Gold Token White Paper

I'm a software developer with 30+ years of experience. There may soon be demand from State governments for R&D, prototyping and development of gold-backed digital currencies as described in Texas bills S.B. No. 2334 and H.B. No. 4903.

Abstract:

This paper contains three complementary proposals to create a digital token backed by a State-regulated depository like the Texas Bullion Depository. The first proposal is the token itself including history, justification and legislation‚ the second is a development strategy‚ the third adds flexible exchange rates between participating States.

1) GOLD DIGR is an overview of a State-regulated digital token necessitated by historical and political forces‚ current legislation and strategic design.

2) TWG proposes a multi-State committee to develop a standard token framework adaptable to multiple States and external partners.

3) SXS is an interstate token exchange system similar to the BRICS attempt to displace the Federal Reserve’s centralized system.

Cost

In 2018, I wrote a similar crypto platform using Ethereum. I believe a production system could be ready within a year by a team of five people for under $2 million.