Sikoba was created by the founder of New Money Hub, a think tank focused on monetary theory and stable economic systems.
... to help us build a Proof-of-Concept and support us on our road towards an ICO.
With P2P lending growing at 50% p.a., we see the market of P2P IOUs as the next frontier of finance, and the ultimate distributed finance application.
Sikoba is a decentralised money platform based on peer-to-peer IOUs and built on blockchain technology. Participants who know and trust each other in real life grant each other credit lines in the Sikoba system. They can then pay each other without using fiat money. These peer-to-peer credit relationships are governed by contracts with specific conditions, fee structures and repayment rules. Using credit conversion, a kind of configurable rippling, payments between participants who do not trust each other become possible. Fiat money or cryptocurrencies are used when there are no credit links between participants, or to repay outstanding balances when needed.
P2P payments are already above $1 trillion annually. From almost nothing 10 years ago, P2P lending has grown to $26bn in 2015 and is expected to reach $900bn in 2024. We believe that P2P IOU systems have a similar potential and that they will soon become the next frontier in finance.
There is, in the end, only one possible backing of money, and that is the promise of human work. All the mechanisms of banking and finance tend to hide this basic fact
Only a few centuries ago, most trade was done on credit. In addition, many monies circulated: the government’s money (which, by the way, was not always strongest), money issued by bankers, money issued by local princes, by monasteries, by merchants. Paying with credit was a normal occurrence. The Sikoba system will allow a flowering of this monetary diversity, adapted for modern times.
Alex is a researcher in monetary theory and leads the development of the Sikoba platform.
A former Group General Counsel of a large corporation, Eliabeth is a co-founder and helps us deal with legal issues.
Lisa is in charge of accounting and compliance issues. She has a long experience as head of finance of a UK listed company.
Dmitry has more than 10 years’ experience in IT project management, marketing and product development.
Bokky is a self-described ‘Actuary, consultant, quantitative developer, almost-a-palaeontologist and Ethereum fanatic.’
Emmanuel is a financial services and risk specialist. He has been advising us on platform design and regulatory issues.
Roland is an Ethereum consultant and also helps with community relations.