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WHITE PAPER: VDC COIN (ViDiCia, VDC Coin and Related Processes)
Valens. Donum. Caritas.
“The doctor of the future will no longer treat the human frame with drugs, but rather will cure and prevent disease with nutrition.” ~ Thomas Alva Edison
Preamble Has the world become a crazy place where your energy is being siphoned out? Is your mind and body equipped enough to the ever-demanding workload? Do you take the right nutritious diet to compensate the energy you spend every day?
Well…the buck stops here. You cannot avoid your workload; you cannot stop your energy from getting drained out. You cannot shy away from the pressure-cooker of your life. But what you can do is to make your mind and body fit to counter everything. And the solution to this is only one – nutrition. Nutrition and balanced food is the need of everyone in the world. From a toddler running with a fishing rod in a Fiji beach, to an octogenarian living in an assisted living center in Oklahoma, nutrition is everyone’s need and a daily need. Nutrition is an industry - a billion dollar one. But, the big question: is it serving those who really need it? Let’s look at the some of the horrifying facts about the nutrition as a whole on a global level:
Two billion people in the world suffer from various forms of malnutrition Death of 2.6 million children each year – a third of child deaths globally 1 in 4 of the world’s children are stunted Adults who were malnourished as children earn at least 20% less on average than those who
weren’t. Undernutrition accounts for 11 per cent of the global burden of disease
The impact of mal- or under-nutrition is huge. It is not only effecting the global population from First-World-Class-A-city dwellers to nomadic tribes living in remotest of places, it is impacting the global economy also. In a research work by J Hoddinott, M Rosegrant and M Torero titled ‘Challenge Paper: Hunger and Malnutrition’ published by Copenhagen Consensus, it was stated that each dollar spent on nutrition delivers between US$ 8 and US$138 of benefits. If channelized in the right way, an annual investments of US$ 347 million to provide micronutrients to 80 percent of the world’s malnourished would yield US$ 5 billion in improved earnings and healthcare spending. Such is the power of the nutrition industry that all major pharmaceutical and food manufacturing conglomerates are eying for a share of the pie in this multi-billion-dollar industry. However, in the whole process everyone has forgotten the actual people who provide the service to those want. Nutrition is a science and cannot be achieved through marketing, promotion or simply through account books! And the people who actually do the heavy-lifting are the nutrition experts and the dieticians. Like medicine and medical advice, nutritional products and associated advisories are provided by the experts in the world of medicine. However, unlike medicine nutrition has a completely different aspect also. Supply of nutritional products can be home-grown too. In other words, with proper instruction in hand, anyone can prepare a nutritional diet for self-consumption or for the family. But, sadly the art and science of home-based nutrition product making techniques have been high-jacked by top conglomerates and what they provide in the good wrappers and packages are same as that one can product at home; only difference is the cost which is several times more than what it takes in case of the homemade one. The knowledge and expertise are completely hidden.
The Solution For both service providers (in the form of nutritionists, dieticians and home-made nutritional product makers) and the service takers that include people from every walk of life what is needed a complete platform to interact. A platform that can provide the following:
Enlisting of service and expertise
A vast knowledge-base of nutritional products
A mapping system that can map someone’s requirement with the right expert
The same mapping system to suggest expert or product based on past search, logical analysis,
location, demography etc.
An escrow system that would ensure that service is delivered and accepted
Localization of nutritional products (Mediterranean basil may have different effect on an Indian
than on an Italian)
An intelligent data management system to reduce redundancy – a system that would auto-
suggest and process requests
Feedback-rating-review system
Programmatically monitored and managed
And most importantly…
A uniform transactional process for the entire platform
Now, let’s look at some of the most important aspects which the platform should never encourage:
Bidding process like freelance job sites
Premium plans, top-placement, ‘featured’ service provider etc.
Advertisements of nutritional products or services
Brand building activities
Any form of biasness towards any service provider/taker, product or process
ViDiCia – The platform The idea of ViDiCia is based on the solution we discussed above. If we look at the high-level aspects of the platform, ViDiCia can be segmented into the following core parts:
Uniformly managed through Hybrid Framework developed using both Open-source and
proprietary based development technologies
ViDiCia Administrative Control Panel
Dashboard for all types of users
AI driven search and auto-suggest based on the user’s search patterns and other permitted
data sources
Communication system – integrated chat (audio/video/text) system, email and push
notifications
User Management with Smart Fraud protection
Verification system (we are planning to use Blockchain technology to verify the user’s
interactions)
Content Management – Both user-generated and Admin-led
Profile and portfolio management for service provider (no premium listing)
News and events management
Panelist and experts – Expert list will be by an anonymous voting system
Knowledge-base, Wiki (verified)
Reference validation to be updated periodically
Interfaces on web, Android and iOS
A NoSQL database (MongoDB) running on document-oriented data model
Intelligent and intuitive search and mapping at the user-end
Philanthropy – Decision on donation will be by voting only. Donation will be made in VDC Coin
which will be exchangeable in listed exchanges
Transaction management – all transaction on ViDiCia will be done through VDC Coin only
ViDiCia – The Platform for All Nutrition Needs
Market and scope The $320 billion Global Nutrition Industry, a comprehensive domain that includes: functional foods
dietary supplements (minerals, herbs/botanicals, vitamins, meal replacement and specialty)
natural personal care
natural/organic foods
services rendered by nutritionists, dieticians and trainers
clinical nutrition
sports nutrition
age-growth-pregnancy related nutrition
mass nutrition programs
The industry is growing comprehensively with a growth 15.9% CAGR and expected to be a Trillion-dollar industry by 2024. The industry is growing vis-à-vis the technological advancement in medical science, work-life balance (or dis-balance), population growth, socio-economic structure and so on. As human life expectancy is increasing so is the demand for better nutrition. Similarly, people are getting engaged in their work life more due to increased competition and this is increasing the need of nutrition. Moreover, people are getting awareness and informed which further scaling the scope of nutrition as a whole. Therefore, realistically speaking, target of ViDiCia will be a modest one – just 0.05% of the whole industry. Even then the platform is set to do a business of USD 165 Million. Moreover, this is a figure based on organized sector data. In the global unorganized nutrition industry segment which the ViDiCia platform targets primarily, the market is roughly estimated to be one-fifth of the organized sector which is around USD 60 billion. So, if ViDiCia target a highly plausible 0.5% of this market, there is a practical business scope of another USD 300 Million for Vidicia. So, even we achieve 40% of this, there will be a rough circulation of $186,000,000 resulting into distributed income of $9,300,000 at 5% fees only through the ViDiCia platform.
Introduction to VDC Coin
What is VDC Coin?
VDC Coin is a new peer to peer, open source, blockchain based cryptocurrency created to serve as the
de facto digital currency for ViDiCia platform. It’s a complete altcoin (with near future availability in
global crypto-exchanges) with wallets for safe-keeping and trading utilities besides being an integral
part of the ViDiCia platform. For more information, please visit:
http://www.vdccoin.io/
What is VDC Coin Wallet?
VDC Coin Wallet is a fully functional electronic wallet which is used to store the VDC Coin credits of any
user. Every VDC Coin wallet has its own identification number and each wallet is mapped to the user’s
registered mobile number. Any transaction on the wallet will be confirmed to the user via an
automated SMS.
The wallet is used to:
Transfer VDC Coin to another account
Receive VDC Coin from other users.
Store VDC Coin
Trade VDC Coin
Buy VDC Coin against fiat currency
Send Converted VDC Coin to user’s bank account.
The wallet will directly interact with the underlying VDC Coin blockchain to get all the transactions
done.
Security
Presently, the wallet is secured with a system generated password at the time of initiation which the
user can change (password strength is set). The password is further encrypted and stored in a secured
database.
In no way the VDC Coin Technical Team can retrieve the encrypted password.
Use of VDC Coin
VDC Coin comes with a solid and robust usability factor. VDC Coin offers multiple benefits such as:
VDC Coin will act as the de facto digital currency for the ViDiCia platform
VDC Coin will be easily exchangeable across global exchanges
VDC Coin is a fully functional coin which can give the investor amazing returns
VDC Coin has two different driving forces behind its growth – 1) growth due to trading in
exchanges 2) Secondary growth through the ViDiCia platform which will drive the first
USP of VDC Coin
Easily acceptable cryptocurrency with security, investment assurance and flexibility in usage.
Fully functional cryptocurrency with easy Fiat conversion
Planned wide street-level acceptability, something which even Bitcoin failed to achieve
Fully functional native wallet. No need to use another cryptocurrency multi-wallet like Coinomi.
Fully functional exchange for trading of VDC Coin (planned).
Robust SHA256 security for end-to-end transaction protection
Self-mined with sustainable and easily scalable network
Scope of growth
The major growth driver of cryptocurrency market includes rising demand for better income saving
structure, advanced technology implementation in improving banking network, safety and security
associated with the currency, increase in purchasing power of people, elimination of third party and
less chances of security threats. BFSI accounts for high market share owing to high adoption of online
banking, contactless payments and mobile banking application and increasing number of universal
cryptocurrencies companies.
In cryptocurrency market, digitization and mobility is one of significant factor driving the market.
Digitization helps organization by providing seamless platform to handle consumers’ information and
increases efficiency and accuracy in business operations. Digital technology supports both upstream
and downstream customer engagement activities. Cryptocurrency empowers organization to adopt
digital currencies into their existing financial systems securely this is one of the significant factor
boosting the Cryptocurrency market. By end-user segment, individuals and large enterprises acquires
highest market share owing to better analysis of digital currency offered by cryptocurrency companies
that is benefitting finance organization and is further fuelling the market growth.
The future of VDC Coin is bright and we expect sharp increase in valuation of the coin.
Pre-Sale of VDC Coin
We are organising a pre-sale of the VDC Coin coins for early access. During this period, VDC Coin can
be bought from the official website: www.vdccoin.io
The pre-ICO offerings are (in multiple currencies) and the day after the pre-sale ends, we expect the
price of VDC Coin to go up. VDC Coin will be listed in global exchanges.
For traders, one can buy now and sell later to gain profit. For daily users, they can buy at base price
and use these to purchase from when their valuation goes up.
Here are the details at a glance:
Total number of pre-mined coins 187.5 Million
Coins to be sold during ICO & Pre-ICO 150 Million
Pre-sale Timing 27-NOV-2017 Till 17-DEC-2017
Soft-Cap 45 Million
Hard Cap 105 Million
Pre-sale Base Price USD 0.1
Minimum Investment No restriction (but expected to be at least $100 for a better growth)
Bonus Between 30% to 10%
Where to Buy https:// www.vdccoin.io
VDC Coin Sale Plan Start date (with Pre-ICO): December 4, 2017 (12:00 Midnight UTC+0)
End date (ICO-Ends): January 15, 2018 (12:00 Midnight UTC+0)
Soft-cap: USD 4.5 Million
Hard-cap: USD 15 Million
Currency accepted: ETH, BTC, LTC, BCC (other Altcoins also may be added)
Number of tokens per person: unlimited
Minimum transaction amount: USD 100 (to be paid in BTC/altcoin as per the current market-
price)
Maximum transaction amount: USD 10,000 (to be paid in BTC/altcoin as per the current
market-price)
Bonuses:
Week 1: +30% bonus
Week 3: +20% bonus
Week 3: +10% bonus
Token Distribution Model:
Technology,25%
Marketing&Promotion,30%
Operation&Administration,15%
Stakeholder&Advisory,10%
Coreactivitiesreserve,10%
Charity,10%
VDCCOIN:FundUtilization
Technical Aspects of VDC Coin Logical Flowchart of VDC Coin Transaction VDC Coin coins are stored in the user’s wallet. Every wallet has a unique wallet ID which is can also be mapped with the ViDiCia platform ID of the user. This enables VDC Coin users to quickly send or receive VDC Coin for any service rendered or availed using the ViDiCia platform. For general transactional purposes it is also possible for users to send coins using the original Hexadecimal wallet address. VDC Coin transactions are initiated by a SEND command where two datasets are required, the receiver’s address (de facto, the ViDiCia ID) and the amount to be sent. VDC Coin transactions are blockchain based. Block generation time on the VDC Coin network is maintained at 120 seconds. However, it is a flexible choice and in the future, with greater network load, we will consider a shorter block generation time. Let's take the simple example of a transaction of VDC Coin between Alice a senior citizen based in Dallas and Liu, a nutrition expert based in Toronto. Scenario – Alice takes Liu’s consultancy services related to daily nutrition supply. Alice and Liu are both registered ViDiCia users. Process flow
1. Alice logs into her account using a private key (password). 2. Liu’s name is shown in the list of service providers which Alice shortlisted earlier. Alice decides to take Liu’s services and deposits 100 VDC in the escrow system managed by Vidicia. 3. This information is placed on the next available block and taken to the underlying blockchain network. 4. The blockchain verifies both datasets. The Receiver Address is checked against the user database to find the account which is mapped to the ViDiCia ID. The financial records of Alice are checked to ensure that she has enough credit balance to transfer 100 VDC. 5. Once the blockchain finds positive response for both the queries, it proceeds with the transaction. The amount (100 VDC) is deducted from Alice’s account and is added to Vidicia’s Escrow account. The new available balance is updated for both the accounts on the blockchain record. Liu is also informed (push notification/email). 6. Once Liu completes her service, Alice is notified and who in turn accepts the payment request from Liu. 7. The process as given from Step 2 above is repeated; but this time between ViDiCia and Liu where, applicable VDCs (after deducting ViDiCia platform fees) are deposited in Liu’s account. Liu’s wallet gets updated.
Protocol used VDC Coin utilises PoS (Proof of Stake) protocol and not PoW (Proof of Work). We preferred PoS protocol because: 1. Less computing power needed to stake and no mining is required. 2. The transaction charges are lower than PoW, always. 3. Faster confirmation due to less complex transaction hashing. 4. More transactions per second which offer improved scalability. 5. Less centralised which keeps it true to the philosophy of Cryptocurrencies. 6. Increased versatility, offering multiple advantages over PoW coins. In PoS protocol, there is no need to mine. Instead, we highly encourage our users to take part in Staking. Staking doesn't require any special hardware or running of scripts. In VDC Coin wallet, it is very easy to Stake the available coins. We pay a 2% APR rate (think of it as your saving bank account interest) so even the idly lying VDC Coins actually earn. Security Your data is safe with VDC Coin because the data is kept on the blockchain network and blockchain, by design, are immutable. VDC Coin encrypts your data with SHA-256 encryption technique which is the most advanced encrypting technology in the world. The hash file is created from user’s raw data and is virtually unbreakable. Even if someone breaks it using a very high powered computer, in a hypothetical case, it is technically impossible to get back the original data from the hashed file. VDC Coin wallet is secured with passwords and this password does not reside with us. Considering a hypothetical scenario, even the VDC team cannot retrieve the user’s password. Coins in a lost wallet can only be retrieved using standard procedure only. We plan to increase the security of the wallet by introducing advanced security measures like Fingerprint unlocking, in the near future. Inflation VDC Coin is completely pre-mined and thus, there is no inflation. The VDC Coin count is fixed at 440 million.
The Roadmap
June 2017: The idea of ViDiCia was born August 2017: Business Strategy, Technical planning for Vidicia platform and VDC Coin October 2017: ICO planning November 27, 2017: Registration Starts December 04, 2017: Pre ICO Starts December 11, 2017: Pre ICO Ends December 18, 2017: ICO Starts January 15, 2018: ICO Ends January 21, 2018: Concept Starts January 27, 2018: VDC Coin Launch February 10, 2018: ViDiCia Platform Starts
Our commitment to investors:
Fund raised less than USD 4.5 Million: Investor’s money will be returned
Funds raised between 3 to 6 Million: ViDiCia platform starts | Promotional process starts |
Potential ViDiCia users are reached out
Funds raised between USD 6 to 10 Million: Participation in exhibitions | Signing MOUs with like-
minded healthcare professionals and scientists who believe in a cause | Reaching out to various
organizations
Funds raised between USD 10 to 15 million: Spread ViDiCia as a platform | Organization events
| Very large scale promotion | Start charity programs
Funds raised beyond USD 15 million: Global reach out
For more information, please contact:
VDC Digital Services Ltd
Portsea Place, London, United Kingdom, W2 2BL
Call: +44 20 3318 1976
Email: [email protected]