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Re: Firearm blockchain database to mitigate crime and shootings**Good morning ****'s Sporting,**I saw your article in the WSJ regarding gun control and below is a concept you may wish to explore.**Over the past six months, I have been working on a novel blockchain firearm database to mitigate firearm crime and shootings. Our present goal is to raise awareness of the privatized firearm database including its social and economic benefits. The concept has received positive support from all segments and ideologies of society. Below is a short summary and I have a presentation that I can share with you. Naturally, I would enjoy receiving your feedback.**(Note that I am successful technology entrepreneur and have launched many successful companies.)**Private Firearm Database**Our new company is being formed to address the gun issue directly by employing a privatized ledger system using blockchain. This strategy would be non-ideological and remove the US government from oversight. The approach is predicated on the premise that gun owners are responsible and moral citizens, and that the issue may not be solved by the government or through more legislation. Our goal is that the firearm blockchain would eventually become self-regulating by gun owners.**Firearm Blockchain Summary**One major concern of firearm control is that the US government will not allow searchable gun databases, primarily because the NRA has fought to oppose these regulations. The NRA contends that with a public database, the government would have a national registry and could confiscate firearms from private citizens. Naturally, a vast majority of Americans are concerned that the gun violence issue may never be solved and that Congress will continue to equivocate on the issue. **One workable solution is to privatize the firearm database by using blockchain to record all transactions. Because blockchain utilizes a distributive ledger system, it is secure and essentially hacker proof. **Overall, the blockchain strategy is based upon the premise that gun owners are responsible citizens and do not wish to see their firearms used in mass shootings or gang related violence. After registering on the blockchain, the gun owner would be able to track his or her firearm's future transactions and determine the number and timing of purchases by a potential buyer. Additionally, because blockchain maintains a list of all transactions, gun owners would be aware of firearms that were being removed from the database and could alert the proper officials with its description and origination. **Correspondingly, gun owners may not wish to proceed with a firearm sale if they felt the new owner was stockpiling guns or if the firearms were to be used as for illegal purposes. This is especially true should other members on the database become aware that the gun owner knowingly was aiding violent crimes through the sale of guns. Additionally, by protecting the identity of gun owners, the blockchain ledger system would gain bipartisan support and remove ideology on the firearm control issue. **Historically, novel technologies have been very successful in overcoming social issues. In a similar fashion, the blockchain ledger system would eventually evolve into a highly workable solution that meaningfully addresses the gun crime and violence issue.**Regards,**Steve Kennedy*****-***-***********@***.com** **ATF, Value Proposition, Incentives and Monetization***. The Bureau for Alcohol, Tobacco and Firearms (ATF):**The ATF works with regional law enforcement agencies to trace firearms using ballistic software. Each gun and bullet * cartridge has specific barreling characteristics (similar to fingerprints) and the software is more than **% accurate. In the proposed firearm blockchain ledger system, the members would upload their gun's ballistic and marking information, including fired cartridge photos, manufacturer name, serial number, firearm caliber and model. With the structure of the blockchain, these firearm owners would remain anonymous and maintain their privacy rights. The barreling data or firearm marking information would then be used to trace all the firearm's transactions that eventually ended in a shooting.***. Value proposition:**The company plans to introduce strategies that will provide tangible returns to blockchain ecosystem members and industry participants. First, we would launch an MVP (minimum viable product) for an MVE (minimum viable ecosystem or the supply chain of firearms) within a specific geographic area, such as a state. In order to gain valuable feedback, the company would use a pilot program that includes a small group of gun owners, gun retailers, the ATF and law enforcement agencies. We would then continue to experiment, test and adjust the business model until it becomes user-friendly and meets the expectations of all ecosystem members. Additionally, the company would want to clearly understand the value proposition for all network participants with the goal that each sees a positive financial return from economies of scale, lower operational costs or a safer environment.***. Incentives for ecosystem member to join the blockchain:**One potential economic incentive for network participants to join would be to provide stock grants or options of the blockchain company for each network participant that registers as part of our ecosystem. Essentially, they would become equity owners in the blockchain company, not unlike employees or contractors being awarded stock grants or options. Naturally, the legal structure behind this incentive may be complex, however, if the company can make it work, then the next step would be to create avenues for viral marketing to quickly build membership, such as providing additional stock for each referral to the blockchain. Eventually, networks effects would come into play where, as the database increases in size, the more valuable it becomes for all ecosystem members.**A non-economic incentive for gun owners and other network participants to join is that they would receive the moral benefit of helping to solve a major societal issue. These ecosystem members would be viewed as responsible citizens and the company would promote their goodwill as part of the solution. To that end, we could provide a certificate of compliance to demonstrate their loyalty and good citizenship.***. Monetization of the blockchain:**The company would propose developing industry standards for firearm manufacturers and dealerships within the ecosystem similar to those for Underwriter's Laboratory or ISO **** * **** regulations. Once the standards are in place, gun buyers should prefer to purchase firearms through these blockchain ecosystem companies, because they would be transacting firearms that are in compliance with the firearm blockchain standards. This would provide additional value to firearm manufacturers and dealerships, which the company could help monetize.**Once the MVP is working according to expectations, then the company would provide additional product applications such as predictive analytics to expand the ecosystem to other participants. For example, law enforcement agencies, insurance companies and municipalities may wish to join the blockchain ecosystem to help better forecast potential shootings, lower liability rates, reduce medical costs or identify stolen firearms. These additional sources of revenue and lower costs could also be monetized by the company.**Please contact:**Steve Kennedy*****-***-***********@***.com
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