

General

WOFP/OMPP Secretary General of Asia and Pacific area

Chris Williamson

CMO

International Marketing & Blockchain and

Cryptocurrency Ecosystem

With an extensive background in business, leadership and emerging

markets, with roles including board positions in finance, founder of

an international marketing agency, and co-founder of a Chinese

training and education company, Chris brings a wealth of experience

to his roles as advisor to blockchain projects.

Charles Lee

CTO

Technical Lead & Blockchain Architect

Charles holds a M.S. degree in computer science. He majored in

computer distributed systems at the graduate school and is an IT

engineer with more than 30 years of experience. He has been

developing UNIX kernels, developing X terminals, TCP/IP for PCs

and network security equipment. Now he is actively involved in

blockchain core development and related businesses. He has

successfully completed the multiple blockchain projects and is now dedicated to the PazCoin

Project.


Hansu Ethan Lee

Technical Director

Ethan is a Technical director of PAZ Foundation, and is leading the

engineering team of PAZ System. Prior to joining PAZ System, he was

the CTO at LinkZen, and he worked at Samsung Electronics as software

engineer. Prior to that, he worked as a software developer at TG Payment

Gateway Corp. He studied computer science at KAIST.

Kay Ro

Marketing Manager

Managing the community & Marketing planning &

strategies

Kay has BA in marketing and advertising. She has managed various

projects in digital marketing. Kay has been in the cryptocurrency and

blockchain scene for over a year managing the community and planning

marketing strategies.

Jongtae Park

Director in Business Development

Ryan Park graduated from the Department of Chemistry at Yonsei

University and has experience in IT industry sales and marketing for

decades. He has consulting and management experience of many

companies. He serves as a representative director of Korea Coin

Exchange and serves as a blockchain remittance service. Currently, he is

focused on expanding the PAZ Ecosystem businesses.

Phillip Son

Blockchain Business Developer

InfoTrust Inc. • Founder & Former CEO (2001 – 2012)

T-Money Development and Supply (Korea, New Zealand, Columbia, etc.)

USIM, GSM SIM Development and Supply(Japan, Indonesia)

VISA, MASTER Chip O/S Development and Supply (Korea, Japan)

Electronic Passport Development and Supply (Korea)

Civil Service Electronic Certificate Development and Supply (Korea)


Richard Bang

Principal Engineer

Richard has a depth of experiences in IT engineering and recently has

been developing cryptocurrency exchange software. He is very fluent in

php, MySQL, Oracle, blockchain and smart contract development

including Java. He is currently developing blockchain cryptocurrency

exchange software and DApp for the PAZ System.

10.2 Advisors

Kean Chan Lee

NGO Safe World Chairman &

Cooperating International NGO

MS, Yonsei University Graduate School of Public Administration)

W.G.F. World Guard Federation Chairman

Korea Guard Association Chairman

International NGO Safe World Chairman

Korea Disaster Relief Vice President

Carlos Tello

General Director of WOFP/OMPP

President of WHBANK(World Humanitarian Bank)

World Organization for Peace Controller WOFP Mexico

Three Americas and the Caribe

Indra Kattel

International Director of WOFP/OMPP

OMPP WOFP


Carlos Peralta

President of WOFP/OMPP

OMPP WOFP

Marcelo De Valenzuela Sanchez

Operative Director of WOFP/OMPP

OMPP WOFP

Jay Ahn

CEO at Blockchain Factory Corp

During his last decade, Jay has served as COO at CrossCert, where

internet security, and public key infrastructure were the keywords. In the

last three years, he has been very actively involved in developing new

business models and teams in the blockchain arena as CEO at

Blockchain Factory Corp.

He holds MS in Computer Science from the Ohio State University,

worked as MTS in UNIX kernel at Bell Labs, and Hyundai Electronics Corp. as director for

UNIX server engineering team.


10.3 Partners

Ingenico Group

Ingenico is a French company that provides technology related to

secure electronic transactions, and its traditional business is based

on the manufacture of Point of Sale (POS) payment terminals, but also includes complete

payment software and related services and software for merchants.

OMPP/WOFP

The World Organization for Peace is a not-for-profit organization, and the

long-term goal is to protect human life by defending the peace of the planet.

The international organization WOFP / OMPP complies with the guidelines of the United

Nations. WOFP / OMPP aims to end war on Earth, while at the same time promoting peaceful

dialogue to protect peace and the culture of peoples.

X4CHAIN, Inc

X4CHAIN is an excellent Blockchain technology company

with skilled employees for cryptocurrency Mainnet,

Blockchain DApp, cryptocurrency exchange system, and

ICO consulting services. X4CHAIN will be devoted to the development of new solutions and

services as part of Blockchain and cryptocurrency innovation.

Twinning, Inc

The GU-ID is the only unique ID generated based on biometrics.

Twinning, a private and non-face-to-face authentication service platform based on GU-ID, is a

biometric card company that recently announced the GranC G-Chain project, applying GU-ID

to the blockchain. GU-ID's field of application can be applied to various areas such as financial

services, personal authentication services, non-financial payments, foreign currency and

international payment services. We are actively considering introducing GU-IDs for KYC

certification and identity verification for PAZ Projects when transferring money.


The PAZ Project

PAZ Foundation

2019

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The PAZ Project PAZ Project... · 3 / 50 The PAZ Project as stock trading. This white paper clearly states the presence of unforeseen risks and uncertainties associated with PAZ Foundation