Próspera allows companies in traditionally regulated industries to choose the regulatory framework that best fits them, while ensuring that public health and safety are protected. This means that innovators can decide how prescriptive the regulatory environment is for their business. For those operating outside of traditionally regulated industries, Próspera offers unparalleled operational freedom.
Businesses outside of traditionally regulated industries are generally free from prescriptive regulation and can operate subject only to common law rights and responsibilities. Businesses in traditionally regulated industries can choose from the regulatory options below that are designed to enhance rather than constrain business operations. For all businesses in Próspera, freedom of action, risk-taking, innovation, and accountability are the rule, not the exception.
The cornerstones of healthcare and biotech regulation in Próspera are ensuring that patients give knowing and voluntary consent, and confirming that there are no dangerous third party effects. When those 2 conditions are established through the various regulatory options available to them, biotech companies will discover greater freedom to innovate than anywhere else in the world.
Próspera’s vision is that all transactions that want to use blockchain technology can do so. DAOs are a welcome management or ownership structure for legal entities in Próspera.
Finance and insurance are traditionally regulated industries, but Próspera provides a range of regulatory options that can establish regulatory certainty for the most innovative sectors of fintech.
Builders are free to adopt building codes and standards from among dozens of leading jurisdictions that we reciprocally recognize, ensuring familiarity and streamlined construction.
Próspera’s revolutionary insurance model creates a globally competitive regulatory landscape. The first line of compliance in Próspera is handled by regulatory insurers. Because they have an economic stake in the cost and benefits of their actions, regulatory insurers seek to strike the perfect balance in oversight: excessive scrutiny is expensive, while insufficient oversight exposes them to increased liability risks.
The Próspera Arbitration Center (PAC) offers high caliber arbitration services to resolve disputes. The PAC’s arbiters come predominantly from common law jurisdictions, including Australia, Europe, and the United States. Arbiters include a former U.S. high court justice, appellate and trial judges, experienced practitioners, and leading legal scholars. The PAC also has cross-coverage working agreements with other leading alternative dispute resolution service providers in various jurisdictions.