Project Risk and Risk Management
A. Risk of regulation
Today, though some governments, like Japan, have a positive attitude towards it
Blockchain and cryptocurrency technologies, and have established favorable policies to support
industrial growth, there is still a lot of uncertainty at the level of regulation because
conflict between the decentralized nature of public blockchain and existing policies
centralized government. The government is harming the proliferation of use
cryptocurrency in local trade may issue laws and regulations that consider use
cryptocurrency of a regulated activity. eg In recent months, countries like China
regulations or statements issued that prohibit the sale of tokens, while other countries such as the U.S.
has attempted to bring token sales under the same regulatory oversight of securities
offer. This could make ETI holders unable to use their coins in the future without
further regulatory compliance.
3
The management team will use the following ways to reduce regulatory risk:
• The team will establish a separate Public Relations department that will communicate actively
with relevant government authorities and industry practitioners, to design and implement
issuance of digital assets, trading, financial Blockchain, Blockchain applications, and others
business under the existing legal framework.
B. Market risk
The ultimate goal of eInc is to enable organizations and individuals to run a business on
Blockchain. However, as the Blockchain industry is still in its infancy, the project will face
various market risks in the future.
The Operations Team will use the following ways to reduce market risk:
• The eInc Operating Team will attend industry meetings regularly and hold press releases
progress of the project from time to time to communicate and discuss with relevant business
regarding current market needs and prospects. This can ensure that the project is capable
immediately responding to questions from communities and markets.
C. Technical risks
The purpose of eInc is to build a platform for running organizations in Blockchain, which is a
a challenging task in terms of technology development. Therefore, the project puts it high
demanding top-notch technical talents and requiring extensive research involvement and
engagement.
The Operations Team will use the following ways to reduce the technical risk:
• Work closely with the leading developer communities and research institutes to focus on
ecosystem development.
• The eInc team will also regularly allocate funds to support the development of eInc
community and do deep collaboration with Blockchain and other crypto
communities, to ensure that the technical risks of the project can be managed.
D. Financial risk
Financial risk refers to the loss of significant investment generated through Coinsale and Pre-sales.
For example, hackers or other malicious groups or organizations may try to interfere
with the distribution of eInc or eInc Blockchain in various ways, including, but not limited to,
malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing
and spoofing.
The Operations team will use the following ways to reduce financial risk:
• All digital currencies collected through Coinsale or Pre-sales are stored in multi-signature
wallet with cold storage and managed by eInc team.
• By using 3/5 multisignatures, the risk of project funds is subject to takeover and / or
theft can be effectively reduced.
introduction
EtherInc (also referred to as eInc in short) makes DAO a reality. eInc organization is
indefinite and decentralized, just like Bitcoin, which is not limited by geography,
intermediaries and other artificial restrictions.
The concept of distributed teams working together from around the world has been obtained
momentum over the past few years. Working as a distributed team opens up new possibilities
and roads.
Existing organizational systems work fairly when all parties are part of and
governed by a general organizational framework governed by regulatory bodies
one jurisdiction, and located in one jurisdiction. However, this is not the direction in which
the future of the organization is heading.
Traditional businesses are being replaced by tough startup organizations where teams are located
no longer shackled by geography and jurisdiction.
According to a report published by the Global Entrepreneurship Monitor, there are more than
300 million entrepreneurs launch 150 million startups worldwide, every year. Currently
numbers may seem impressive, only a third of these startups are 50 million actually
manifest, and therefore benefit the community in one or more ways.
Examine the reasons behind the failure of these new organizations, insufficient capital
stands out as the most prominent factor. Organizations that fail, usually do not have
capital investment to defend itself even for six months, let alone the idea to change
become a successful venture.
Different country rules and regulations create friction
Always change compliance and rules that must be obeyed if you want to avoid them
a penalty that can reach up to $ 50,000 in building your organization. This
regulations tend to cause major strife for startup and block out brilliant thoughts from all directions
globe from collaborating.
For example, if you are from Australia and your friends, say, from Ukraine, please
collaborate and start a company together, then there is some documentation and
country specific regulations (from Ukraine and Australia) that you must meet
according to both jurisdictions.
You will also be required to hire a law practitioner who will charge you a hefty fee for
contract documentation, payroll etc., apart from bank fees, transfer fees etc., which are
that you will encounter during your organization's walking time.
● Severe merge fees, expensive legal fees, high transaction fees, etc.
Incorporating organizations involves a lot of documents and laws back and forth
which is a burden on startup, which has not even started generating revenue
break even, let alone make a profit.
For example, in combining companies in the US. there is a merger fee, EIN
1
amount of fees, state taxes, tax filing fees, insurance etc. which has been estimated cost
startup to top $ 7500 +.
And this is just the costs encountered by organizations that have US citizens, like
founder. If you have a founder from somewhere other than the US, then the cost can go up
Furthermore.
FOR MORE INFORMATION VISIT LINKS BELOW:
WEBSITE :https://einc.io/
FACEBOOK :https://facebook.com/eincofficial
TWITTER :https://twitter.com/eIncHQ
TELEGRAM :http://t.me/eincHQ
Tidak ada komentar:
Posting Komentar