💎Future Applications

Future X Corporations will have a range of standardized capabilities, including the ability to sign and record legal contracts, to purchase services from professional providers in the marketplace, apply for business licenses and certifications, and eventually even create smart contracts with other entities as well as invoice/transact within a trusted network using connected digital currency accounts.

Alternative Currency Denomination (e.g. BTC denominated ownership):

Due to the modular nature of the proposed framework, it can be adapted to support specific capabilities such as alternative currency denomination. A jurisdiction may elect to adopt a selection of available entity types from the larger menu of options, e.g. enabling for C-Corporations, LLCs, and Limited Partnerships to be established in their sovereign jurisdiction. Subsequently, they could elect to authorize any number of currency denomination options, both FIAT or non-state backed currencies, e.g. USD, JPY, BTC, ETH. Default banking choices, registration fees, arbitration options, tax policies and other parameters can be determined and set the rules of the road for all future applicants who wish to register in or migrate to their jurisdiction.

Trusted transactions network:

X Corporations will provide a digital platform for turnkey business transactions, enabling companies around the world to align legal and financial systems and transact safely within a trusted marketplace while preserving their privacy. Due to its uniform nature and compatibility across jurisdictions, this framework lays the groundwork for sophisticated interactions such as smart contracting and programmable financial instruments that can be accessible to network participants.

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“Why don’t I use the X Corporations system, why am I going through some system that is antiquated. If all the businesses start using the X Corporations and start using Bitcoin, the system already works. We’re all working virtually so governments are going to have to compete for us they're going to have to compete for the businesses of the world, for the startups, for the funding, for the money for the people of the world. And most of that competition moving forward is going to be in the virtual world.”

- Tim Draper