GeoSystems — A global exchange organization Overview
GeoSystems will introduce a new standard in commerce by facilitating trade/barter transactions through a "Visa-like" neutral clearinghouse. GeoSystems is designing an efficient transaction system that utilizes a non-cash, global, borderless currency and a sophisticated multi-party trading platform for optimal liquidity and success.
Direct and efficient buying and selling capabilities will emerge through barter transactions as GeoSystems supports existing networks, social purpose entities and vertical markets in facilitating more and new kinds of commerce. When cash is more limited with an uncertain marketplace and consumers and businesses are less willing to spend it, efficient methods of barter become increasingly ubiquitous. At the core of the business is a powerful exchange that uses both a "trade" credit as its currency and direct matching technology for non-currency trading - enabling buyers and sellers to transact in a frictionless environment.
GeoSystems is introducing a new benchmark in technology by virtue of its intention to evolve the business model for optimal liquidity and reach. With the development of the transaction, authorization, capture and settlement model, GeoSystems currency use can be extended
A unique feature in the technology platform is the integration of Lasso’s ‘Trade Procurement Solution’ that is powered by a patent-pending Geometric Trading Engine that simplifies complex, multiple-party trading among thousands of users, where traders do not transact with the same parties from whom they receive.
1 to 1 Trading Geometric Trading
*double coincidence *25x more trades
*illiquid *exponential liquidity
Factorial Computations:
3 Trades 6 Trades M Trades
Possible trade partners Possible trade partners Possible trade partners
3! = 1*2*3* = 6 6! = 1*2*3*4*5*6 = 720 M! = billions to trillions
This multi-party transaction technology solves the double coincidence of wants between two parties that limits the ubiquitous use of barter. GeoSystems integrates this technology with current store of value (trade credit) software. The result is an increase in transaction success with traditional commerce (auction and procurement) and barter. Moreover, when applied to barter, multi-party trading also increases the value of a trader’s idle assets and excess inventory so they can be used as another form of currency for corporate procurement, making barter a legitimate commerce option. Currently the optimization engine can compute well over a million items with zillions of computations in any combination of value, quantity, attribute, or bundle with any product, service, commodity or currency. The more traders with multi-party transactions the more liquid it becomes, but it also becomes more difficult to compute because it involves factorial computations. The optimization engine can find up to 100 times more transaction opportunities instantly, creating exponential transaction success and a significant increase in value for greater marketplace liquidity. Thus, we optimize commerce by adding barter to auction and procurement (shopping) platforms with multi-party options.
Over 30% of all world commerce is accomplished by the use of barter. 65% of the Fortune 500 companies and 400,000 businesses in the U.S engage in organized barter methodologies. There are more than 600 barter companies and 2000 community currency systems around the world today. Our model is unique in its structure, market focus, adoption of multiple trading platforms and technological scaleability.
GeoSystems is providing a structural architecture that includes all stakeholders and policies and principals that are forming to establish its long-term viability. Some of the key features are:
Establishing ourselves as a Chaordic Organization in collaboration with the Chaordic Commons — "The Chaordic Commons is committed to creating the conditions for the formation of practical, innovative organizations that blend competition and cooperation to address critical societal issues. We believe there is a way to welcome the emerging complexity of a technologically sophisticated world as we build enduring, highly adaptive institutions."
Member owned and distributed legal and financial structure — a nonstock, private, for-profit membership corporation that is non-hierarchical, evolving, self-organizing and self-regulating.
A neutral and transparent economic and accounting system - policies of transparency to assure the confidence of all stakeholders in both the financial viability of the company and the economic stability and value of the complimentary currency system.
A Currency value pegged to a stable measure such as the Terra, rather than national currencies, for the purpose of creating more borderless and neutral transaction capability.
Owner Member Profile:
Social Purpose Entities, NGO’s, non-profits, business and existing trade networks and vertical markets can integrate GeoSystems platform into their own member base as well as open up commerce potential by invisibly matching and trading with all other participating organizations. For example, if a member enters GeoSystems system through the flowers.com portal, their requests can be matched with all participating florists within the network without leaving the flowers.com site. They can exchange flowers for flowers, based on location and inventory swapping needs within their existing network in order to optimize tracking and accounting for their own internal exchange needs. They can also choose to increase sales by offering their florist services into the open network and trade for other products and services they desire. Each member can search according to their own chosen attributes (e.g. organic, location, affiliations, product or delivery specifications, etc).
GeoSystems is value neutral and anticipates participation by a wide-range of self-organized entities.
The Owner Members set their own value criteria for participating within their trading group. Additionally, they will act much like a bank within the Visa network does — setting certain economic policy unique to their trading group and acting as the sole interface with the user member. They may also want to establish community computer access and offline facilitation.
Additional features in development include:
Fee structures for both storing and loaning credits
Multi-layered affiliate structure
Physical transaction capability (e.g. smart cards)
GeoSystems is positioning itself as an efficient transaction platform that utilizes a non-cash, global, borderless currency and multi-party trading system. GeoSystems intends to become the preferred trading platform in the emerging complimentary economy, and to ensure that its platform is a leading interface to the global supply / demand chain. Of critical importance to its success, will be ensuring that the Company’s positioning in a growing market, is clearly understood and accepted. It is GeoSystems’s objective to be perceived as the industry leader as measured by innovation, trustworthiness, transparency and value.
The following is intended to reinforce the differences and advantages for both the Company and its customers.
Table 1: Features and Benefits of the GeoSystems Model
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