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Qubit Protocol (QPT)

ICO

Published: Jul 23, 2018

Qubit Protocol aims to create a democratic environment for everyone to take part in the benefits that will arise from quantum technologies. Qubit Protocol is a decentralised blockchain enabled governance protocol that utilises the collective intelligence of the quantum science community to make strategic funding decisions on quantum technology projects.

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Overview

Project industry	Trading & Investing
Product type	Platform

What is Qubit Protocol

Qubit Protocol is a decentralized blockchain enabled governance protocol that utilizes the collective intelligence of the quantum science community to make strategic funding decisions on quantum technology projects. The Qubit Protocol is comprised of two tiers:

A verified quantum expert tier, for individuals at the top of their field from an academic and/or commercial standpoint.
A public member tier, for individuals with an interest in benefiting from the advancement of quantum technologies.

Public members are able to stake their Qubit Protocol Tokens (QPT) on projects directly or delegate their votes to a quantum expert to decide on their behalf.

Via the protocol, the projects with sufficient votes will receive funding via the Qubit Decentralized Fund. The funds will be secured in an Ethereum smart contract which means the protocol decisions will be influencing funding on a blockchain level.