Hub Culture Group Overview : Ven, HubID, Pavilions
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Hub Culture group overview on services including digital identity, digital currency and collaboration
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Hub Culture Group Overview : Ven, HubID, Pavilions
- 1. Hub Culture Ven Digital Currency, HubID
- 2. Hub Culture, HubID and Ven Hub Culture began in 2002 with the creation of one of the world’s first social networks and quickly grew to encompass global collaboration services. Today the company and network revolve around four key assets: 1. Pavilions – physical locations operated by Hub Culture which enable co-working, event, incubation, and entertainment / content production services. 2. Knowledge Brokerage – networked services and introductions for deal-making among members, with distributed commissions. 3. Ven – the world’s largest centralized digital currency – used inside the Hub Culture retail loop, and traded among regulated financial exchanges, approaching 1 Billion units exchanged. Asset backed by a mix of currency, commodities and carbon, it is the world’s most stable and environmentally friendly currency. 4. HubID – global ID verification and identity services, featuring secure storage vaults for data and the world’s best standards for individual data ownership, privacy and regulatory compliance. Key Statistics: Over 30,000 members worldwide, relationships with 40+ Fortune 500 companies for partnerships around Pavilions and member services. 42 knowledge brokers across 25 cities to source deals. Over 25 Hub Culture Pavilions have appeared on 5 continents, including Barcelona, Beijing, Cancun, Cannes, Copenhagen, Croatia, Davos, Durban, Ho Chi Minh City, Ibiza, London, Los Angeles, Miami, New York City, Rio de Janeiro, Sacramento, Sao Paulo, St. Moritz, and Venice. Together they have generated millions in turnover. Over 500 million Ven exchanged hands in 2014 among 5 Authorities, and over a dozen companies are building deployment and integration “Tabs” for scaled identity linked to HubID. Over $100 Million in retail and service merchandise available at HubCuture.com @hubculture HubCulture.com Hub Culture Humanizing Digital.
- 3. Our ambition is to be the Internet’s standard reserve asset
- 4. Ven is a global digital currency managed by the Hub Culture network. It can be sent anywhere and to anyone online almost instantly. Ven is easy and convenient to use, and its structure also makes it great for the environment. Attributes Established in 2007 Asset backed by a mix of currencies, commodities and carbon Algorithmic elliptic cryptography with rules based issuance Over 500 million traded on regulated exchanges Global consumer interface for instant value exchange Realtime auditing and reserves insurance (2015) Closed loop realtime settlement system Regulatory compliance with HubID identity system The world’s most stable digital asset Authority partner programme for vertical integration @hubculture HubCulture.com Ven Global Asset-Backed Digital Currency 0 125000000 250000000 375000000 500000000 2007 2008 2009 2010 2011 2012 2013 2014 Total End of Year Unit Volume Exchanged 2007 -2015 In Development Now Rewards Exchange with FIS/Capco Credit/Debit cards with Visa/MasterCard Institutional Closed Loop Settlement Coin and POS Hardware for Merchants Global SMS Transaction Capabilities
- 5. Bitcoin $3,064,314,655 Ripple $260,176,905 Litecoin $52,766,808 Dash $16,404,120 Stellar $12,750,049 $50,000,000 *Ven Volume Traded vs. Decentralised Market Cap
- 6. Comparison and Counterpoint Ven Bitcoin Ripple Centralized Decentralized Federated HubID Anonymous Weak ID Asset Backed Demand Mining No Backing Stable Volatile Volatile
- 8. GRN STL SOY XAG XAU CAR SFR AED BRL SGD HKD RMB Yen GBP EUR USD Ven’s Global Asset Basket ! " # $ % & '()*+ , - 🌲🌳🌿 🌽 ⚪ 🔱 🌱⚓
- 9. 500,000,000 units Ven exchanged since 2007 on the road to 2 Billion in 2015 only currency in Forex markets
- 10. 1% 99% 2014 Authorities Hub Culture 58% 42% 2013 Hub Culture Authorities Ven Growth Via Authorities
- 12. HubID is a global unique identity resource provided to members by Hub Culture. It generates a unique hash script badge via supplied data, with ownership of the data maintained by the individual. HubID enables scalable verification services. Attributes Established in 2014 Adheres to MIT Windhover Principles for data ownership Provides crypto-hash string for identity sharing Two types of identity: business and personal Assists global regulatory compliance for Ven currency Realtime auditing and reserves insurance (2015) Closed loop realtime settlement system Regulatory compliance with HubID identity system Honeycomb data hosting for federated storage In Development Now Blockchain integration for smart contracts and identity proofs HoLD - Home of Longterm Data - vault for digital assets Banks, health and reward network information links @hubculture HubCulture.com HubID Global Unique Identity Ownership
- 13. Authorities: Ecosystem Services Map Exchange Platform for digital assets, commodities, equities Cloud wallets and vaults Card services prepaid, debit Forex trading, hedging Remittances and Micro-payments Online Content Carbon offsetting, green corporate balance sheets Distributed Asset Exchanges
- 14. Authorities: Business Lines Forex Trading, Hedging Stable high-frequency pricing enables financial market trading. Estimated market-making income $50 per $1M traded. Ability to hold Ven accounts and hedging processes. Ability to offer custom forex rates related to fiat for Authority services. Remittances and Micro-payments SMS and email linked transactions for developing world. 0 cost per TX. Exit to Fiat fees, aggregation, and add-on services Card Services, Prepaid, Debit Closed loop card services with payment processors, pre-paid cards. Enables ATM/POS functionality for Ven to cloud. Online Content Micropayments for single click content access, linked to accounts, video Exchange Platform for digital assets, commodities, equities Diversified trading and pricing functions for existing asset classes, denominated in Ven. May require SEC licensing. Distributed Asset Exchanges Non-traditional asset trading, with access to HoLD vaults for asset storage. Can include crypto functions Carbon offsetting, Green Balance sheets Ability to distribute and maintain balance sheets in Ven, providing carbon-offset derivative linked to float. Can work with Hub Culture to allocate resources toward these holdings over the long-term that benefit the Authority. (ie dedicated forest reserves) Cloud wallets and vaults Tools for maintaining block-chain assets and traditional asset identifiers. Closed Loop Corporate Netting Build small network of players, banks, telecoms, retailers, for net exchanges between each-other, saving TX fees and allowing for real-time settlement. Can be large or small scale, inside a company or between players.
- 15. VEN LOOP : A Private Network for Institutional Settlement
- 16. As Ven grows, Hub Culture is exploring the acquisition of a banking license to enable new banking services. A banking license approval has been offered in Bermuda, Ven’s home market, creating the following possibilities: Ven Bank Structures Ven Global Digital Bank Infrastructure - Using Ven’s core infrastructure, additional digital banking services can be built into the product offering for a bank service available on a digital platform. Customers could be onboarded via Hub Culture and provided traditional banking services on a mobile platform. For In-Jurisdiction customers, fiat services would be available. For Out-Jurisdiction customers, digital currency services only. As a set of mid-tier banking services, these can be aligned with partners like FIS and Capco for introduction into emerging mobile banking services built by FIS. Off-Planet Ven Private Bank - because the Ven is a digital asset, asset data storage on satellites presents a compelling new private wealth offering, with the goal of ‘disrupting’ off-shore wealth centers. Using the banking license as a tether, transactions could be executed via a banking structure with HNW wealth storage happening off-planet in Ven. On satellites operating at the correct altitudes, international law, jurisdictions and other factors offer opportunities for domicile efficiency, because assets held would not fall under any ground-based jurisdiction. In some cases the satellite beneficial owner, launch country or other aspects may affect the jurisdictional status of the asset, and redundancies would be maintained on earth (cloud) for account balance security. A compelling case for off-planet banking exists as a wealth preservation measure, and Ven makes this uniquely possible. Such a service would likely be offered only to a select HNW group. Low Value Banking Services - Half the world’s population exist on less than $5 a day income, and traditional banking services are not cost effective for these consumers. By combining low-cost access and account credit structures using Ven Wallets with the near 0 transaction cost for remittances in Ven, mobile digital currency banking services become viable to users around the world. A banking license could help to extend cash-out and forex settlement for nodes in such a system. Requirements: $12-15 Million required, which includes a $10 Million Insured Asset Backing with Bermuda Monetary Auth. Investment into one retail frontage in Bermuda (a Hub, nominally self-sustaining via other business services) Additional technical development and insurance, credit services and customer services infrastructure. @hubculture HubCulture.com Ven Private Bank
- 17. Partners are focused on digital integration services and API extensions of the core Ven technology into new realms Priorities Reward Services - Using Sprinkle as a springboard to integrate reward currencies Non-traditional exchange markets - (art, real estate) with block-chain identifiers to track assets Ven Issuer / Dealer - offering Ven to banks and hedge funds on a simple sale / float basis (Capco issues, holds reserve) Corporate Netting Services - to help companies manage internal balance sheet transfers at lower cost Club of Small Banks - pooled services to help regional/community banks offer international services through Ven Mobile Remittance - working on integration to SMS and existing systems to link them to each other - (m-pesa, MTN-i) Integrated Commerce - micro-payments for gaming and content integrated as a service back-end Manage Simple Ven Account Balance Services to Banks Merchant and Merchant Integration Modules Exchange Services to other fiat currencies - especially an Exchange for digital assets (extension of Sprinkle) Corporate Netting Services - to help companies clear on a net internal balance sheet Environmental Offset Product or Service to help companies offset carbon footprints HubID as a bank level KYC/Compliance risk reduction service (drawn from API) @hubculture HubCulture.com Partner Priorities
- 18. Appendix
- 19. Fall 2015: Cards
- 20. 120 Telecom Operators use Bango for direct operator billing 200 Million Mobile Identities. 1 Digital Currency Partner: Ven
- 21. 1,000,000 Ven for Humanitarian Trials Turkey/Syria Rwanda South Africa
- 22. 250,000 Trees Now Under Protection First Ven Forest Reserve, 100 Acres in North Carolina
- 24. Preparing hospitality services, a Race Pavilion and eventually a digital currency denominated, crowd-funded challenge to the America’s Cup: Ven Racing
- 25. Hub Culture Pavilions arrive around the world at key moments and places, catering to the needs of the community. All activities are subject to relative support. Rolling: London, Davos, Los Angeles, Black Rock City, Rio, Cannes, Ibiza. January Davos World Economic Forum Pavilion February Gstaad Knowledge Brokerage Retreat Retreat March Barcelona Mobile World Congress Pavilion Bermuda America’s Cup Sporting Innovation Launch Pavilion April Washington DC World Bank / IMF Spring Meeting Salon London Liquidity Summit on New Finance Summit Los Angeles Hub Hollywood @ Melrose Pavilion May Cannes Cannes Film Festival Pavilion Milan Expo 2015 Pavilion June Paris COP21 Climate Innovation Project Pavilion Bermuda Global Fund Forum (Hedge Funds) Pavilion July Ibiza Summer Season Beach Club Pavilion August Mykonos Fitness Bootcamp + Poolapalooza 15 Retreat Black Rock City Burning Man Encampment / Ven Rally Pavilion Montauk Share: Beach House Share September New York City Climate Week NYC, CGI, UN SGS Pavilion Tianjin, China World Economic Forum Pavilion Singapore Sibos 2015 Pavilion October Las Vegas Money 2020 Pavilion November Macau Liquidity Gaming : Virtual and Real Mergers Summit December Miami Art Basel Miami Beach Cabanas @hubculture HubCulture.com Pavilions 2015 Experience Calendar