GOVEARN (GOVEARN) Review

GOVEARN: Cooperation Between Government and Public


GOVEARN is a blockchain platform that will enable governments and communities to collaborate on different socially beneficial projects. It was developed by the eponymous public benefit corporation established in 2016. Currently, the project conducts the sale of their ERC-20 tokens with the ticker gDLR.  

The project’s main goals


GOVEARN has set itself the task of creating the first ever blockchain-based platform that enables fruitful cooperation between governments and various representatives of public and private sectors.All interactions within the framework of the platform, which includes both legal and financial, are conducted through the effective use of Ethereum’s smart contract since the entire platform has been built of that particular blockchain.

The use of smart contracts will enable a far more transparent and seamless economic activity, not to mention the unconditional implementation of all agreements, thus ensuring the creation of sustainable profitability along with safer investment opportunities and exit strategies.

More specifically, GOVEARN works towards funding and providing multilateral support for public benefit projects initiated by governments and communities alike, thus promoting the values related to corporate social responsibility. Their primary focus in on creating affordable housing and providing decentralized energy services that might put GOVEARN ahead in the global battle against poverty.  

The tokens


GOVEARN introduces two types of tokens: the utility token named bDLR and the security token - gDLR, which can also be labeled eDLR, depending on the participant’s preference. The main difference between them is that bDLR can be used to gain access to the platform and certain types of services while eDLR comes as the equivalent of currency that can be used for either investment or trading purposes.

As the whitepaper has it, the bDLR serves merely as an indicator of investors’ interest in the project and the overall realization of the proposed concept. The team places a particular emphasis on the fact that gDLR can’t constitute an investment and can’t be used for financial interactions.

The gDLR token, on the other hand, is the monetary unit designed specifically to fuel all economic activities that take place on the GOVEARN platform. Basically, gDLR serves as an investment stake in the given governmental project, the price of which is determined in relation to the project's needs and specifications. This token can be sold to transferred freely to other platform members. Moreover, the users can make an exit from a project using gDLR, in other words, cash out on their investment. Should a user choose to stick with a project until its conclusion, he will receive his initial investment back along with the corresponding interest.


The team    

  • Richard Berkshire. The founder and CEO at GOVEARN. An established public policy specialist. He is also associated with such projects as Berkshire Development Organization and New Age Development Group.
  • Shady Boktor. A Chief Technology Advisor how has broad expertise in project management and marketing.

Both these team members have successfully passed the KYC procedure.  

ICO details


GOVEARN organized a very prolonged ICO that will last until December 31, 2020, so there is more than enough time for investors to jump onboard. bDLR is the token that had been put up for sale with the price established at 0.000777 ETH a piece. The minimum investment is 7 ETH, which is quite substantial a threshold. The only medium for purchasing bDLR is Ethereum. All investors must pass KYC. Citizens of the United States are barred from the ICO.

Author: Alex Paulson for Crypto-Rating.com


  • Blockchain distributed ledger technology is more of a foundational technology—with the potential to create new foundations for global economic and social systems—than a disruptive technology, which typically "attack an existing system(s)".
  • Ethereum is a decentralized open source platform for applications that run exactly as programmed without any slim chance of fraud, censorship, or third-party interference influence. Ethereum is a public blockchain-based platform featuring smart contract functionality.
  • A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties interference or influence. Smart contracts have many applications.
Pre-Ico Start dateMarch 19, 2019
Pre-Ico End dateJune 22, 2019
IndustryInfrastructure
PlatformEthereum
Founded2019
Websitehttps://www.govearn.io/
WhitepaperYes
CountriesCayman Islands
  • Richard Berkshire. Founder, CEO
  • Maryam Davis. Managing Director
  • Shady Boktor. Chief Technology Advisor
  • Wael Mahrous. Global Investment Advisor
  • Alex Mazalatis. Markets Outreach Advisor
  • Charles Mazalatis. Projects Development Advisor
  • Nady Shair. Public Projects Advisor
  • William Moravits. Policy/Legislation Advisor
  • 2005 - Prototype Concept Launch. Business Model Prototype Concept Launch with major US metropolitan city
  • 2010 - Prototype concept success assessed. Prototype concept initiative success with implementation of core values
  • 2015 - Commercialization R & D. Research and development, and pretesting to launch the world's first PPP public benefit corporation, PBC
  • 2016 - PBC Launch. Incorporated PBC for governments and citizens to collaborate on implementing public benefit projects
  • 2017 - Major World Economic Collaboration Org. pretesting. Obtained certain major world economic development organizations initial interest to collaborate with PBC operations upon launch and full operations
  • 2018 - Evolved to launch World 1st Blockchain PPP Network. Fintech based blockchain technology research and development to launch the world's 1st blockchain network for business model implementation
  • 2019 - GOVEARN Launch & Crypto Asset Development. Incorporated GOVEARN in appropriate jurisdiction and developed bDLR ICO to start building fill network capabilities and infrastructure
  • JAN 2019 - GOVEARN Exchange & Cryptomonitor. Launched GOVEARN beta instant exchange providing over 300 listed crypto assets with over 45000 cryptocurrency pairs possibilites with quotes from several global cryptocurrency exchanges and market crypto monitor
  • March 2019. Started physical PPP pilot project planning with a major world development organization
  • April 2019. Started negotiations with 3 major global crypto-exchanges for bDLR listing and gDLR IEO
  • May 2019. Evaluate blockchain developers plans to start building GOVEARN marketplace infrastructure
  • June 2019. Award and engage selected blockchain developers to start building marketplace infrastructure
  • September 2019. Pretest GOVEARN beta marketplace prototype model internally and assess required enhancement
  • December 2019. Engage a sample of participating governments or international organizations in enhanced GOVEARN marketplace prototype
  • December 2020. Proceed to GOVEARN full integration on the blockchain
  • 2021+. GOVEARN marketplace available for world governments, international development organizations, and the general public to collaborate on fulfilling public benefit projects
GOVEARN
StartJune 23, 2019
EndDecember 31, 2020
465 days left
TokenbDLR
Minimum investment7 ETH
Tokens for sale2700000000
AcceptingETH

Govearn proposes the idea that might sound sophisticated, but in reality, it is short of being ridiculous. I mean, we all have seen how "friendly" the U.S. government officials are towards blockchain projects when they lashed out on Libra for trying to push them slightly from the global financial flows. Besides, where's the guarantee that the government would be willing to cooperate with the citizens efficiently on any project. The government is defunct, and no blockchain will help in that regard.

RuleTheWorld   September 2, 2019  

The US and sanctioned countries are restricted from participation and all info on team is available on website and dozen external sources

HarveyQuinn   August 25, 2019  

In my opinion, the task presented by Govearn is infeasible, at least in the foreseeable future. Judging from the fact that the US government greets nearly all major blockchain project ‘with open arms”, I would say that this project is bound to stay at the local level for a long time, if not forever. Maybe if they tried to realize this idea in some other country - Japan or Estonia, for instance, - where the official stance of this technology is not as conservative as in the States, then Govearn might have enjoyed a relative success. But as things stand now, I highly doubt that the project will ever get a global recognition.

Jake   July 15, 2019  

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