The Sir Roy G. Biv Foundation Trust Technical White Paper
- Drew Wade
- Dec 2, 2024
- 13 min read
Abstract
The Sir Roy G. Biv Foundation Trust is launching an ambitious initiative to empower the next generation through the Soul Coin™, a blockchain-based representation of personal data's value. Rooted in ethical and spiritual truths, the initiative aims to create a decentralized ecosystem to fund Micro IRAs for newborns (Humans in the Loop) worldwide, anchored in data monetization, fair valuation, and inclusivity. This white paper outlines the mission, methodology, and implementation steps, with the goal of launching an MVP by April 3, 2025.
Truth
Inspired by the biblical truth that humanity is created in the image of God, male and female, descending from the first parents, Adam and Eve (Genesis 1:27: "So God created man in His own image; in the image of God He created him; male and female He created them"), the initiative reflects this divine order in its structure. Each Micro IRA will hold a Soul Coin™ in pairs, symbolizing the 23 chromosomes inherited from each parent, representing an unbroken genetic chain tracing back to Adam and Eve.
Vision
The Soul Chain™ represents the lifetime value of personal data (23 terabytes on average) generated by each individual. Each Soul Coin, valued initially at $50, is backed by data and medical records (Living Oil™), enabling economic empowerment through a diversified Micro IRA funded at birth.
Central to the vision is the Healthcare Metaverse™ which merges virtual reality (VR), artificial intelligence (AI), and the Internet of Things (IoT) into an immersive ecosystem for healthcare. Patients, providers, and payers interact in a seamless digital space. Picture a virtual consultation room where superhuman personal assistants (P.A.s) instantly synthesize symptoms, health histories, and global medical insights to suggest tailored treatments. It is not just healthcare—it’s care, reimagined.
Mission
To establish the Adopt-a-Child Humans in the Loop Ministry:
Fund Micro IRAs for every newborn (Gen A Humans in the Loop) with each Soul Coin™ representing parental chromosome data.
Use grants and partnerships with stakeholders such as insurance firms, health systems, and pharmaceutical companies to sustain and grow the initiative.
Empower the world's poorest communities by fairly valuing and utilizing personal data assets.
CIRCLES Method Analysis
1. Comprehend the Situation
Problem: The economic value of personal data is often unrealized by individuals, especially in underserved communities.
Opportunity: Monetizing personal data through the blockchain-backed Soul Coin™ linked to genetic and medical data provides a tangible way to fund individual empowerment.
2. Identify the Customer
Primary Beneficiaries: Newborns globally, receiving Micro IRAs funded by the Soul Coin™ pair.
Contributors: Health institutions, financial partners, governments, and individuals.
Stakeholders: AI systems, NGOs, regulators, and blockchain developers.
3. Report Customer Needs
Secure and ethical data monetization using the Soul Chain™.
Transparent Micro IRA funding mechanisms.
Inclusive valuation models accommodating global data disparities.
4. Cut Through Priorities
Valuation Model: $50/Soul Coin™ baseline tied to personal data generation.
Infrastructure: APIs for compliance, payments, and engagement.
Funding: Grants and diversified digital asset portfolios.
5. List Solutions
Mint each Soul Coin™ at $50 value, scaling with data growth.
Monetizing medical data (Living Oil™) on Soul Chain™.
Automating fund rebalancing with AI.
6. Evaluate Trade-Offs
Scalability challenges for global implementation.
Adoption hurdles requiring multi-stakeholder cooperation.
7. Summarize and Iterate
Validate $50/Soul Coin™ value and global pilot programs.
Expand partnerships and refine data-driven models.
Detailed Next Steps
1. Build the Soul Chain™ Infrastructure
Blockchain Platform: Use Ethereum, Solana, or Avalanche.
Key APIs:
Patient Experience API (PEA): User onboarding and interaction.
Provider API (PRA): Provider engagement, including mental health support.
Payment & Transactions API (PTA): Minting and tracking the Soul Coin™ digital assets.
Compliance & Regulatory API (CRA): Ensure HIPAA and GDPR compliance.
Resources: Blockchain developers, API architects.
Timeline: Design by February 2025.
2. Validate Soul Coin Valuation
Conduct analyses of personal data generation (23 TB) vs. global averages.
Confirm $50/Soul Coin value scalability.
Resources: Economists, data scientists.
Timeline: Metrics finalized by January 2025.
3. Develop the Micro IRA Model
Create a digital IRA portfolio with fiat and cryptocurrencies (BTC, ETH).
Build rebalancing mechanisms using AI-driven forecasts.
Resources: Fintech partners, financial analysts.
Timeline: Ready by March 2025.
4. Stakeholder Engagement
Strategic Partnerships: Insurers, NGOs, governments.
Crowdfunding Campaign: Use storytelling to highlight data empowerment.
Timeline: Partnerships secured by December 2024; campaign launched February 2025.
5. Pilot Program (Q2 2025)
Regions: Sub-Saharan Africa, South Asia, Southeast Asia,the Americas, and their diaspora communities throughout the world.
Actions: Secure partnerships, distribute IRAs, collect data for analysis.
Timeline: Launch by April 2025.
6. Legal and Regulatory Compliance
Ensure compliance with privacy laws (HIPAA, GDPR).
Secure approvals for data tokenization and smart contracts.
Timeline: Legal framework completed by March 2025.
7. Marketing and Awareness
Campaigns: Educational content, blockchain/fintech events.
Champions: Engage influencers to amplify adoption.
Timeline: Begin February 2025.
8. Metrics and Scalability
Metrics: Coins minted, IRA adoption, grants secured.
Expansion: Use pilot feedback for scaling globally.
Conclusion
The Sir Roy G. Biv Foundation Trust aims to revolutionize data monetization for the benefit of humanity, starting with Gen A Humans in the Loop. By leveraging blockchain, AI, and ethical principles rooted in spiritual truths, this initiative will empower individuals economically while fostering a global Healthcare Metaverse™. The April 3, 2025 MVP launch marks the first step toward a scalable, inclusive, and sustainable future.
Exhibit A - Energy Consumption Breakdown
Estimating the energy consumption for an individual involves calculating the total energy used for daily activities, including residential, transportation, and personal device usage. Here’s a step-by-step approach:
1. Residential Energy Usage
Electricity Consumption: Use average household electricity consumption and divide by the number of household members.
Example: U.S. average residential electricity usage is ~10,632 kWh/year.
For a 4-person household, per individual
Annual kWh per person = 10,6324 ≈ 2,658 kWh/year
Heating and Cooling: Include energy used for HVAC systems. This may depend on the home's size, climate zone, and efficiency of the heating/cooling system.
2. Transportation Energy
Car Usage: Estimate based on miles driven per year, fuel efficiency, and energy content of the fuel.
Example: A car with 25 MPG driving 12,000 miles/year
Fuel Energy (gallons/year) = 12,000 ÷ 25 = 480 gallons
Convert to energy (1 gallon of gasoline = ~33.7 kWh)
Energy (kWh/year) = 480 × 33.7 = 16,176 kWh/year
Public Transit: Use transit operator data on energy per passenger-mile, and estimate annual travel.
3. Personal Device Usage
Electronics: Include energy for phones, laptops, and TVs.
Example: A phone charging 3 hours/day uses ~5 kWh/year, and a laptop 8 hours/day uses ~100 kWh/year.
Appliances: Include usage of appliances like refrigerators, washing machines, etc., based on average usage patterns.
4. Dietary Energy
Food production and transportation require energy, often calculated as a portion of a country's per capita food energy usage.
Example: U.S. food energy per capita ~2,000 kWh/year.
5. Miscellaneous Activities
Include activities like gym equipment usage, hobbies (e.g., gaming, workshops), and travel beyond regular commutes.
6. Combine Total Energy
Add up all the categories to get the total energy consumption for an individual.
Simplified Example:
This approach provides a high-level estimate and can be refined based on specific individual behaviors, energy-efficient appliances, and local energy rates.
Exhibit B - Energy Consumption from Personal Devices
Estimating energy consumption from personal devices involves identifying the devices used, measuring or estimating their power consumption, and calculating the total energy based on usage patterns. Here's a step-by-step process:
1. List Devices
Create a list of personal devices typically used, such as:
Smartphones
Laptops or desktops
Tablets
TVs
Gaming consoles
Smart speakers
Wearable devices (e.g., smartwatches)
2. Determine Power Ratings
Identify the power consumption of each device, usually measured in watts (W). You can find this:
Printed on the device or its charger.
In the user manual or product specifications.
Online through manufacturer resources.
3. Estimate Daily Usage Time
For each device, estimate how many hours per day it is actively used or charging.
4. Calculate Energy Usage
Use the formula:
Energy (kWh) = Power (W) × Time (hours) ÷ 1,000
For example:
Smartphone: 5 W charger, 2 hours/day
Energy = 5 × 2 ÷ 1,000 = 0.01 kWh/day
Annually: 0.01 × 365 = 3.65 kWh/year
5. Account for Standby Power
Some devices consume power even in standby mode. For example:
TVs and gaming consoles may use ~0.5-2 W in standby.
Smart speakers may use ~2-5 W continuously.
Calculate this using:
Standby Energy (kWh) = Power (W) × 24 × 365 ÷ 1,000
6. Add Up Total Energy Usage
Sum the energy consumption of all devices, including active and standby usage.
Example Calculation
7. Refine with Real Measurements
For more precision:
Use a wattmeter to measure actual power usage.
Track usage patterns with apps or device settings.
By summing up these calculations, you can estimate the total annual energy consumption for personal devices.
Exhibit C - Energy Consumption Value
To estimate the dollar figure equivalent of energy consumption for personal devices, you can multiply the total energy consumption (in kWh) by the cost of electricity per kWh in your area.
Formula:
Cost ($) = Energy (kWh) × Electricity Rate ($/kWh)
Example Calculation:
Using the previous estimate of 321.95 kWh/year for personal devices:
Find the Electricity RateThe average residential electricity rate in the U.S. is around $0.15 per kWh (this can vary by location).
Calculate the Cost = 321.95 × 0.15 = $48.29 per year
Adjust for Your Region:
Check your electricity bill or local utility provider for the exact rate.
If the rate is higher or lower (e.g., $0.20/kWh in California or $0.10/kWh in some states), adjust accordingly.
Example Table by Rate:
This method provides an approximate cost of energy consumption for personal devices, which you can refine further by using actual device usage patterns and local rates.
Exhibit D - Customer Lifetime Value (CLV)
Estimating the Customer Lifetime Value (CLV) for an individual’s energy consumption for personal devices involves projecting the energy costs over the individual’s lifetime, accounting for factors such as changes in device usage, electricity rates, and inflation. Here's how to calculate it:
Formula for CLV:
CLV = Annual Energy Cost × Customer Lifetime × Discount Factor
Where:
Annual Energy Cost = Annual kWh consumed by devices × Electricity rate ($/kWh).
Customer Lifetime = Number of years over which the individual is expected to consume energy.
Discount Factor = Adjustment for the time value of money (optional, if considering inflation or discount rates).
Step-by-Step Estimation:
1. Calculate Annual Energy Cost
Using the earlier example:
Annual energy consumption: 321.95 kWh/year
Electricity rate: $0.15/kWh
Annual Energy Cost = 321.95×$0.15 = $48.29 /year
2. Define Customer Lifetime
Assume the individual uses devices from age 18 to 80:
Customer Lifetime = 80 − 18 = 62years
3. Adjust for Inflation or Changes in Electricity Rates
If electricity rates or device usage patterns increase over time, incorporate an annual growth rate (g). For simplicity, assume rates rise by 2% annually.
Use the formula for the future value of an increasing annuity:
CLV = Annual Cost × ((1+g)^t −1)/g
Where:
g = Growth rate (e.g., 0.02 for 2%).
t = Customer lifetime (e.g., 62 years).
4. Example Calculation
Without inflation or growth:
CLV = $48.29 × 62 = $2,995.98
With 2% annual growth:
CLV= 48.29 × ((1+0.02)^62 − 1)/0.02 = 48.29 × 81.57 = $3,937.53
Additional Considerations:
Device Upgrades or Additions: Adjust the annual energy cost to reflect changes in technology or additional devices.
Discount Rate: If considering the present value, apply a discount rate (e.g., 3% annually).
Use the Net Present Value formula to adjust for future costs.
Behavioral Changes: Include factors like energy-saving habits or transitions to renewable energy sources (e.g., solar panels).
Final Estimate:
For an individual using personal devices over a 62-year period:
Without growth or discount rates: ~$3,000
With a 2% annual electricity rate growth: ~$3,900
These calculations provide a baseline CLV for energy consumption related to personal devices.
Exhibit E - Data Generation Customer Lifetime Value (CLV)
To illustrate the relationship between Customer Lifetime Value (CLV) of energy consumption for personal devices and the data generation associated with these devices, you can:
Quantify Energy Consumption (CLV): Calculate the total energy cost for an individual’s lifetime use of devices.
Link Data Generation to Energy Usage: Relate the energy consumed to the amount of data generated by devices over their lifetime.
Visualize the Relationship: Create graphs or charts that show how energy consumption correlates with data generation.
Step 1: Energy Consumption (CLV)
Using the CLV calculation from earlier, we estimate lifetime energy consumption for devices:
Annual Energy Cost: 321.95 kWh/year
Customer Lifetime: 62 years
Lifetime Energy Consumption (kWh)=321.95×62=19,961.9 kWhLifetime Energy Consumption (kWh)=321.95×62=19,961.9kWh
Step 2: Data Generation
Devices generate data during their operation, which can be approximated based on:
Device Type: Smartphones, laptops, gaming consoles, IoT devices, etc.
Data Usage Rates:
Smartphones: ~10 GB/month (~120 GB/year)
Laptops: ~20 GB/month (~240 GB/year)
IoT Devices: ~1 GB/month (~12 GB/year)
Total Data (lifetime, GB) = Annual Data Generation (GB) × Lifetime (years)
Example (for all devices combined):
Smartphones: 120×62=7,440 GB120×62=7,440GB
Laptops: 240×62=14,880 GB240×62=14,880GB
IoT Devices: 12×62=744 GB12×62=744GB
Total Lifetime Data: ~23,064 GB (~23 TB).
Step 3: Relationship Between Energy and Data
Energy consumption per GB of data can be calculated:
Energy per GB (kWh/GB) = Lifetime Energy Consumption (kWh) ÷ Lifetime Data (GB)
Energy per GB = 19,961.9 ÷ 23,064 ≈ 0.87 kWh/GB
Step 4: Visualization
Here’s how you can visually represent the relationship:
1. Energy Consumption Over Time
A line chart showing cumulative energy consumption over the individual's lifetime.
2. Data Generation Over Time
A line chart showing cumulative data generated, which can follow a similar trend.
3. Correlation Between Energy and Data
A scatterplot or combined line chart showing energy consumed (kWh) on one axis and data generated (GB) on the other, illustrating the energy required per GB.
Example Visualization Insights
Efficiency Trends: As devices become more energy-efficient, the kWh/GB ratio decreases.
Data Monetization: Overlay the value of the generated data (e.g., via ads, cloud services) to highlight its economic potential.
Environmental Impact: Show the carbon footprint associated with lifetime energy consumption.
Step 5: Insights for Decision-Making
For Businesses: Companies can use this model to understand the cost of generating data and its potential revenue (e.g., ad targeting, subscriptions).
For Individuals: The model highlights the indirect costs of personal devices, encouraging energy-efficient choices.
Exhibit F - Annuity Placement in IRA
Creating an IRA that holds an annuity and uses its proceeds to purchase digital assets tied to the value of lifetime data generation (e.g., represented by a "Soul Coin") is a multi-step process involving financial, legal, and blockchain considerations. Here’s a roadmap:
1. Financial Setup
1.1. Choose an IRA Custodian
Select a self-directed IRA custodian that allows holding alternative assets, such as annuities and digital assets. Examples include:
Equity Trust
Kingdom Trust
Alto IRA
1.2. Open the IRA Account
Open a Roth IRA or Traditional IRA for the newborn, depending on tax preferences:
Roth IRA: Post-tax contributions, tax-free growth.
Traditional IRA: Pre-tax contributions, taxed upon withdrawal.
2. Fund the IRA
Initial contributions:
Gift Contributions: Parents or guardians can gift up to the IRA contribution limit (e.g., $6,500/year in 2024, subject to IRS limits).
3. Purchase an Annuity within the IRA
3.1. Research Insurance Providers
Work with an insurance company offering annuity products that:
Allow small, long-term investments.
Provide payouts aligned with your strategy.
3.2. Purchase the Annuity
Invest the IRA funds in a fixed or variable annuity structured to:
Match the CLV of $3,000 - $3,900.
Pay out annually for investing in digital assets.
4. Define the Digital Asset Investment Strategy
4.1. Establish the Digital Asset
Use the annuity payout to purchase the "Soul Coin™" pair valued at $50 each on the April 3, 2025 release date.
4.2. Estimate the Number of Coins
Convert the CLV to digital assets: Soul Coin™ = CLV ÷ Soul Coin Price
CLV $3,000: $3,000/$50 = 60 Soul Coin™
CLV $3,900: $3,900/$50 = 78 Soul Coin™
5. Legal and Compliance Setup
5.1. Register the Newborn's Account
Confirm that the IRA and annuity align with IRS and regulatory rules for minors.
5.2. Digital Asset Custody
Ensure the IRA custodian supports:
Digital assets like "Soul Coins."
Blockchain integrations for direct purchases or holding.
6. Build the Digital Asset Ecosystem
6.1. Soul Coin Integration
Align with the digital asset issuer to:
Reserve coins for April 3, 2025.
Establish a wallet for secure storage.
6.2. Asset Valuation and Growth
Track the growth of Soul Coin value, linked to data value:
Data generation: 23 TB over a lifetime.
Value: $130-$170 per TB.
6.3. Monetize the Data
Explore data-sharing programs or partnerships (e.g., Web3 applications, decentralized storage platforms).
7. Ensure Sustainability
7.1. Reinvest Returns
Use proceeds from Soul Coins (or other digital assets) to:
Reinvest in the annuity or digital assets.
Support the newborn’s future financial or educational needs.
7.2. Periodically Review the Strategy
Adjust investments based on:
Digital asset performance.
Changes in electricity rates or data monetization trends.
8. Launch and Track Progress
8.1. April 3, 2025 MVP
Purchase Soul Coins on the release date using annuity payouts.
8.2. Monitor Asset Value
Evaluate the value of Soul Coins periodically.
Benchmark against the CLV of energy consumption and data generation.
9. Seek Professional Guidance
Financial Advisor: To ensure proper IRA and annuity management.
Blockchain Consultant: For Soul Coin integration.
Tax Advisor: To navigate tax implications of alternative assets in an IRA.
Exhibit G - Establish Self-Directed IRA
To establish a self-directed IRA that holds an annuity, with the annuity's proceeds designated for purchasing digital assets (e.g., "Soul Coins") corresponding to the Customer Lifetime Value (CLV) of data generation, follow these steps:
1. Select a Self-Directed IRA Custodian
A self-directed IRA allows investment in alternative assets, including annuities and digital assets. Choose a custodian experienced in handling such investments:
Alto: Specializes in cryptocurrency investments within IRAs, offering a user-friendly platform for digital asset management. Forbes
IRA Financial: Provides self-directed IRAs with options for various alternative assets, including digital currencies and annuities. WallStreetZen
Equity Trust Company: Offers a broad range of alternative asset investment options within self-directed IRAs, including real estate and digital assets. Forbes
Action: Research each custodian's fees, investment options, and platform features to determine the best fit for your investment goals.
2. Open and Fund the Self-Directed IRA
Establish the Account: Complete the necessary documentation with your chosen custodian to open a self-directed IRA.
Fund the IRA: Make contributions up to the annual limit set by the IRS (e.g., $6,500 for individuals under 50 in 2024). For a newborn, contributions can be made by a parent or guardian on their behalf.
Note: Consult with a tax advisor to understand the tax implications and benefits of IRA contributions for minors.
3. Purchase an Annuity Within the IRA
Select an Annuity Provider: Choose an insurance company that offers annuities compatible with IRA accounts. Ensure the annuity terms align with your investment strategy.
Direct IRA Funds to Annuity: Instruct your IRA custodian to allocate a portion of the IRA funds to purchase the selected annuity.
Consideration: Ensure the annuity's payout schedule and amounts are structured to facilitate the planned digital asset purchases.
4. Establish a Legal Entity for Digital Asset Transactions
Given the complexities of holding digital assets within an IRA, setting up a Limited Liability Company (LLC) wholly owned by the IRA can provide "checkbook control." Forbes
Form the LLC: Register an LLC in compliance with state laws, ensuring it's structured to be owned by the IRA.
Open a Bank Account: Set up a bank account in the LLC's name to facilitate transactions.
Action: Work with your IRA custodian to ensure the LLC setup adheres to IRS regulations to maintain the IRA's tax-advantaged status.
5. Select a Blockchain Platform for Digital Asset Acquisition
To purchase and manage "Soul Coins" or similar digital assets, choose a blockchain platform that supports asset tokenization:
Securitize: Offers a compliance platform for issuing and managing digital securities on the blockchain. Securitize
Kaleido: Provides an enterprise-grade blockchain platform for digital asset tokenization and management. Kaleido
Action: Evaluate each platform's features, security protocols, and compatibility with your investment objectives.
6. Execute Digital Asset Purchases
Coordinate with the Annuity Provider: Ensure annuity payouts are directed to the IRA-owned LLC's bank account.
Acquire "Soul Coins": Utilize the LLC's funds to purchase the digital assets through the chosen blockchain platform.
Note: Maintain detailed records of all transactions to ensure compliance with IRS regulations.
7. Ensure Compliance and Reporting
IRA Custodian Coordination: Keep your IRA custodian informed of all investments and transactions conducted through the LLC.
Adhere to IRS Regulations: Ensure all activities comply with IRS rules governing self-directed IRAs to preserve tax advantages.
Recommendation: Regularly consult with financial and legal advisors to navigate the complexities of self-directed IRA investments in digital assets.
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