ABSTRACT -- A decentralised peer-to-peer-to-peer (P2P2P) incentive system would allow the first party to share any opportunity, and the second party to earn from referring any opportunity to the third party without going through an intermediary. Contracts provide part of the solution, but the main advantages are lost if a trusted party is still required to prevent false opportunities and collect payments. We propose a solution to the false opportunity and payment problem using a peer-to-peer-to-peer network based on the distributed ledger technology (DLT), blockchain and smart contract.

Furthermore, tokenization of opportunity converts an opportunity, be it a job, product or service into tokens enabling referrers in a referral-chain to refer portions of the opportunity and earn rewards in cryptocurrency. It’s a new recruiting and marketing method, allowing businesses to create opportunities, transfer and share values more seamlessly than ever before. Aimed at the forward-thinking companies and individuals who seek to create values from the opportunity they want to share with their network.

INTRODUCTION -- The purpose of Canlead is to bring together and improve upon the concepts of social networking, sharing economy, token ecosystem and allow developers to create consensus-based applications that have the standardization, scalability and interoperability. Canlead does this by building an ultimate multi-party tokenized incentive system whereby everyone in the network is motivated to participate because of the reward and reputation system for opportunity sharing and earning.

Selling products and hiring people relies mainly on the intermediary whether it’s a company or an individual to connect unique opportunities to talented candidates or entities. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model, the speed of delivery and prone to dispute.

The cost of selling and hiring increases transaction costs depending on the monetary value of the opportunity, limiting the maximum practical transaction size and cutting off the possibility for large transactions. Typically, a payment provider such as PayPal, Worldpay or Stripe charges a 3% transaction fee, so a $1,000,000 USD business deal would incur $30,000 in transaction fees. These costs and payments can be avoided by using an offline method or make payments over a cost-effective platform without a trusted party.

What is needed is an opportunity and referral platform with a payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly and cost-effectively with each other without the need for a trusted third party. Transactions that are immutable would protect sellers or hirers from fraud, and routine escrow mechanisms could easily be implemented to protect referrers or buyers.

In this white paper, we are laying the foundations for a decentralised platform that will have built-in incentives for everyone: producer (customer, provider or host), broker (referrer, agent or leader) and consumer (friend, seeker or candidate). A platform that is open and free to evolve, is highly scalable and has no single point of failure.

Canlead will target the recruitment market first, and focus on the job boards, recruitment agencies and freelancers.