LittleBeeX

What is LittleBeeX

LittleBeeX is a project that aims to disintermediate the creation and maintenance of organizational structures by using blockchain technology. We combined the advantage of centralization and decentralization to make the corporate governance transparent, automatic while still guaranteeing the efficiency and fast decision making. We provide the tools for anyone to become an entrepreneur and run their own organization as well as empower people across the world to easily and securely trading their company assets and do the fundraising. Specifically, we provide a decentralized solution covering full lifecycle management for each enterprise including the company registration, corporate governance, equity asset transactions etc.

All the operations conducted on the blockchain will have a real anchor in the reality so that they can interact with various legal framework and organizations. We are going to continue explore the integration of various types of business activities and the blockchain technology, helping companies to develop in a healthier and more sustainable way so as to unleash more power to the capital market.

Originality of LittleBeeX

One of the major features of DAO is that they are decentralized. This means they are not controlled by a single institution like a government or central bank, but instead are divided among a variety of computers, networks, and nodes. This is the most remarkable advantage of DAO, however it is also the obstacle that is getting in the way of adoption in the reality. The DAO was stateless, and not tied to any particular nation-state. As a result, many questions of how government regulators would deal with a stateless organization were yet to be dealt with.

In order for startups that operate as DAOs to be able to conduct business outside of a Blockchain network and communicate with a physical world of financial instruments and intellectual property, There needs to be some kind of a legal framework. Legal uncertainty is an issue that has been plaguing the creation of blockchain technology due to the technology within it being so new and radically different.

So the originality of LittleBeeX is to make a real applicable decentralized enterprise ecosystem, so that all the operations conducted on LittleBeeX platforms will have a real anchor in the reality.

LittleBeeX will not only make use of fundamental characteristics of blockchain or DAO, which brings secure, transparent and location-independent to corporate governance, but also combine with the conventional centralized management due to its much higher efficiency and fast decision making. The core principle of all the products is to make corporate governance and business actions conduct on the blockchain also compatible with various organizations and legal framework in reality thus creating values for the whole society and economy.

Blockchain and Smart Contract

The emergence of the blockchain is the most significant change that has taken place since the Internet was created and the TCP / IP protocol was established. For the first time in history, an immutable, decentralized ledger exists on a global scale, eliminating the need for middlemen, complex auditing systems, and long settlement times. Open protocols mean settlements no longer depend on connecting fragmented legacy systems. Additionally, because the ledger is append-only (existing records are immutable), it provides a high degree of accountability, with blockchain timestamping built-in. In other words, a reliable audit trail is built into the technology.

Over the past few years, Turing-complete programming languages have been implemented into decentralized blockchains. These systems use “smart contracts” to add and modify data algorithmically however a user designs it. Smart contract is actually a bunch of codes that is running on every node which not only function as digital currency transfer (Bitcoin for example), but may include metadata, account restrictions, transfer rules, as well as any other calculations a regular computer can perform. Combined with fundamental characteristics of blockchain technology, “code is raw” becomes a reality.

Solutions and Business Framework provided by LittleBeeX

LittleBeeX focuses on the different eco-scenarios around the enterprise value chain. It is based on the business logic that starts from corporate value starting point, to value increment and hence to value realization. LittleBeeX aims to build a life-cycle service platform system centered on enterprise value chain, where the core applications include blockchain-based global company registration platform, corporate governance platform and asset trading platform.

This is LittleBeeX's current planning frontier. Apart from global company registration, corporate governance, and asset circulation, the rest of the value chain, including finance, accounting, human resources and business operations, will follow up using the same logic. LittleBeeX encourages ecosystems and communities to create tools and applications based on LittleBeeX. Also, it aims to extend the boundaries of the enterprise value chain service. LittleBeeX is willing to provide more opportunities for our participants.

LittleBeeX Global Company Registration Platform

This is the forefront part of the business model. Traditionally, a company registration, equity transfer and option assignment were carried out through paper agreements and centralized registration (Trade and Industry Bureau), which result in an inefficient and costly process due to the asymmetry information, intermediary efficiency etc.

LittleBeeX global company registration platform store the relevant norms and legal documents of company registration and changes under the legal system in different parts of the world on the blockchain, by combining the traditional centralized way with the blockchain decentralized way, LittleBeeX global company registration platform establish deep cooperation with government-licensed company registries (such as the Administration for Industry and Commerce) to enable real-time sharing of APIs or other forms of data.

Upfront, the platform will provide company registration services on the blockchain for the companies across the globally popular registration place including Singapore, Hong Kong, the United Kingdom, the Cayman Islands, the British Virgin Islands and Delaware in the United States. At the bottom of the platform, a series of legal documents such as decentralized electronic identity and smart contract formed articles of corporations are stored on the blockchain. Private keys are used for electronic signatures of documents. Once the users completed the registration process online, LittleBeeX global company registration platform can help to complete file processing and submission automatically. This greatly improves the efficiency of global company registration and significantly reduces the cost.

In the future, LittleBeeX Global Company Registration Platform will be based on the technical support of the LittleBeeX Consortium blockchain to build a regional chain alliance consisting of relevant government regulators such as registries, and parties involved in equity registration and trading, etc. In this way, LittleBeeX can realize a safe, reliable and efficient way of equity registration and transaction data sharing. This effectively solves the problem of asymmetric information among participating parties. LittleBeeX also maintains the digital certificate of stock ownership through the blockchain and avoids the maintenance of cumbersome paper shareholders register. All processes are completed online, which greatly enhances the efficiency of activities such as equity registration and alteration.

LittleBeeX Consultant Network

LittleBeeX will set up a consultant network of local lawyers, financial consultants and business consultants in global partnering areas. The network will provide legal support on corporate governance as required by the business or provide legal advice on any corporate matters to stakeholders. Consultants will receive LITTLEs as a reward based on the quality rating.

LittleBeeX Digital Asset Trading Platform

Trust is the foundation of the transaction. The blockchain technology uses new cryptographic authentication technologies and decentralized consensus mechanisms to maintain a complete, distributed and tamper-proof ledger. The distributed ledger acts as the “golden source” to synchronize (and protect) data across multiple stakeholders in standard equity transactions. This provides a “trustless” clearing & settlement process that is instantly available to all market participants and removes the single points of failure/fraud

LittleBeeX are going to tokenize the illiquid company assets such as equity into security tokens. By doing so, some of the benefits that can be accomplished by LittleBeeX Digital Asset Trading Platform with distributed ledger technology are:

Flow charts of Token insurance

LittleBeeX Digital Asset Trading Platform provides a credential check, company token generation, compliance consulting and check, trading rules establishment, process certificates, settlement and clearing services for asset transfer transactions.