Capital projects done right
Designed for
trusted transactions
PrairieDog’s main objective is to reduce wasteful transaction costs driven by outdated business processes that operate under the legal maxim, “buyer beware!”
Our trusted platform fulfills a fiduciary duty to all stakeholders in a capital project – by using digital capability to change the business model to one of “utmost good faith.”
Our simple project roadmap for owners and providers outlines our business model for Smart Contract implementation within capital projects.
For initial smart contract implementation, the duration to “Go Live” is 90-120 days. Subsequent implementations are faster.
01
Contract Analysis
Align key stakeholders on the contractual obligations that will be included in the Smart Contract and what the most important measures will be.02
Data Acquisition
Determine what data will be gathered and how it will be collected and verified.03
ERP Integration
Perform the back-end integration of the Smart Contract system to ensure the enterprise has up-to-date information and that payments can be effectively made.04
SMART CONTRACT CODING
Write the Smart Contract itself – typically as a legally-binding addendum to the physical contract.05
Smart Contract Trust Check
Ensure that the Smart Contract is producing the desired results consistent with the intention of the physical contract, the data collection methods and the payment systems.06
Smart Contract GO LIVE
Switch over to the system and begin producing value for the enterprise. Once it’s live, everything is automated.Developed in collaboration with our blockchain partner Data Gumbo.
Actuals, not Accruals.