Tag: open finance

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Open-bank.org for an open source AI

In an open world, democratisation of ‘creations of mind’ is leading to a sustainable world.

On its newsroom, Muellners Foundation announced recently that the Open Bank Portal is out of beta and released for public use.

Open-bank.org is a digital public service and brings open finance using ”self governed”, technology based ‘Association’ access to Planet Earth’s resources.

Internet users can visit the web based service and manage service requests on the Open Constitution network, and secure their financial data residency.

a. Natural persons can set up E Residency keys, and access network’s fractional ownership rights, to activate resources on the network.

b. Organizations and Financial Institutions can self organise and activate resources using their e-Tenancy keys.

c. Startups can avail network resources by activating Startup Tenancy.

d. The Open-Bank.org also makes network and network’s Artificial Intelligence accessible to Public Agencies and Data Privacy Lawmakers, International Financial Co-operation Organisations for both warrant and non warrant cases.

Open-Bank.org uses open source technologies to enforce Payment Services Directives, and regulations on financial data residency, data privacy, and member ID governance. The platform is equipped with Role Based Resource Access. 

You can read more about Open-bank on the portal’s Knowledge Base here.

Future versions are slated to upgrade and simplify the network ownership contracts(Open Constitution license) for E Residents and E Tenants. Project Roadmap has been made available on the network.

The platform relies on open source distribution Finscale. The web service interface is built on open source platform – WordPress, that powers most of the Internet websites. The network is powered with third party cloud resources, tools and open source projects to set up embedded finance for Association members. 

Muellners Foundation maintains Open Constitution network, and community uses the Open Bank portal to self govern resources and social finance. 

Get Started now.

Account Setup guides have been made available for public on the network’s knowledge base.

Please read the original Press Release here.

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Startup Tenancy on the network

This article describes the Startup Tenancy on the Open Constitution network.

Startups, and entrepreneurship are promoted on the network.

Citizens who have activated their E Residency can avail network resources to build, deploy and scale their start-up product ideas, or new projects.

What type of benefits can the startups or projects avail, by registering Startup Tenancy?

For example, citizens can unlock access to third party computing resources, network’s resources for building and deploying user applications.

Consumer driven startup product ideas can deploy use cases on the network’s beneficiary registry, to test and scale their models.

Startup teams can also access the patent free repositories or the source codes on the network.

The Self organising global community means Startups, registered as tenants on the Open Constitution network access international infrastructure.

Startup teams deploy their use cases to a global network, and network facilitates and supports project incubation.

The Startup teams also access mentor resources through Foundation’s open source accelerator.

Startup projects which graduate from the Open Source Exchange are assisted with regulatory frameworks and Intellectual Property leasing to deploy commercial models.

Who can register a Startup tenancy?

Anybody can register a startup project for the Startup tenancy on the Open Constitution network. They do so by simply become a citizen to the network first, and activating their E Residency lease.

Any project registered goes through a project lifecycle. The startup projects which graduate from the Open Source Accelerator are supported with reducing to practice in open source, their product offerings.

The citizens of the network who have founded a startup, simply register their Startup as a Tenant on the network.

Startup ideas and project ideas which focus on the social sustainable engineering ideas, ideas which restore ecological balance, create more diversity and inclusion

What does the network ask the startups in return for the tenancy?

Open Constitution requires a startup project to reduce to practice, any Intellectual property created on the OC network, to open source, licensed under the Open Constitution license.

Simply put, Startups need to open source their Intellectual Property.

For the graduates startups from the Open Source Exchange, their services are deployed on the digital public services network of the Open Constitution. Startup projects which graduate from the Open Source Exchange are assisted with regulatory frameworks and Intellectual Property leasing to deploy commercial models.

How do then these startups make money, if they open source their IP?

Open sourcing the intellectual property which is generated as part of Startup tenancy on the Open Constitution network does not mean that the startup does not charge or deploy their services in a commercial model.

More details are described on this Program site. Open Source Exchange

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Citizenship

Welcome to the Open Bank Portal on the Open Constitution network. Citizens use this Self-Service to manage and activate Open Constitution Charters.

The Citizenship on the OC network unlocks E Residency and data residency, which citizens can activate, and manage here.

All types of network resources for different types of members can be activated on this Open Bank.org Portal.

Citizens also use this Self Service to manage their data residency, Account Profile, Trust keys to access the Open Constitution network.

In theory, Open-Bank.org Portal unlocks tokenised access to 7.8 billion+, while embedding financial services and Planet Earth’s resource provisioning to network’s E Residents and Tenants.