TES Pilot Initiative in the U.S.

Prepared by Peter Li-Chang Kuo

Q1: Have you heard of the "USD 36 Trillion Invention"?

A1: The invention we created—TES (The eStore System)—is a new tech-economic system that has already driven a staggering USD 36 trillion in transaction value of cashless system!

Fig 1: TES as the Best Practice of APEC 2003 – a “Global Channel”

"Global Channel-TES" is a new tech-economic system invented under the "Rich Taiwan Plan," the system integrates “Cashless Transaction System, AI-powered E-Commerce Platform (eStore), Smart Vending System (VAM), Transaction Supply Chain Management (TSCM), and Satellite Support Technologies.” It has become an irreversible commercial trend. Coupled with MAGA and MAHA policy initiatives and public demand, TES follows a clearly defined path with measurable market size and return on investment. It revitalizes local economies and builds a new commercial ecosystem, entering a golden period for investment and profits.

TES is a repeatable, scalable, integrated virtual-physical business model. Following the U.S. pilot, a snowballing profit effect is expected.

In April 2025, as the global community enjoyed the impacts of reciprocal tariffs, a pivotal meeting was held. The outcome: "Linda Din (丁玲虹) was officially recognized as the original inventor of global e-commerce and cashless technology." Supporting evidence includes:

1) 1998 APEC Speaker Invitation Letter

2) 2001 book "A Lady of Rich Taiwan" (Linda Din, 2001)

3) 2003 APEC Speaker Invitation and Letter of Appreciation

4) 2004 book "Global Channel–TES" (Linda Din, 2004)

As well as several now-expired U.S. patents:

1) https://patents.google.com/patent/US6304796 (VAM)

2) https://patents.google.com/patent/US20030197061 (Shopping System)

3) https://patents.google.com/patent/US20030107468 (ESD)

4) https://patents.google.com/patent/US20040054595A1 (ETC)

Fig 2: The Book “A Lady of Rich Taiwan” (Linda Din, 2001)

In her 2001 book, Linda Din documented the invention of "TES/ eStore/ VAM/ ePayment systems" with photos, diagrams, and workflows. The E-Commerce Proposal of APEC 1998 and its outcomes are also detailed. According to the WIPO Copyright Treaty and the Berne Convention, such works—text, illustrations, and research photos—are automatically protected upon creation, confirming our original authorship of contactless, cashless e-commerce systems.

Fig 3: Linda Din promoting the e-commerce bill at APEC 1998

Intellectual Property & Economic Validation

Copyright lasts for the life of the author plus 50 years. According to WIPO, any unauthorized reproduction or use of content may trigger infringement warnings and monetized enforcement, including bundle auctions. During the COVID-19 pandemic, cashless global transactions totaled USD 36 trillion annually—the largest market in existence. Our invented TES system aims to manage this recurring financial flow through an “ICT Control Center” as part of a revolutionary global economic infrastructure.

A resolution was made to initiate IP compensation claims against an infringing company "D", which has annual revenues of $24.5 billion. A 1% royalty rate amounts to USD 245 million per year, totaling USD 2.45 billion over 10 years. The minimum claim is USD 500 million, to be auctioned globally, launching the commercial application of TES and fulfilling our mission goal of "Social Responsibility Investment" (SRI).

TES Milestones and Market Validation

From the 1998 APEC proposal that led to an e-commerce law, to the 2003 APEC “Financial Revitalization through Global Channel–TES” project winning that Best Practice, the Cashless System of TES has since become a universal transaction trend. During the pandemic, annual transactions reached USD 36 trillion, which 1% IP share would represent "USD 360 billion."

Fig 4: Linda Din winning APEC 2003 Best Practice with TES

We once proposed at the APEC CEO Summit about the establishment of 2 million “eStores” (electronic stores) across the United States, with the goal of creating 2 million jobs. Today, "Invest in America" (IIA) has become a major national policy, with a plan to implement demonstration applications in the U.S. to achieve the goal of IP monetization.

Reflecting on Taiwan’s experience in 1985, when many foreign companies withdrew their investments and relocated overseas, leaving behind a large population of unemployed workers— many of whom turned to driving taxis only to become targets of robbery— Linda Din stated that “I want to invent a cashless system where taxi drivers can still earn money, even with no cash in the car.” The now-expired U.S. patent for the "ETC" system stands as evidence of her commitment to achieving goals in "Social Responsibility Investment" (SRI).

In addition, “VAM” is a system that uses contactless chip cards for vending automation management; the “Shopping System” was developed to create a universal cashless system; and “ESD” is an entry security device used in various access control and customs clearance systems. By visiting the linked website, one can see numerous well-known multinational corporations utilizing above said inventions. In accordance with the United Nations Intellectual Property Convention and its principle of "user pays," the value of the IP involved has already reached astronomical levels.

SRI Growth Ladder & Impact

Since 1986, we’ve independently developed this ecosystem through R&D, publishing, and forums, culminating in global legal recognition. The next step is to launch a "Social Responsibility Investment (SRI) Fund" through operation of "Private Financing Initiative" (PFI) to monetize IP and create the largest social engineering project in human history.

Benefits of TES Investment:

1. Outpaces inflation and social cost growth;

2. Aligns with ESG and global SRI trends;

3. Contributes to the new economic era;

4. Grasp the emerging interests;

5. Positions investors as future winners.

Q2: Do you know how fast social costs are inflating?

A2: On April 7, I exchanged USD at NTD 32.8. On May 2, the rate was NTD 30.14—a 9.2% change in 25 days!

In 1974, I registered a factory in Yong-Kang, and the land price was announced as NTD 99.8 per square meter (similar to the price I bought it for earlier); a few days ago, when I was having dinner at Yong-Kang Guitian Hotel, the manager said: "The land here is now NTD 150,000 per square meter, and it's still rising!" – it has expanded "1,500 times" or more.

Do you have any way to outpace the rate of social cost inflation? If not, "TES" is the answer!

US President Barack Obama invited us to attend the APEC CEO Summit 2009 to contribute the way of "Rebuilding the Global Economy". Our proposal "IIA-TES" was widely accepted.

In 2010, as smart mobile communicators became increasingly popular, the "Cashless System + TSCM (transaction supply chain management software system)" in TES was broadly used commercially, bringing opportunities for reconstruction of the economy and society after the financial tsunami.

Fig 5: Division of work among the Seven Centers in the U.S. and Taiwan

“IIA-TES” U.S. Pilot Plan:

At the APEC CEO Summit, we also proposed the implementation steps of "IIA-TES" to President Obama – from pilot program to demonstration applications, and then to commercial use across the United States. We will leverage the strengths of Taiwan and the United States, establish seven major centers for division of labor and cooperation, and gradually achieve "One eStore One Business One Job" in the United States, bringing USD 10 trillion in business opportunities to them -- so far "Cashless Transaction" in the United States have reached USD 7.6 trillion, and at the same time also achieve the goal of "Rich Taiwan."

Fig 6: The eStore of TES for U.S. (AI-generated image)

Since all operations in the "eStore" of TES are electronic, and AI robot services are also added, the money flow is mainly based on the "Electronic Payment Transaction" (non-cash) system, and each store has satellite support; it was only recently that the application environment gradually took shape. A "Pilot Exercise" of 10,000 eStores is planned, which will then radiate to the entire United States and form a global channel. As the old saying goes, "To do the big things, one must start with the small things!" First, we must formulate a "Pilot Program" that complies with the "MAGA" (Make America Great Again) policy.

TES (The eStore System) is our invention aimed at solving structural societal issues. It underwent 11 years of development to create a cross-century smart transaction and digital economy platform. It encompasses “cashless transactions, contactless induction technology, intelligent supply chains,” and an AI-driven business framework. Through 13 years of continuous effort under APEC and the widespread adoption of zero-contact solutions during the COVID-19 pandemic, we have demonstrated substantial social and economic impact—benefiting billions globally. Most importantly, we have been officially recognized as the original innovators and rightful intellectual property (IP) owners.

Based on DCF (Discounted Cash Flow), the multi-sided platform model, and the universal SaaS valuation method, the conservative estimate of TES's potential annual revenue is as follows:

1) Platform commission (0.05% market penetration): USD $18 billion;

2) Software licensing and big data services: USD $3 billion;

3) VAM upgrade/license fees: USD $1 billion (licensing) + USD $0.75 billion (AI);

4) ICT-based financial flow services: USD $1–5 billion (depending on financial institution partnerships);

Total conservatively estimated annual revenue: USD $24~30 billion.

Valuation Calculation:

The corresponding valuation is derived using the Revenue Multiplier Method. Based on an average revenue multiple for the FinTech industry of 15 to 25 times (depending on market conditions), a conservative estimate using an annual revenue of $25 billion yields a valuation of: "$25B × 15 = $375 billion USD."

TES has ushered in the era of contactless digital economy, driving over USD 36 trillion in annual cashless transactions. As its “intellectual property” (IP) value continues to grow, even with just a 0.05% market penetration, TES can generate USD 18 billion in business activity. This unlocks diverse revenue streams across smart retail, digital finance, and underserved edge markets. The initiative of “IIA-TES” to establish an "ICT Control Center" in the United States will further strengthen America's global leadership in the emerging smart financial economy.

Investment Profit Stages Diagram

Q3: Why is the Pre-IPO stage the most profitable?

A3: Because the TES (The eStore System) we invented and developed already possesses key R&D achievements, has been validated by the market, and has become the world's largest-scale commercial mechanism. These accomplishments were created entirely by the social enterprise founder's own capital, meaning the valuation is still relatively low while the intellectual property (IP) is extremely valuable. If the pilot program succeeds, the company’s valuation is expected to multiply significantly. Therefore, the Pre-IPO stage offers the highest potential returns. Here's the explanation:

1. Profit Distribution (Pre-IPO): As the U.S. pilot program advances, licensing can begin—assuming a 5% royalty fee—if 10,000 stores adopt the system, that would generate over USD 400 million in revenue. After the auction event, immediate cash distribution, and it may allow initial capital to be recovered.

2. IPO Upside: Revenue from IP can be used to fuel a NASDAQ IPO. If successfully listed, the company’s valuation typically multiplies several times, leading to continued appreciation.

3. Stock Split Gains: As share prices continue to rise, stock splits may occur, increasing the number of shares held and naturally boosting asset value.

4. Zero Cost with Dividends: If initial capital is recovered after profit distribution from the auction, and more shares are received through stock splits, investors can continue to receive dividend payouts—essentially at zero cost.

5. Strategic Positioning: Early investors are considered partners. In the future, they won’t just enjoy profit distributions but also new opportunities and elevated social status.

Conclusion

In 2003, on the APEC stage, we publicly predicted that the TES system would create a "USD 10 trillion" business opportunity, and we presented a complete technical architecture:

1) Contactless TranSmart Chip Cards;

2) Smart Vending and Virtual Asset Management (VAM);

3) AI-powered E-Commerce Platform (eStore);

4) TSCM (Transaction-based Supply Chain Management) System;

5) Zero-contact, cashless transaction model.

This system has become the most crucial E-Commerce infrastructure of the 21st century. We are pioneers of today’s tech-driven economy and have made groundbreaking contributions to the global "USD 36 trillion" cashless transaction volume— exceeding original forecasts by 3.6 times.

Now, we invite you to participate in the "IP Transformation" program—entering the world’s largest ready-made market at extremely low foundational costs—and enjoy exponential growth and strategic dividends.

Investment Niche and Market Advantages:

1. Global Cashless System Economy – An Irreversible Trend: We are creating a globally applicable non-cash economic system, which has become an unstoppable and irreversible trend.

2. Policy Alignment and Public Demand: Aligned with initiatives such as the “MAHA Health Policy” and “APEC Economic Recovery,” this project benefits from favorable policy support.

3. Demonstration Applications and Scalable Model: From pilot program to demonstration applications, we follow a scalable and replicable model. The clear roadmap enables estimation of market size and ROI, driving local economic revitalization.

4. AI + Phygital Integrated Business Model: TES offers a repeatable licensing and rapidly scalable hardware-software integrated service model, generating long-term value.

5. Currently Undervalued with High Growth Potential: Prior to the demonstration stage, TES's valuation has not yet fully reflected its potential. Upon successful commercialization, its market value could increase by several folds.

6. Policy-Backed and Validated Product: The TES system has been recognized as a Best Practice by APEC, with visible transaction results totaling USD 36 trillion. The risks are significantly mitigated, and when combined with MAGA and MAHA policies, its credibility and success rate are far higher than typical projects.

7. Building a Platform-Based Economy: TES is not a standalone product but a foundational platform economy. Investing in TES is equivalent to investing in an entire future industrial ecosystem.

Peter Li-Chang Kuo, the author created Taiwan's Precision Industry in his early years. Peter was a representative of the APEC CEO Summit and an expert in the third sector. He advocated "anti-corruption (AC)/cashless/e-commerce (E-Com)/ICT/IPR/IIA-TES / Micro-Business (MB)…and etc." to win the international bills and regulations.