222 lines
9.9 KiB
Markdown
222 lines
9.9 KiB
Markdown
**Language:** [English](sandbox-description.md) | [Русский](../ru/sandbox-description.md)
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---
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# Regulatory Sandbox Description
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## Version for Partners: IT Hubs and Regulators
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---
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## 1. Purpose of the Sandbox
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Creating a controlled legal and technological environment for testing business models based on blockchain and smart contracts, with the possibility of scaling to the real market.
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The sandbox addresses three objectives:
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1. **For business:** A legal way to test blockchain solutions without the risk of violating legislation.
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2. **For the regulator:** Ready-made supervisory tools and the ability to explore new technologies on live use cases.
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3. **For the IT hub:** Attract new residents, strengthen expertise, and become part of a global sandbox network.
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---
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## 2. Territory and Jurisdiction
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The sandbox is deployed **on the territory of an IT hub** that has accreditation or a special legal regime (special economic zone, international tech park, special administrative region).
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**Legal mechanism:**
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1. The IT hub (or authorized body) issues permission for pilot companies to open representative offices on its territory.
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2. Each participating company receives a **legal address on the hub’s territory**.
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3. The legal address is linked to the company’s smart contract on the DLE platform.
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4. All operations within the pilot are recorded on the blockchain and available for regulator monitoring.
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---
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## 3. Sandbox Participants and Their Roles
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The sandbox involves **three types of legal entities**, each with its own DLE platform:
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### 3.1. IT Hub Company (Infrastructure Operator)
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| Parameter | Value |
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|-----------|--------|
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| **Platform** | DLE purchased by the hub (Standard or Premium license) |
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| **Role** | Provision of rental, consulting, and technical support services to new residents |
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| **Funding source** | Hub’s own funds |
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| **What the hub gets** | New service for residents, revenue from services, stronger capabilities |
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### 3.2. Regulator’s Entity (Supervisory Authority)
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| Parameter | Value |
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|-----------|--------|
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| **Platform** | DLE deployed for supervisory purposes |
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| **Role** | Monitoring sandbox operations, data analysis, technology research |
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| **Funding source** | State grant allocated to the fund (VC HB3 Accelerator) for opening a representative office and paying for computing equipment rental |
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| **What the regulator gets** | Blockchain scanner, access to the operations ledger, analytics tools |
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### 3.3. Fund’s Entity (VC HB3 Accelerator)
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| Parameter | Value |
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|-----------|--------|
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| **Platform** | Fund’s DLE (deployed with grant funds) |
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| **Role** | Running the accelerator program, registering and coordinating pilot companies |
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| **Funding source** | Regulator grant + license revenue |
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| **What the fund gets** | Official representation in the hub, access to the pool of pilot companies |
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### 3.4. Pilot Companies (Accelerator Participants)
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| Parameter | Value |
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|-----------|--------|
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| **Registration** | On the fund’s platform (VC HB3 Accelerator) |
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| **Legal address** | On IT hub territory, linked to smart contract |
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| **Groups** | By type of economic activity (70+ areas) |
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| **Program** | Platform setup, testing, training, access to investment |
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| **Participation term** | Within a cohort (up to 5 years) |
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---
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## 4. Technology Architecture
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All three platforms (hub, regulator, fund) are deployed **independently** on servers located within the jurisdiction (on-premises).
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**Shared infrastructure:**
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1. **Blockchain ledger** — EVM-compatible, deployed locally.
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2. **Smart contracts** — with support for identifiers (tax, banking, accounting).
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3. **Blockchain scanner** — real-time access for the regulator.
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4. **AI agents** — local models for analytics and reporting (data does not leave the server).
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**Links between platforms:**
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- Pilot companies register on the fund’s platform.
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- The legal address issued by the hub is linked to the company’s smart contract.
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- The regulator accesses operation monitoring through its own platform instance.
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---
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## 5. Mechanics for Pilot Companies
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### 5.1. Selection and Registration
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1. The fund (VC HB3 Accelerator) recruits pilot companies by type of economic activity.
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2. The company applies on the fund’s platform: https://hb3-accelerator.com.
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3. After approval, the company purchases a DLE license (Standard or Premium).
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4. The company receives a legal address on the IT hub’s territory and registers a representative office.
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5. The legal address is linked to the company’s smart contract.
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### 5.2. Participation in the Accelerator
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1. The company registers in a group by its type of activity (70+ areas).
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2. Contractors (fund token holders) help configure the platform to the company’s business processes.
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3. The company undergoes training and participates in online sessions and workshops.
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4. After testing, the company receives recommendations for further development.
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### 5.3. Access to Investment
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1. Companies that meet target metrics receive an investment offer from the fund.
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2. Investment range: from Pre-seed (50,000–200,000 USDT) to ICO (up to 4,000,000 USDT).
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3. In exchange for investment, the fund receives governance tokens of the portfolio company.
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---
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## 6. Mechanics for the IT Hub
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1. **Joining the project:** The hub signs a partnership agreement with the fund (VC HB3 Accelerator).
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2. **Platform acquisition:** The hub purchases a DLE license (Standard or Premium) to provide services to residents.
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3. **Venue accreditation:** The hub confirms readiness to provide legal addresses to pilot companies.
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4. **Staff registration:** Hub staff register on the fund’s platform to participate in the accelerator as observers or consultants.
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5. **Monitoring:** The hub tracks resident activity through its own platform (without access to regulator data).
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**What the hub gets:**
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- A new service to attract residents.
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- Revenue from rental and consulting services.
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- Participation in a global sandbox network (100+ countries).
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- DLE platform governance tokens (voting rights in product development).
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---
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## 7. Mechanics for the Regulator
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1. **Grant funding:** The regulator allocates a grant to the fund for opening a representative office in the IT hub, server equipment rental, and organizing pilot company recruitment.
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2. **Provision of identifiers:** The regulator provides the fund with API access to reference data with codes for identification of legal entities, banking transactions, and tax reporting.
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3. **Integration:** VC HB3 Accelerator embeds the identifiers into the DLE platform.
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4. **Deployment:** Using grant funds, a platform instance is deployed for the regulator (blockchain scanner, analytics tools).
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5. **Staff registration:** Regulator observers register on the fund’s platform for access to pilot company data.
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6. **Monitoring:** The regulator tracks sandbox operations in real time through its own platform instance.
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**What the regulator gets:**
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- Ready supervisory tools (blockchain ledger, scanner, reporting).
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- A research environment for new technologies.
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- Data on pilot company operations for building the regulatory framework.
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- Ability to integrate with ledgers of other jurisdictions (cross-border cooperation).
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---
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## 8. Mechanics for the Fund (VC HB3 Accelerator)
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1. **Receiving the grant:** The fund secures funding from the regulator to open a representative office in the IT hub.
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2. **Integration:** VC HB3 Accelerator embeds the identifiers into the DLE platform.
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3. **Representative office registration:** The fund establishes a legal entity in the hub and deploys its DLE platform.
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4. **Participant recruitment:** The fund runs marketing campaigns to attract pilot companies by type of economic activity.
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5. **Accelerator operations:** The fund forms cohorts and groups and engages contractors to configure participants’ platforms.
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6. **Investment:** The fund selects the best companies and invests treasury funds (70% of all inflows).
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7. **Scaling:** The fund replicates the model in other countries (target: 100+ sandboxes in 3–12 months).
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---
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## 9. Scaling: 100 Sandboxes in 12 Months
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Launching a single sandbox takes **3–4 months**. With parallel efforts, the fund team can deploy a network of 100 sandboxes within **one year**.
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**Parallel processes:**
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- Registration of fund representative offices.
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- Integration of local identifiers.
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- Recruitment of pilot companies by type of activity.
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- Formation of cohorts and groups.
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**Key metrics:**
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- 100+ countries with representative offices.
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- 21,000+ entrepreneurs in the accelerator (4 cohorts × 70 groups).
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- 600+ portfolio companies over 5 years.
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---
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## 10. Risks and Mitigation
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| Risk | Mitigation |
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|------|-------------|
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| Grant disbursement delays | Working with multiple regulators in parallel, phased funding |
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| Hub refusal to cooperate | Prioritizing hubs with an existing sandbox (e.g. Astana Hub) |
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| Technical failures | On-premises deployment, open source, independent audit |
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| Shortage of pilot companies | Marketing via IT hubs, partnership programs, international networking |
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| Regulatory changes | Flexible architecture, on-chain voting, data localization |
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---
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## 11. Conclusion
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The proposed sandbox model is not only a technological solution but a ready-made ecosystem that aligns the interests of business, the regulator, and the infrastructure venue.
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For the IT hub it offers:
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- Becoming a node in a global network of regulatory sandboxes;
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- Attracting new residents without budget expenditure (funding comes via the regulator’s grant);
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- A practical tool for developing the blockchain segment.
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---
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## 12. Contacts
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See [Contacts](CONTACTS.md).
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---
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## See also
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- [Team](team.md) — founder, AI tools, token holders
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- [IT hubs and regulators database](it-hub-database.md) — target venues for sandboxes
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- [Accelerator program](accelerator-program.md) — format, timelines, cohort structure
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- [For regulators](for-regulators.md) — cooperation proposal, implementation steps
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- [Glossary](GLOSSARY.md) — terms and definitions
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- [Contacts](CONTACTS.md)
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---
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**Last updated:** 2026-02-27
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