Genaro ICO

DISCLAIMER
This draft white paper is not the final version and information is subject to change, please
always go to the Genaro official website for the latest version. The information is for community
discussion only and not legally binding. Please do NOT distribute any part of this white paper
without including this disclaimer.
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TABLE OF CONTENTS
ABSTRACT.................................................................................................................................... 4
1. INTRODUCTION TO THE GENARO NETWORK................................................................. 1
2. GENARO PUBLIC CHAIN ...................................................................................................... 2
2.1 GENARO CHAIN INTRODUCTION ................................................................................. 2
2.2 GENARO CHAIN TECHNICAL ABSTRACT ................................................................... 4
2.2.1 Receipt Maker ................................................................................................................ 5
2.2.2 Receipt Prover ................................................................................................................ 5
2.2.3 Sybil Attack .................................................................................................................... 6
2.2.4 Nothi...

6. LEGAL AFFAIRS AND RISK STATEMENT ....................................................................... 46
6.1 D
ISCLAIMER
......................................................................................................................... 46
6.1.1 Genaro Project .............................................................................................................. 46
6.1.2 Legal Structure of Genaro Network Project ................................................................. 47
REFERENCE................................................................................................................................ 53
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ABSTRACT
Genaro Network is a global blockchain ecosystem development project based in Singapore.
Genaro has pioneered the concept of Blockchain 3.0, a platform built around the first Turing-
complete public chain with an integrated decentralized storage network. Blockchain developers
will have a one-stop solution to deploy advanced smart contracts and store data simultaneously.
The technological ecosystem will contribute to blockchain infrastructure development by
establishing common standards for decentralized applications.
To support the growth of the ecosystem, Genaro Network will open and operate a series of real-
world hubs, with an internal token-based economic model including an in-house accelerator
program, in places such as Singapore, Shanghai, and the Greater Bay Area. This combination of
blockchain storage infrastructure, decentralized application standards, and a global network of
hubs and accelerators will enable the incubation of hundreds, and then thousands, of decentralized
applicat...

1. INTRODUCTION TO THE GENARO NETWORK
The initial purpose of the Genaro Network is to build a reliable Turing-complete public chain with
decentralized storage network. This network will then become the backbone of a new ecosystem
of advanced decentralized applications that need better access to big data via blockchain, including
the Internet of Things, artificial intelligence, and other technologies.
To support the creation of the storage blockchain and the development of the decentralized
application ecosystem, we are implementing the Genaro Hub and Accelerator project, an industry-
first combination of new sharing economy concepts of coliving, coworking, and cocreating. The
Genaro Hub and Accelerator provide a place for the Genaro community to form and flourish,
through education, cooperation, and empowerment of individuals and teams supporting the Genaro
project.
The Hub’s coworking areas provide an environment conducive to prototyping and building
blockchain projects. The coliving facility al...

2. GENARO PUBLIC CHAIN
2.1 GENARO CHAIN INTRODUCTION
Genaro Network is the first Turing-complete Public Chain with Decentralized Storage Network, a
one-stop solution to deploy smart contracts and store data simultaneously. Genaro provides critical
blockchain infrastructure for other blockchain-based solution providers as a replacement for cloud-
based storage. We also provide secure storage for individuals. This section explains the basis for
how that storage is provided to both providers and individuals.
Picture 2.1
At a basic functional level, the blockchain allows for the safety and security of immutable
transaction records, creating transparency and accountability for all who are using the system.
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There are many blockchains in existence, public and private, that provide this functionality.
Genaro may make use of such chains during the development phase of the Genaro Network.
However, we believe that blockchains should be custom-built to purpose. So at a more complex
strategic level, part of our plan has always been to create a new public chain as a critical part of
the infrastructure of the Genaro Network. The foundation overseeing the development of the
network will have the ability to influence the future development of the chain. The chain will also
have a unique development community to build new functionality.
The following section explains some of the key technical concepts of the Genaro public chain.
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2.2 GENARO CHAIN TECHNICAL ABSTRACT
The first step of Genaro Network includes two parts: the storage system with SPoR method and
the “receipt” system with Ethereum as the provider. Genaro is created for public storage, and the
goal of Genaro is to build a public chain which provides decentralized applications (hereinafter
DAPPs) and other applications with a decentralized storage space. Technically, the Genaro
network public chain is comprised of two major parts: receipt maker and receipt prover, which are
explained in detail below.
Picture 2.2
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