Innovation-Hub

The numeraire community as a Public Good and educational service, offers a without fee or consideration the Innovation Hub environment to foster the ongoing education relating to the material on this site. The ISA community is an international organisation which fosters cooperation among members in pursuit of financial and monetary stability. It has no supervisory or regulatory functions or responsibilities. Its services are provided exclusively to members, monetary authorities and international financial institutions, and selected parties. The ISA community does not accept deposits, any form of custodial relationship from, or provide such services or advice to, private individuals or companies. The ISA community has set up an Innovation Hub (the “NIH”) to foster innovation and greater collaboration amongst its members and the wider community globally, enhance the understanding of financial technology and contribute to the development of innovative solutions to benefit and enhance the financial system.

The Coin is  humanities first Perfect Secrecy (or information-theoretic security) payment solution, in accordance with  Kerckhoff's principle. Hence all Coins are derived from a Quantum TRNG. Perfect security means the Coin is secure against adversaries with unlimited computing resources and time.   

The source code (SDK)  required to  use the Innovation Hub has been placed in the public domain and accessible via Payment Rail Client .

By accessing the Innovation  hub, you acknowledge that you have read, understood, and agree to be exclusively bound by these Terms of Use.

Terms of use:

1. The Innovation Hub is provided without any consideration, and hence the provider cannot be bound by any contractual condition, the site and all faculties are provided on an as is basis without any form of liability , warranty or legal recourse under any jurisdictional law. If you do not accept these terms than you many not access the innovation hub or utilise any of its functions.

2. The Innovation hub is supplied by the ISA to enable a self education process, without any ISA provided support.

3. All Innovation Hub subscriptions are confidential.

4. The Innovation hub provider is not a counterparty to any function provided by the innovation hub which exists solely to provide pear-to-peer functions. The innovation hub provider does not have an custodial function nor does any value flow via the innovation hub. The innovation hub is not a counterparty or entity involved in any innovation hub functions.

5. The innovation hub may not be used for any commercial or production related functions or activities, it is provided as an educational tool ONLY.

6. The Innovation Hub or any associated person, organisation or other related entity accepts no responsibility for any application, use or interpretation contained on this site and disclaims all liability for direct, indirect or consequential damages or loss resulting from the use of  the innovation hub.

7. Under no circumstances, including, but not limited to, negligence, shall The Innovation Hub be liable for any direct, indirect, special, incidental or consequential damages, including, but not limited to, loss of data or profit, arising out of the use, or the inability to use, the materials on this web site, even if The Innovation Hub or its authorized representative has been advised of the possibility of such damages.

8. If any person(s) and or organisation(s)' use of materials from this web site results in the need for servicing, repair or correction of equipment or data, the person(s) and or organisation(s) concerned assume any costs thereof.

9. Links on the The Innovation Hub web site identify resources and links to other web sites that would appear useful to our readers. However, such references and links do not constitute any endorsement by The Innovation Hub of the products, services or information therein.

10. The copyright in all material provided on this web site is held by The Innovation Hub provide(s) or by the original creator of the material.

11. Permission is granted to display, copy, distribute and download the materials on this web site for personal, non-commercial use only provided you do not modify the materials and that you retain all copyright and other proprietary notices contained in the materials.

12. You also may not, without The Innovation Hub's permission, "mirror" any material contained on this web site on any other server. This permission terminates automatically if you breach any of these terms or conditions.

13. Any unauthorised use of any material contained on this web site may violate copyright laws, trademark laws, the laws of privacy and publicity, and communications regulations and statutes.

14. Any material, information or idea you transmit to or post on this web site by any means will be treated as non-confidential and non-proprietary, and may be disseminated or used by The Innovation Hub for any purpose whatsoever.

15. You are prohibited from posting or transmitting to or from this web site any unlawful, threatening, libellous, defamatory, obscene, scandalous, inflammatory, pornographic, or profane material, or any other material that could give rise to any civil or criminal liability under the law.

16. The Entity which exchanges the PAMP gold bullion within a barter based trade, is solely reasonable for ensure compliance with any and all regulations relating to the use of the Innovation Hub functionality, which is essentially a coordination function, as no monetary value flows though the infrastructure, as all payments are legal tender based which flows via a change in possession, via a P2P  chose in possession legal basis or Secure Identity to Secure Identity.

Conditions of Access

17. Initial term of access is limited to three months, ongoing access past this term is conditional upon holding a current operational local currency area (LCA) infrastructure.

18. Each LCA must hold a minimum, of 4x 10 oz of PAMP certified four nines Gold bullion, exchanged on an oz by oz basis for WCU-Capital in order to execute any FMI functions.

19. Each innovation hub LCA, will be issued with four Secure Identities and  loaded with 10 oz of Gold bullion monetary value, issued post receipt of the 40 oz of PAMP certified gold bullion.

20. Any violations of  any term and conditions will cause an immediate and unconditional  loss of access to  the Innovation Hub and all associated functions functions. The ownership of the WCU-Capital remains with the possessor and can be taken offline by any Secure Identity without any Innovation Hub permission..
    
    Nothing in these terms and conditions shall constitute a waiver of any of the privileges or immunities of the numeraire community within any jurisdiction.

Postscript
The CPMI and the International Organization of Securities Commissions (IOSCO) Principles for Financial Market Regulations explicitly remove cash or legal tender from the scope of the related regulation's. Each Secure Identity shall seek legal advice relating to their specific jurisdiction and any applicable regulations, which remains their sole and exclusive responsibility. The infrastructure has no counterparties and no value flows via the infrastructure, all funds are held via possession of the Secure Identity,

Currency Area Policies

Fiat-Currencies

Applications will be processed from any of the 157 supported fiat-currencies: either from Central Banks, Treasury, or Mints, depending on the jurisdictional  and regaultory requirements. Typically no central bank has the legal capacity to mint a tangible Coin as property (asset) today.
In most cases the Central Bank will become the owner and operator of the Financial Market Infrastructure, which includes the Coin based payment rail.

The Innovation Hub has no legal capacity to reduce or alter the current legal and regulatory requirements for each fiat-currency area. Any reported violation of a fiat currency area law of regulation will cause all access to cease and termination.

Non-Fait Currencies

The Innovation hub also supports currency area communities, which meet the Opinium Currency Area theory. These are processed on a case by case basis.