Jasiri Protocol: A Cryptoeconomic Primitive for Stable, Near Zero, Fast, and Liquid Transfer of Value, With Additional Community Project Staking To Support a Thriving Afropreneurship Ecosystem

Abstract

I present the idea of a crypto-economic primitive, known as the JASIRI Protocol. A crypto-economic primitive is a protocol-based incentives system, uniquely enabled by a digital asset, and that wholesomely enables the coordination and allocation of capital to achieve a shared goal via the use of various economic and cryptographic mechanisms. It is a self-sustaining system, with resultant predictable coordination of a set of actors(human and/or machines) working towards some specific shared goal or outcome. Just to distill things a bit, a primitive is simply a form of well-established, generic building blocks that are designed to do one very specific task in a highly reliable fashion. The JASIRI Protocol is a crypto-economic primitive that uses agency-based cash commitments, the Layer-1 Algorand Blockchain, and a flat-coin to facilitate a stable near-zero cost transfer of value among businesses and individuals specifically in Africa.

Keywords: cryptoeconomic primitives, financial primitives, cryptographic primitives, decentralized finance, capital, cryptocurrencies, blockchain-based tokens, algorand, stablecoins, flatcoins, africa, fintech, agency banking