How It Works

The TTP community will pay a small (<5%) proportion of suppliers payments using the Token, who in turn are able to cascade the payment into their supply chain, thus ensuring the values of the customer reach every tier across the globe.

The TTP community will pay a small (<5%) proportion of suppliers payments using the Token, who in turn are able to cascade the payment into their supply chain, thus ensuring the values of the customer reach every tier across the globe.

To transact the TTP and exchange for FIAT, holders need to comply through smart contracts with sets of behaviours and transparency which are immutably recorded on the TTP blockchain thus ensuring behavioral transformation. These behaviours are certifications of sustainability, modern slavery, health and safety, impact, bribery, etc.

Staff and CSR initiatives are also rewarded in a small part by TTP tokens which attract <= 20% discounts from multinational and local corporations including retailers.

This scheme provides sustainable and scalable circular economies in a multi- stakeholder environment. Whilst linear economies typically have a classic bell shaped distribution curve, non-financial economies oscillate wildly as intangible value is continuously created and crushed; with circular economies value can perpetually grow as once cycle feeds into another.

“THE MARKETPLACES BEING ABLE TO TOKENISE AND INCENTIVIZE PARTICIPATION IS WHY … BLOCKCHAIN TECHNOLOY AND CRYPTOCURRENCIES ARE WHAT’S NEEDED TO ADVANCE THE CIRCULAR ECONOMY. OUR CURRENT LINEAR ECONOMY IS MASSIVELY WASTEFUL BY DESIGN, INEFFICIENT IN CIRCULATING GOODS FOR RECOVERY, AND IS SIMPLY BUILT TO TAKE, MAKE AND DISPOSE OF FINITE MATERIALS. THE CIRCULAR ECONOMY IS TRANSPARENT, SOCIALLY INCLUSIVE, AND INCENTIVIZES, ENABLES AND REWARDS MATERIAL CIRCULATION”

 

Jordan Fengel, Executive Director of the State of Texas Alliance for Recycling
Circular Procurement Economy

From smart contracts to increased accountability, fraud protection, transparency, fairer deals, and supply chain integrity with TTP blockchain (TTPB) technology procurement functions benefit hugely from the speed, efficiency, transparency and immutability this will embed trust between parties as transactions and agreements become absolutely verifiable.

The operation of the token: the supplier perspective

TTP would operate as a two token system, i.e. TTP which expresses financial value and TTPm which is focused on creating and cascading social value and doing good, in a circular manner as can be explained from a supplier perspective as follows:

The supplier is incentivized to use the TTPm, because it could be used as a form of ‘collateral’ against which s/he could make purchases to benefit themselves, their family or their farm/business. For example, the collateral could be used to gain certification which would allow them to trade, or to pay for the doctor’s fee for their sick child, or for equipment/training resources to address the impacts of climate change on their land/property. In addition, the TTPm could be traded with other suppliers/farmers/producers, or traded up to the co-operative (if one exists).

In effect, it would act along similar lines to ‘a line of credit’. Thus even though the farmer/producer has no/limited monies, and perhaps does not own the land/property from which s/he operates, they still have the means to ensure the viability of their operation, and also to provide for the wellbeing of their family, and community.

This ‘collateral’ would be packaged and sold to large investors/corporates in a manner that is similar to carbon credits/green bonds. These investors/corporates could purchase the TTPm from the original Exchange that issued them or when they are being traded.

Thus the entire system is not only circular, but also facilitates doing good, and enabling the creation and cascading of social value, across the seven economies.