The leaders of an international community with more than 20 million members desired to create a method of value exchange for exclusive use by its members.
Background & Client Challenges
The client requested a way to craft its own cryptocurrency to be used exclusively within its international community. They were very concerned about the environmental impact that such a project might have. Their goal was to create a stablecoin that could be used for daily commerce.
To assist this community, The Palmer Group:
- Created a “proof of concept” test for a new altcoin.
- Reported on the expected environmental impact.
- Designed a roadmap for the private/public blockchain implementation of their new cryptocurrency.
- Adapted open source validator node software to match the project specifications.
- Created a full set of developer relations documentation and a marketing plan to roll it out.
- Provided engineering and product management support.
The community leaders are now evaluating the implementation and the social impact of releasing their own cryptocurrency. We are awaiting their decision.