Core Concept

Abstract

Decentralized collective due diligence also known as a decentralized collective intelligence represents a transformative paradigm in the world of blockchain and cryptocurrency. This concept harnesses the power of community intelligence to conduct comprehensive and extensive due diligence on emerging blockchain projects, thereby enhancing the decision-making process for a wide range of stakeholders, including retail investors, institutional investors, venture capitalists, community-based venture capitalists, launchpads, Market makers, protocol ecosystems, and blockchain enthusiasts.

These stakeholders include retail investors, institutional investors, venture capitalists, community-based venture capitalists, launchpads, Market makers, protocol ecosystems, and blockchain enthusiasts.

This whitepaper comprehensively elaborates on the multifaceted dimensions of the decentralized collective due diligence process also known as decentralized collective intelligence, shedding light on its core principles and the profound implications it holds for the blockchain ecosystem projects peer review.

How it works

Decentralized Collective Due Diligence: This is a new approach that involves the community collaborating in a decentralized setting to assess blockchain projects thoroughly. The evaluation covers various aspects, from the project team and technology to its real-world applications and long-term sustainability.

Utilizing Due Diligence Tools: Researchers use different tools and techniques to create comprehensive reports. They work autonomously to identify both the strengths and weaknesses of the projects, aiming to reach a consensus on whether a project passes due diligence.

Delegate Due Diligence Process: Diligence Labs offers a process where various entities, such as venture capitalists (VCs), launchpads, incubators, accelerators, and retail investors, delegate their due diligence to a decentralized community.

Unified Results: Diligence Labs facilitates a decentralized collective intelligence process that produces unified outcomes. This is essential because, in the web3 ecosystem, researchers typically work in isolation which increases the level of individual bias while evaluating projects, making it challenging to establish a unified environment for researching projects. Diligence Labs provides a decentralized platform for different researchers to work together and investors to collaborate and connect with researched projects.